Herbert Smith Freehills has advised the Clean Energy Finance Corporation (CEFC) on its A$110 million equity investment in the Investa Commercial Property Fund. This investment is the largest investment in new property that the CEFC has made to date.
The Herbert Smith Freehills team comprised partner Fiona Smedley and senior associate Yorick Ng, Associate.
Fiona Smedley said: “Congratulations to CEFC on this important investment which is consistent with its goals to support green energy initiatives in the office market. It is pleasing to see, and be part of, the increasing demand for investments in the renewable and clean energy sector, which is being driven both by investors and fund managers.”
Yorick Ng added: “We always enjoy working with the CEFC team and we are thrilled to have worked with them to document and close this significant investment”.
Fiona and Yorick have has previously advised CEFC on a number of transactions, including on its investment commitment to EG Fund Management and its investment commitment to Foresight Group LLP.