American Tower's Singapore subsidiary is unloading a portfolio of land in AU and NZ
Norton Rose Fulbright (NRF) has helped the Singaporean subsidiary of American Tower to sell off a portfolio of land to Waveconn and Connexa.
The portfolios include ground interests at key mobile telecommunications infrastructure sites in Australia and New Zealand, such as land under mobile towers and building rooftops. Waveconn will get the Australian land, while Connexa picks up the New Zealand land.
The deal is set to complete later this year or early next year, pending the fulfilment of customary closing conditions and regulatory approvals.
The multidisciplinary NRF team led by partners Jeremy Wickens and Adrian Jones tackled all aspects of the deal, such as the drafting and negotiation of key transaction documents for the competitive process and a fulsome vendor legal due diligence process.
Wickens and Jones received support from partners Bernard O’Shea, Chris Patten, Alexandra Shields, and Martyn Taylor; special counsels Dietrich Marquardt, Hamish McCormack, Sally-Ann Rowland, and Rohan Sridhar; senior associates James Dickie and Sarah Gonski; associates Jack Abrehart, Wilson Au, Wes Hodgson, and Charles Smith; and graduate Krissy Bates.
American Tower Corporation is a major global real estate investment trust as well as an independent owner, operator, and developer of multi-tenant communications real estate.