riding the ups and downs of the property market demands advice you can hang onto

A client approached us with a contract to sell part of their property and retain the balance for their own purposes. The contract was subject to obtaining the relevant development approval from the local authority. However, it soon became apparent it would take some time to finalise the approval. Our client needed the money for the sale urgently and could not wait for the local authority to go through its normal red tape processes. We negotiated a restructure of the transaction enabling the sale to proceed urgently with the buyer holding our client’s share of the property on trust for our client until the approval was obtained. We also ensured various protections were in place for our client to secure their share of the property until the arrangements could be finalised.

Macpherson Kelley represented a large foreign investor interested in providing funding for an apartment development containing more than 100 properties. We became involved in the urgent transaction at the last minute, reviewing the off-the-plan sale contracts to provide the lender with certainty on their enforceability within a very short turnaround time. We provided the lender with very specific commercial information and legal advice to assist them to assess the development in accordance with their specific risk criteria.

A client bought a commercial A grade office tower in Sydney’s CBD. For the years they owned the building we advised on all property matters they faced, including drafting leases for the tenancies, car parking licenses and fitout/incentive arrangements and negotiating disputes with the tenants when they arose, particularly around make good and market rent increases. We helped our client ensure the building was well managed from a legal perspective which enabled our client to maximise the sale price of the building when they eventually sold it.