Deals

A bidding war has broken out after Singaporean developer Ho Bee Land made a $390 million offer to acquire developer AVJennings, months after AVID Property Group lodged a takeover offer.

US property firm Greystar is acquiring a portfolio of student accommodations worth $1.6 billion, one of the largest deals of its kind in the Australian market. 

European construction company STRABAG Group has received Foreign Investment Review Board to acquire Australian construction company Georgiou Group for $233 million.

Allens has brokered a deal between Australian renewable company ZEN Energy and Taiwanese company HDRE to create a battery system that will increase national solar storage by 33 per cent. 

Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.

Property investment giant Charter Hall Group has completed one of the largest green loan transactions in Australia’s real estate sector, securing $3.35 billion in green loan facilities for its office building fund.

Allens has advised a syndicate of 11 banks on a $2.3 billion financing facility for Spanish energy giant GPG to develop a suite of renewable energy assets in Australia.