One transaction involves one of the biggest industrial property deals in the country for the year
Allens has advised Elanor Investors Group on a joint venture and Liontown Resources in a strategic partnership with LG Energy Solution.
The transaction involving Elanor involves one of the biggest industrial property deals in the country for the year as Elanor joins up with PGIM Real Estate and its initial acquisition, Allens said. The venture is looking to develop a logistics complex.
Upon completion, the development is projected to provide around 113,000 square metres of gross lettable area. According to lead partner Tim Chislett, Elanor is aiming to “take advantage of surging e-commerce in Australia”.
Chislett’s team provided guidance on all aspects of the joint venture negotiation and site acquisition. The other lawyers who worked on the deal are as follows:
Real estate and development
Funds, super and financial services
Another team from Allens worked with Liontown Resources (Liontown) in relation to its strategic partnership with Korea-based battery producer LG Energy Solution (LGES).
Under the deal, LGES is set to invest $379m (US$250m) in Liontown via five-year convertible notes and a 10-year extension of the current lithium spodumene concentrate offtake agreement agreed upon by the parties. Liontown and LGES also entered into a new downstream collaboration agreement to explore the establishment of an IRA-compliant lithium refinery. This refinery would process spodumene from Liontown's Kathleen Valley project, which is set to start production soon, into battery-grade lithium chemicals.
Partner Guy Alexander worked alongside partners Rod Aldus, Mark McAleer, Richard Malcolmson, Bryn Hardcastle, and Julian Donnan on the deal. They were assisted by senior associates Addison Ma and Alastair Henderson, counsel Dave Filov, and associates Nic Ruhbach and Megan Lee.
Allens also elevated 15 managing associates and 42 senior associates last Monday in its latest promotions round.
