Stuart Dixon-Smith

Stuart Dixon-Smith

Stuart Dixon-Smith is a Partner in our Sydney office and is Head of Real Estate for the Australian firm. 

Stuart specialises in property development and property finance law, acting for developers or lenders on the construction, financing and development of major properties and infrastructure projects.

Stuart generally acts as coordinating partner in major transactions. Consequently he has developed broad legal and non-legal skills. His legal skills cover property acquisitions and sales, leasing, planning, subdivision, construction, banking and finance, stamp duty, property related taxation, public property trusts, listings, and debt issues. Non-legal skills include business finance, financial budgeting and modelling, transaction structuring, database information management, computer systems, negotiation skills and management of large property transactions.

Stuart also has particular experience of complex residential developments, hotels, tourism, public/private sector infrastructure and hospitals.

Stuart is consistently nominated as one of the world’s best lawyers in Real Estate by Chambers Asia Pacific, Legal 500 Asia Pacific and Best Lawyers. In the 2015 edition of Chambers Asia Pacific, clients note that "He is exceedingly clever and uses his encyclopaedic knowledge of property law to apply concepts in clever ways to solve problems. He is also fabulous in tough negotiations”. Stuart has also been nominated as a leading practitioner in Euromoney’s Construction and Real Estate Expert Guide.

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Recent Matters

  • Canadian Pension Plan Investment Board A$436M equity investment in AMP Capital Retail Trust - the part owner of two of Australia's premier shopping centres (Macquarie Centre in Sydney and Pacific Fair Shopping Centre on the Gold Coast)
  • Large lease transactions: WA Govt at Old Treasury, Perth. Suncorp at 259 George Street; renegotiation of Nuance Group duty free lease at Sydney Airport; CBA at Sydney, Parramatta and Sydney Olympic Park; KPMG at King Street Wharf and Barangaroo; PwC at Freshwater, NSW Police at Parramatta.
  • Leasehold title transactions: Acting on leasehold title transactions involving Barangaroo Development Authority; Sydney Harbour Foreshore Authority; NSW Maritime; Sydney Harbour Federation Trust; Sydney Olympic Authority.
  • Property projects and developments: Old Treasury redevelopment, Perth; Barangaroo development, Sydney; Freshwater, Southbank Melbourne; Bennelong Point, Sydney; Chatswood Station redevelopment, Sydney; Commonwealth Bank office portfolio in Sydney, Parramatta and Sydney Olympic Park; Balmain Shores; Manly Peninsula; the Excelsior; Observatory Tower; No 1 O'Connell Street; Sydney Westin Hotel; Park Hyatt Hotel; Ritz Carlton Hotel; redevelopment Mt Druitt Markettown; Redevelopment Carousel Shopping Centre, Perth; development of St George Private Hospital.
  • Infrastructure Financing: Sydney Desalination Plant refinancing; Royal North Shore Hospital redevelopment; New Police Department Headquarters, Parramatta; Cross City Tunnel; M2, M4, M5 Motorways and Sydney Harbour Tunnel; Sydney District Courts Complex; Hawkesbury Hospital; North Shore Private Hospital.
  • Property purchases, sales, & IPOs: Disposal of MEPC property portfolio; Governor Phillip & Macquarie Tower site purchase; Chairman due diligence committee, Australand Holdings Limited IPO; sale of Capital Property Management and controlling interest in Capital Property Trust; sale of Hilton Hotel, Sydney; sale of Australian Housing and Land Business by Hooker Corp liquidator; purchase of Mt Druitt Marketown; Sale No 1 O'Connell Street; purchase of Ritz Carlton Hotel; purchase and sale Park Hyatt Hotel.
  • Car Parking Infrastructure Projects: Liverpool Hospital; Sydney Eye Hospital; North Shore Private Hospital, North Shore Public Hospital.

Experience

  • 2012 - present: Partner, King & Wood Mallesons,
  • 1982: Bachelor of Laws and Commerce degrees, University of New South Wales
  • 1983: Solicitor, property section, Mallesons Stephen Jaques, Sydney
  • 1985: Seconded, Linklaters & Paines, London - working in international finance, particularly in Eurobond issues and international share issues and listings
  • 1987: Solicitor, Mallesons Stephen Jaques, Sydney - resuming property practice concentrating on financing aspects of property transactions
  • 1989 - 2012: Partner, Mallesons Stephen Jaques, Sydney, concentrating on infrastructure and property development projects
  • 1997 - 1999: Section Head, Mallesons Stephen Jaques Sydney Property and Construction Practice group.

Location

Legal insights

While debt from Australian banks remains the primary source of finance, investors are increasingly diversifying their capital base by incorporating mezzanine finance and debt from foreign banks.

06 July 2017

Most trusts investing in real estate are “managed investment schemes” (MIS) under the Corporations Act 2001 (Cth). Find out more about the registration, regulation and changes to schemes.

26 March 2017

Investments in Australian real estate can be made either through a direct acquisition or indirectly by acquiring ownership of a corporate or trust structure.

06 March 2017

If enacted, the new legislation will make significant changes to the administration of a strata scheme and the carrying out of strata development.

12 August 2015