Herbert Smith Freehills has advised the financier on Melbourne developer Capital Alliance's A$250 million 'The Docklands Residences' project.
The project is a mixed-use development comprising a 200 room Marriott hotel and 88 residences across two towers above the District Docklands shopping complex. Icon Co has been appointed to build the 17-storey dual tower project.
The Herbert Smith Freehills team was led by Finance Partner Lucy McCullagh and Real Estate Partner Jane Hodder. They were supported by executive counsel Dinh Ptok, senior associates Kimberley Lean and Josh Todd and solicitor Sama Rahman.
Ms McCullagh said, "We are delighted to have advised the financier on financing the first purpose-built Marriott hotel development in Australia in more than 20 years."
This deal is another example of the market-leading expertise of Herbert Smith Freehills’ Finance Practice.
It follows Herbert Smith Freehills advising several lenders and developers in relation to projects located in the Docklands precinct, including the Melbourne Quarter Towers.