Private capital has become the defining force in Australian real estate. Larger deals, more sophisticated capital structures and sustained institutional and offshore inflows have changed how real estate transactions are structured, negotiated and executed.
Mills Oakley’s dedicated Private Capital Real Estate team advises the sponsors, investors, developers and capital providers behind that activity. We support clients across the full investment lifecycle: raising capital, deploying it, protecting and enhancing value, and ultimately realising returns.
Every mandate is partner led combining real estate, corporate, M&A, private equity, tax, funds, regulatory and finance expertise. Clients work with a single, integrated team from the term sheet through to completion and beyond.
We advise across the entire capital stack and operate at the intersection of real estate equity and debt capital. We are trusted advisers who are typically engaged early, when the structuring, tax and capital decisions are the most consequential.
We advise on the full spectrum of private capital real estate transactions:
Acquisitions, disposals, single asset and portfolio transactions: direct and indirect asset acquisitions, corporate and unit trust transactions, portfolio deals and competitive processes.
Joint ventures, co-investment and club deals: sponsor-side and investor-side joint ventures, co-investment platforms, programmatic joint ventures, seed investments and separately managed accounts.
Developments, fund-throughs and forward funding: development structuring, fund-through and forward-funded arrangements, development management and project delivery vehicles.
Recapitalisations, restructures and M&A of operational real estate platforms and businesses: equity releases, capital restructures, opportunistic and special situations, distressed transactions, take-privates and real estate M&A involving operating platforms, corporate and trust structures.
Fund and investment structuring: managed investment trust (MIT) structures, fund and vehicle formation, cross-border and multi-tiered holding structures, and tax structuring for foreign and domestic capital.
Debt, equity and hybrid financing: senior debt, private credit, mezzanine, preferred equity, warrants, options, security and intercreditor arrangements.
Cross-border and regulatory: FIRB and foreign direct investment advice, merger control/anti-trust advice, cross-border transaction execution and inbound investment structuring, with particular focus on Asian, UK, European, Middle Eastern and North American institutional capital.