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Herbert Smith Freehills has advised the Clean Energy Finance Corporation (CEFC) on its A$75 million equity investment in Mirvac’s recently-launched build-to-rent sustainable housing venture (BTR Venture).

This investment follows the CEFC’s A$50 million investment in Mirvac’s Australian Build-to-Rent Club, in relation to which Herbert Smith Freehills also advised the CEFC.

The BTR Venture comprises Mirvac’s operational build to rent assets (LIV Indigo, Sydney and LIV Munro, Melbourne), as well as its build to rent pipeline assets (including LIV Anura, Brisbane, and LIV Aston and LIV Albert Fields, Melbourne).

The Herbert Smith Freehills team comprised partner Fiona Smedley, Special Counsel Yorick Ng, and Senior Associate Adam Hickey.

Fiona Smedley said, “The CEFC’s cornerstone investment in the BTR Venture demonstrates its leadership in the energy efficiency space. We are elated to have facilitated a transaction that is well positioned to make a meaningful impact on the decarbonisation of the broader residential property sector.”

Yorick Ng added, “This investment demonstrates the CEFC’s continued commitment to sustainable outcomes, this time in residential property.”

This Herbert Smith Freehills team has advised the CEFC across a range of equity investments, including the Pacific Equity Partners’ Secure Assets Fund II, Adamantem’s Environmental Opportunities Fund, Macquarie Infrastructure and Real Asset’s infrastructure platform, the Australian Renewables Income Fund, the Morrison & Co Growth Infrastructure Fund, the transforming farming platform managed by Gunn Agri Partners, the Investa Commercial Property Fund and the Mirvac Wholesale Office Fund.

Key contacts

Fiona Smedley photo

Fiona Smedley

Partner, Sydney

Fiona Smedley
Yorick Ng photo

Yorick Ng

Special Counsel, Sydney

Yorick Ng
Adam Hickey photo

Adam Hickey

Senior Associate, Sydney

Adam Hickey

Media contact

For further information on this article please contact

Emily Coultas

Emily Coultas, External Communications Manager