G+T has acted for global technical services giant Jacobs Engineering Group on its Australian headquarters lease at 452 Flinders Street, Melbourne.
US-based engineering, architecture, technology and construction consulting firm Jacobs Engineering Group has entered into a new lease at 452 Flinders Street, Melbourne, leasing more than 9,300 square metres of A Grade office space from landlord Dexus Property Group.
G+T was able to bring to the transaction a deep understanding of both the business requirements and commercial needs of Jacobs, as well as extensive experience acting on Australian headquarter leases for major international and Australian based companies. This allowed G+T to successfully negotiate several complex problems and facilitate deal closing within the required timeframe.
The G+T team was led by Real Estate + Projects partner Steven Mackay and lawyer Isabelle Wong. Steven Mackay commented, “We are delighted to have assisted Jacobs on this significant Australian headquarters leasing transaction which utilised our in-depth expertise in major tenant leasing as well as our detailed understanding of our client’s commercial objectives and business needs”.
G+T also advised Jacobs Engineering Group Inc. on Australian legal aspects in respect of the sale of its Energy, Chemicals and Resources division to WorleyParsons Limited for $4.6 billion. Lawyers Isabelle Wong and Adam Brieger assisted on the real estate aspects of the cross-border deal, working seamlessly with G+T’s Corporate Advisory team headed by partners Neil Pathak and Adam D’Andreti. The team worked closely with New York’s Fried Frank, which acted for Jacobs in the US.
About Gilbert + Tobin
Gilbert + Tobin’s Real Estate and Projects group advise on all aspects of commercial, industrial and retail leasing for both landlords and tenants and carry out leasing due diligence on a wide range of corporate transactions including retail, industrial and commercial leases, telecommunication leases and data centre leases. We act for several large corporate tenants on their property portfolios and important property developments with developers. We act on matters across Australia offering clients the efficiency of a single point of contact for national projects, setting us apart from our competitors.