HSF works as Chinese investor dips toes in Sydney residential development

by |
Herbert Smith Freehills (HSF) is acting as a Chinese construction giant continues with its first Australian residential development.

The global firm is advising China Overseas Australia, the local division of China Overseas Land and Investment (COLI). COLI is a subsidiary of the China State Construction Engineering Corporation, the world’s largest construction company by revenue and is 24th on the Fortune Global 500 list.

HSF is advising China Overseas Australia on the NEUE project at 137-143 Herring Road, Macquarie Park, Sydney. To be launched in the first half of this year, the project will have 285 residential units.

The HSF team is led by consultant John Wei and real estate partner Nicholas Cowie. They are supported by senior associate Japonica Sheridan and licensed conveyancer Lyn McSweeney.

“We are thrilled to be advising COLI on this project and we are grateful that COLI entrusts us to work with them on their first development in Australia. A growing number of Chinese real estate clients are turning to Herbert Smith Freehills for legal advice and support as they engage with the Australian market,” Wei said.

“The firm is currently advising Greenland Australia and Golden Horse Australia on a $1.6bn multi-staged development in Erskineville; Poly Real Estate on a portfolio of four developments across Sydney with a forecasted end value of $1.5bn; and was recently appointed to act for Shokai Ausbao on its staged, mixed-use development in Granville, Sydney,” he added.

Related stories:
Global firm tops Australian M&A legal adviser tables
Legal giant leads in US$4bn placement