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Gadens
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Banking & Finance: Property Finance

About

Provided by Gadens

Gadens’ Banking & Finance Team has extensive expertise and experience across the full range of banking and finance transactions including secured and unsecured facilities, bilateral loans, club facilities, syndicated facilities, subordinated and mezzanine financing including related intercreditor arrangements, domestic and cross-border financings. 


Work highlights:

  • CBR Development Group - Gadens acted for developer CBR Development Group in an A$66.5m senior construction facility with National Australia Bank and A$10.6m mezzanine facility with Wingate in respect of the residential apartment project known as 'Promenade' consisting of 199 apartments and 2 commercial lots over 31 levels and 150 car parking spaces in Box Hill, Victoria.
  • Commonwealth Bank of Australia - Gadens acted for the Commonwealth Bank of Australia on an A$260m facility to Sentinel Property Group for the acquisition of Casuarina Square, Darwin, NT and Caneland Central, Mackay, QLD shopping centres.
  •  CVS Lane - Gadens acted for CVS Lane in respect of an A$20.275m senior syndicated facility providing development finance to construct 53 independent living units and community recreation facilities for a retirement village in Mango Hill, Queensland.
  • MaxCap - Gadens acted for MaxCap on an A$56m land facility provided to the DD Living Group for the “Burly Residences” development, a 25-level premium beachfront tower with 100 luxury apartments and resort style amenities.


Chambers Review

Provided by Chambers

Banking & Finance: Property Finance - Australia

4
Band 4

What the Team is Known For

Gadens is noted for its strong domestic practice with a prominent regional capability. The banking and finance team acts primarily for major domestic banking institutions, especially on matters relating to real estate, property and construction finance, including structured and syndicated finance. The team also advises borrowers on the financing agreements for real estate acquisitions and developments. The law firm operates within the institutional bank, corporate bank, commercial bank, business bank, retail bank and self-managed superannuation fund markets.

Work Highlights

  • Gadens acted as borrower counsel for Spacious Hotel Development in an AUD38 million facility with the Bank of Melbourne to fund the development of the Mercure Melbourne La Trobe Street hotel.

Strengths

Provided by Chambers

We value Gadens' ability to cut through the legalese and black letter law to focus on commercial and achieving outcomes that work for all parties involved.

Banking & Finance: Property Finance respondent
Asia-Pacific

Gadens is very accommodating and communicates in a manner that is clear to understand.

Banking & Finance: Property Finance respondent
Asia-Pacific

Notable Practitioners

Provided by Chambers

Kenneth Tang
3
Kenneth Tang
3
Band 3
Kenneth Tang concentrates on large and complex deals in the acquisition finance space. He is noted for his considerable experience in unitranche financing, as well as funds.

Kenneth's commerciality and ability to come up with alternate solutions are key differentiators for me.

Kenneth is very commercially astute. He provides solutions to complex problems and is always happy to talk over the phone and work through issues.

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Ranked Lawyers at
Gadens

Provided by Chambers
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Australia

Banking & Finance: Acquisition Finance
Kenneth Tang
3
Kenneth Tang
3
Band 3
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Members

Provided by Gadens

Elliot Raleigh

Head of Department

Renae Suttor

Clients

Provided by Gadens

Asset managers

Banks

Non-bank financiers

Offshore lenders

Private equity houses

Property developers

Superannuation funds

Unlisted corporate borrowers

Industries

Provided by Gadens

Financial services, healthcare, manufacturing, funds management, hotel/ hospitality and real estate & construction where we are experts in Australia