The joint venture will manage the Gore Hill Data Centre Facility in Gore Hill, Sydney, Australia.
The King & Wood Mallesons team included Senior Associate, and real estate capital markets specialist, Mark Bayliss and Solicitor, Andrew Cork.
The transaction continues the strong flow of cross-border investment into Australian real estate assets by foreign investment managers and sponsors on which King & Wood Mallesons has advised.
Mr Bayliss said “We were delighted to be able to support Keppel on its entry into the Australian market, and to lend our market-leading expertise in the structuring and execution of inbound investment into Australian real estate. Keppel’s investment is an example of the emergence of Australian data centre facilities as a specialised class of real estate asset attracting institutional investment, in part driven by the NBN.”
King & Wood Mallesons has advised a number of leading global and Asia focussed real estate managers and sponsors, including Securus Data Property Fund Pte. Ltd , CLSA Capital Partners, LaSalle Investment Management and Pramerica Real Estate Investors, on their recent inbound investments into the Australian real estate sector.
For further information on King & Wood Mallesons recent experience and market-leading expertise in investing in Australian real estate, please see Real Estate, Real Opportunities - Investing in Australian real estate.
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Elle QuinnCommunications ManagerT +61 2 9296 3730
M +61 424 168 080