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Ashurst advises Sydney Metro on the Waterloo Metro Quarter

International law firm Ashurst has advised Sydney Metro on their contracts with the John Holland and Mirvac joint venture on the new Waterloo Metro Quarter integrated station development.

The development will revitalise the area and better connect the community, and is made up of five building envelopes above and adjacent to the new Waterloo metro station.

Ashurst advised Sydney Metro on both the station and precinct development contracts.

Lead partner Olivia Lau commented: “Ashurst is delighted to have advised Sydney Metro on the Waterloo Metro Quarter, a project that will revitalise Waterloo and connect local communities. We are very proud to be involved in such a transformational project.”

Olivia was assisted by partner Alex Guy, counsel Melinda Harris, Ben Kipic and Sarah Southall, senior associates Susannah Lace and Andrew Higgins, and lawyers Codie Gippel, Marya Atmeh, Rhiannon Evans, Lachlan Mack, Cameron Griffiths, Joshua Lee, Chloe Kwon and Joyce Teng.

Lawyers from the firm’s tax, dispute resolution, environment and planning, and corporate teams also advised.

Allens advises on Ravenhall Prison Project refinancing

Allens has advised The GEO Consortium on their successful refinancing of the Ravenhall Prison Public-Private Partnership (PPP), by way of a long-term US Private Placement.

The Ravenhall Prison Project was designed and built and is being maintained and operated by the GEO Consortium under a public private partnership arrangement involving The GEO Group Australia, Capella Capital, GEO Care, Honeywell, John Holland and Forensicare, among others.

Allens has advised the GEO Consortium throughout the lifecycle of the Project, since the original bid for the development of the asset in 2013.

Work on the original transaction saw Allens recognised at the 2014 and 2018 Infrastructure Partnerships Australia Awards, winning the ‘Advisory Excellence’ and ‘Project of the Year’ categories, respectively.

‘While the transaction continues a trend for operating PPP projects accessing the US private placement market for longer term debt funding, it’s the first custodial prison in Australia to access that market,’ said Partner and Head of Project Finance, Michael Ryan.

‘The Ravenhall Prison Project is a great example of our team’s ability to service our clients as their needs evolve over the entire life of a project,’ added Partner and Head of Infrastructure, David Donnelly.

‘We’ve been there from Day 1 – through the bid, construction and commissioning phases and now as the project transitions to steady a state of operation with an accompanying long-term debt solution,’ David concluded.