DLA Piper has fielded a cross-border team to help a UK property giant list a notes program on the ASX.
The global firm advised Places for People Treasury, which listed its unlimited Australian-dollar medium-term notes program on the ASX and subsequently issued $150m as its first issuance.
Places for People Treasury is a wholly owned subsidiary of Places for People Group, a UK-headquartered property management, development, regeneration, and leisure company. It has more than 180,000 homes and assets in excess of £3bn.
National Australia Bank is the dealer and lead manager of the program. The notes issued under the program are guaranteed by the group’s subsidiaries.
DLA Piper fielded lawyers from different offices of the firm for the deal, said Martin Bartlam, who is the firm’s international head for finance and projects.
“The transaction involved our teams based in London, Hong Kong, Singapore, and Australia, enabling us to provide a seamless service to our client irrespective of time differences or geographies” he said.
DLA Piper’s London finance team was led by Bartlam, who was assisted by legal director Steven Krivinskas and associate Jenny Sugden. The firm’s Australian finance and corporate lawyers, including corporate partner David Ryan, head of finance and projects Onno Bakker, and senior associates Kelly Morrison and Rosa Sayer acted on the matter.
Related stories:
Firm acts on US tech company’s AU$50 million equity raising
Law giant launches pro bono partnership with South Pacific law school
.jpg)
