Freehills is acting for Lend Lease on the $2.5 billion redevelopment of Brisbane’s iconic RNA Showgrounds, one of the state’s largest urban renewal projects.
The Freehills’ team was led by partner Christopher Blue supported by 19 lawyers from across the practice.
‘This project will safeguard the RNA Showgrounds for future generations and will rejuvenate the site to create an exciting cultural and social destination,’ Blue said.
The Royal National Agricultural and Industrial Association of Queensland (RNA) appointed Lend Lease as its Preferred Development Partner in May 2009. The redevelopment will inject billions of dollars into the Queensland economy and create approximately 2,000 jobs per annum over the development life of the project.
Stage One of the redevelopment will incorporate a major upgrade and replacements of current obsolete facilities, and will also include a substantial investment by Lend Lease in infrastructure, public domain and commercial, retail and residential uses in conjunction with developing part of the 22 hectares for an inner-city mixed-use development.
Freehills is assisting the developer, Lend Lease to negotiate transaction documents and provide detailed structuring and tenure advice regarding the redevelopment of the RNA site.
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