Skip to content

  • Home
  • Expertise
  • Client results
  • News & Insights
  • People
  • Our DNA
  • Inclusion and Diversity
  • Join us
  • Contact Us
Home / NEWS & INSIGHTS / News / LEPC9 buys historic Channel 9 site
News 27 September 2017

LEPC9 buys historic Channel 9 site

McCullough Robertson’s Sydney Planning and Environment, Real Estate and Finance teams have advised LEPC9 Pty Ltd on its purchase of Channel 9’s historic Sydney studios at Willoughby.

Planning and Environment Partner Patrick Holland led the collaborative team which included real estate Special Counsel Eva Vicic, finance Partner David Gilham and finance Special Counsel Katy Anderson.

LEPC9 bought the 3ha site, at Sydney’s upper north shore for $147.5 million and part funded the purchase price by way of a syndicated loan facility arranged by Deutsche Bank.

The site has concept plan approval to develop 400 residential apartments across eight towers. However, there is a proposal in place to modify the concept plan to increase the number of apartments to 496.

McCullough Robertson also advised LEPC9 in relation to planning issues associated with the redevelopment of the Channel 9 site and on the terms of the finance documents relating to the syndicated loan facility arranged by Deutsche Bank to assist in financing the acquisition of the site.

Mr Holland said the site is expected to generate strong interest from developers given its investment potential.

LEPC9 is a joint venture between Australian property fund Lotus Property Fund and Hong Kong-based fund managers Euro Properties, which have delivered multiple residential projects in Australia, North America and Hong Kong.

As the new landowner, LEPC9 recognises the opportunity to deliver better outcomes for the development of the site and has undertaken a design-led process to ensure these outcomes are achieved.

McCullough Robertson acts for property developers, contractors and mining companies throughout NSW as well as industry representative bodies, local and state government departments. Recent projects include the $1 billion Dalian Wanda Circular Quay development and the Eastlakes Shopping Centre redevelopment.


Get in touch

In addition to publishing regular newsletters and focus articles for our clients and contacts, our lawyers are frequently asked by mainstream and specialist media to comment on a range of topical issues and trends affecting the Australian legal industry and Australian business.

Please contact Kim Trajer on +61 7 3233 8994 or by email for further information.


About the authors

In other news

2022-23 Queensland Budget

24 June 2022Insight

2022 EOFY trust distributions: handle with care

22 June 2022Insight

QBCC head contractor licensing exemption confirmed as remaining in force

22 June 2022Insight

NSW significantly expands scope of stamp duty regime

14 June 2022Insight

VIEW ALL NEWS & INSIGHTS

BRISBANE

Level 11, 66 Eagle Street
Brisbane QLD 4000
GPO Box 1855
Brisbane QLD 4001
Tel +61 7 3233 8888
Fax +61 7 3229 9949

 

GET IN TOUCH

    Contact form

    We handle your personal information in accordance with our privacy policy.

    Please do not send us any confidential information. By submitting this form, you agree that our review of the information you submit will not create a lawyer-client relationship between you and our firm (or any lawyer in our firm) and it will not prevent us from representing a party in any matter where the information you submit is relevant, even if that information could be used against you.

    sydney

    Level 32, MLC Centre
    19 Martin Place
    Sydney NSW 2000
    GPO Box 462
    Sydney NSW 2001

    Tel +61 2 8241 5600
    Fax +61 2 8241 5699

     

    GET IN TOUCH

      Contact form


      We handle your personal information in accordance with our privacy policy.

      Please do not send us any confidential information. By submitting this form, you agree that our review of the information you submit will not create a lawyer-client relationship between you and our firm (or any lawyer in our firm) and it will not prevent us from representing a party in any matter where the information you submit is relevant, even if that information could be used against you.

      melbourne

      Level 27, 101 Collins Street
      Melbourne VIC 3000
      GPO Box 2924
      Melbourne VIC 3001

      Tel +61 3 9067 3100
      Fax +61 3 9067 3199

       

      GET IN TOUCH

        Contact form

        We handle your personal information in accordance with our privacy policy.

        Please do not send us any confidential information. By submitting this form, you agree that our review of the information you submit will not create a lawyer-client relationship between you and our firm (or any lawyer in our firm) and it will not prevent us from representing a party in any matter where the information you submit is relevant, even if that information could be used against you.

        follow us

        CLIENT LOGIN

        newcastle

        92 Young Street
        Carrington NSW 2294
        PO Box 394
        Newcastle NSW 2300

        Tel +61 2 4914 6900
        Fax +61 2 4914 6999

         

        GET IN TOUCH

          Contact form


          We handle your personal information in accordance with our privacy policy.

          Please do not send us any confidential information. By submitting this form, you agree that our review of the information you submit will not create a lawyer-client relationship between you and our firm (or any lawyer in our firm) and it will not prevent us from representing a party in any matter where the information you submit is relevant, even if that information could be used against you.

          canberra

          Level 9, 2 Phillip Law Street
          Canberra ACT 2601

          Tel +61 2 6243 3669
          Fax +61 2 8241 5699

           

          GET IN TOUCH

            Contact form


            We handle your personal information in accordance with our privacy policy.

            Please do not send us any confidential information. By submitting this form, you agree that our review of the information you submit will not create a lawyer-client relationship between you and our firm (or any lawyer in our firm) and it will not prevent us from representing a party in any matter where the information you submit is relevant, even if that information could be used against you.

            © 2017 McCullough Robertson. Site map Disclaimer Privacy Policy Statement of Business Ethics Credit Reporting Policy

            X