King & Wood Mallesons (KWM) have advised ASX-listed SCA Property Group (SCP) on the acquisition of ten shopping centres across Australia, including a $262.4m fully underwritten institutional placement.
The acquisition takes SCP's portfolio to more than $3.1 billion, making it the largest convenience-based retail specialist in Australia.
The KWM deal team was led by Partners Chris Mitchell who advised on the acquisition portion of the transaction, and David Eliakim who advised on the institutional placement, supported by Senior Associates Shabarika Ajitkumar and Tristan Howes and solicitors Qin Bi and Gemma McMahon
Commenting on the deal Chris Mitchell said:
"KWM is pleased to assist SCA Property Group with this significant addition to their convenience-based retail portfolio. The acquisition was achieved in line with SCP's core strategy and goal of continued disciplined growth."
