In terms of the overall Opera development, Holmes facilitated a strategic workshop at the master planning stage which involved collaboration with and input from both legal and nonlegal advisors including procurement, insurance, engineering and finance. The One Opera Square project was one of a number of significant projects generated from that workshop. Once this project was operational, we held weekly all-party calls to keep track of the various aspects of the transaction, with completion checklists being maintained and updated and timelines set for all relevant streams of due diligence to ensure the transaction progressed as smoothly as possible. How will One Opera Square be developed to meet sustainability standards? Sustainability will be at the heart of Opera Square’s design and build, with the project developed to the highest international sustainability standard by achieving LEED Platinum accreditation as well as achieving a ‘Nearly Zero Energy Building’ (nZEB) rating and WiredScore. LEED-certified buildings have the highest energy efficiency, lower carbon emissions and create healthier places for people to work and live. They are a critical part of Please tell us more about the role played by yourself and your team in advising LTT on the joint venture. Holmes advised LTT on all aspects of this JV Partnership with ISIF. Led by myself and Lisa Killeen, our multi-disciplinary team collaborated with our colleagues across our commercial real estate, banking & finance, corporate and construction teams to deliver this project for LTT. As with any project of this nature, part of Holmes’ role involved liaising and coordinating the delivery of services with LTT’s non-legal advisors including tax advisors, insurance, architects and other construction professionals. When it comes to large property investments and collaborative ventures like this, what are the most important operational aspects to keep in mind? As with all large property investments and collaborative ventures, there are a number of stakeholders involved. It is important to keep the lines of communications open at all times and to make sure that all parties’ perspectives are understood. Lawyer Monthly had the pleasure to speak with Sandra Egan, Real Estate Partner at Holmes to give us some further insight into this transaction: It is important to keep the lines of communications open at all times and to make sure that all parties’ perspectives are understood.
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