Summary
- Clifford Chance has advised GPT Funds Management Limited on the acquisition of 50% interests in Sunshine Plaza and Macarthur Square for approximately A$1.2 billion.
- The acquisitions are part of Australia’s largest retail real estate transaction of 2026, with settlements now complete.
- This deal highlights the strong demand for high-quality retail assets among institutional investors, according to partner Philip Podzebenko.
- The transaction underscores Clifford Chance's growing presence in Australia's real estate sector, following recent significant deals.
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