Legal DealFolio - Toga Group Joint Venture with Far East Orchard Limited

Leading international law firm Clifford Chance has advised Australia's Toga Group on a 50:50 joint venture in hotel management and ownership with Singapore's Far East Orchard Limited. The new joint venture will be a fully aligned and integrated hotel ownership and management platform that will leverage the combined capabilities of Toga and Far East Orchard in development, construction and hotel management. The joint venture will initially operate more than 6,800 apartments and hotel rooms in over 50 properties across Australia, New Zealand, Germany and Denmark. Under the terms of the joint venture, Far East Orchard has agreed to inject A$250 million into the joint venture, which has been earmarked for growth ambitions, either of hospitality related assets or hospitality management businesses. Partner Lance Sacks led the Clifford Chance team advising the Toga Group, assisted by senior associate Kane Barnett and associates Owen Thomas, Matthew Morris and Amanda Digby. All are based in Sydney. Singapore partner Raymond Tong assisted on Singapore regulatory issues.

Deal Date:	19-04-2013	Practice Area:	Corporate and M&A
Deal Title:	Toga Group Joint Venture with Far East Orchard Limited	Industry:	Travel & Leisure
Description:	Leading international law firm Clifford Chance has advised Australia's Toga Group on a 50:50 joint venture in hotel management and ownership with Singapore's Far East Orchard Limited. The new joint venture will be a fully aligned and integrated hotel ownership and management platform that will leverage the combined capabilities of Toga and Far East Orchard in development, construction and hotel management. The joint venture will initially operate more than 6,800 apartments and hotel rooms in over 50 properties across Australia, New Zealand, Germany and Denmark. Under the terms of the joint venture, Far East Orchard has agreed to inject A$250 million into the joint venture, which has been earmarked for growth ambitions, either of hospitality related assets or hospitality management businesses. Partner Lance Sacks led the Clifford Chance team advising the Toga Group, assisted by senior associate Kane Barnett and associates Owen Thomas, Matthew Morris and Amanda Digby. All are based in Sydney. Singapore partner Raymond Tong assisted on Singapore regulatory issues.
Financial Center:	Sydney	Value:	100.01-500.00
Advised Party:	Joint Venture Party	Law Firm	Clifford Chance
JV Party Jurisdiction	Singapore,Australia	JV Party Jurisdiction	Singapore
Classification:	Joint Ventures Continuing Business Partnership	Lawyer	Lance Sacks

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers