Property Management Feb 2017: Mitsubishi Estate to Fund Circular Quay Tower with Lendlease and Ping An Real Estate

On 22nd December 2016, the major Australian property group Lendlease announced that construction of Sydney's tallest office building will be funded by Chinese financial conglomerate Ping An Real Estate and Japan's biggest property company, Mitsubishi Estate, after Lendlease secured their backing for the $1.5 billion Circular Quay Tower project.

Emerge Capital Partners has been involved in plans for this project since 2014, and is particularly proud to have been retained by Mitsubishi Estate as buyside financial advisor on the transaction.  Emerge Capital Partners have been centrally involved in managing the capital partner process and seeing the joint venture negotiations through to financial close.

Source: Property Management 2017 Feb

Source: Property Management 2017 Feb