TG acts for The Patella Group on prime acquisition

Jun 16 2017

News

Partner, Melinda Graham, Senior Associate, Joseph Consalvi and Lawyer, Rachael Bass, have acted for The Patella Group on the purchase of the Civil Aviation Safety Authority’s (CASA) national operations headquarters at Brisbane Airport from the ASX-listed Garda Diversified Property Fund. 

The long-term leasehold acquisition involved navigation of the Federal Airports Legislation and procurement of statutory consents from the Federal Government (head lessor of the airport land) and the Brisbane Airport Corporation (lessee of the site and the sub-lessor of the sublease acquired by The Patella Group).

This latest acquisition by The Patella Group follows its acquisition of ‘Aviation House’ in Canberra from Mirvac in 2016. That building is also occupied by CASA and other Federal Government tenants.

The below article published in the AFR offer further information on the acquisition:
http://www.afr.com/real-estate/patella-pilots-23m-garda-diversified-purchase-20170605-gwkniz