27 June 2019
Greenwoods has advised Scentre Group on its disposal of Sydney CBD office towers, to funds managed by Blackstone for $1.52 billion. Greenwoods provided income tax and GST advice on the transaction. Cameron Blackwood, Andrew Howe and Alice Deng acted for Scentre Group.
Scentre Group will now commence an $800 million buy-back of SCG securities, allowing it to strengthen its balance sheet and create significant value for securityholders.