Multinational law firm Pinsent Masons has advised global bank Sumitomo Mitsui Banking Corporation (SMBC) on the creation and recent financial close of a syndicated green and affordable housing development facility to finance the 50 Quay Street Build to Rent development in Brisbane’s CBD.
The facility will be used by specialty investment manager Cedar Pacific to build the scheme, which will see the construction of 475 apartments in the heart of Brisbane.
The Pinsent Masons team is being led by Banking and Finance Legal Director Melanie Hunter.
“We are very pleased to be working with SMBC and Cedar Pacific on this important transaction for the Brisbane market. This project will build a beautiful and sustainable community for a cross-sector of the residential market in the thriving Brisbane metropolis.”
Melanie Hunter, Banking and Finance Legal Director, Pinsent Mason
50 Quay Street is a collaboration with the Queensland Government and is part of the Government’s plan to build additional social and affordable housing across the state.
The matter has involved working with the Government in relation to the negotiation of a Financier Side Deed with the State Government.
