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Herbert Smith Freehills advises EG on the launch of its new A$800 million real estate fund

17 June 2019 | Australia, Asia Pacific
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Herbert Smith Freehills has advised EG on the launch of its new EG Australian Core Enhanced Fund, which will be managed by EG Funds Management Pty Ltd. 

The Fund is an open-ended, diversified fund, targeting office, retail and industrial property in Australia. Four investors have committed equity to the Fund, providing it with the ability to invest over A$800 million.

EG is a real estate investment fund manager with market leading performance over the 15 years since establishment.

The Herbert Smith Freehills team advising EG was led by partner Fiona Smedley, with assistance from senior associate Yorick Ng and solicitor Nick Alexander. Specialist stamp duty support was also provided by partner Jinny Chaimungkalanont and her team.

Ms Smedley said: “Congratulations to EG on reaching this exciting milestone. We enjoyed working with the talented and energetic EG team on the fund documentation and the negotiations with the cornerstone investors.”

“We look forward to continuing to work with EG as it grows its property funds management business in Australia.”

Yorick Ng added: “We are thrilled to have had the opportunity to assist EG with the establishment of the fund and congratulate the team at EG on the collaborative approach that has been so important in achieving this fantastic outcome. In our view, the launch demonstrates continuing confidence in the Australian investment funds industry.”

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For further information on this news article, please contact:

Paul Sutherland, Communications Manager

Melbourne
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+61 3 9288 1817