DLA Piper has advised ASX-listed Mirvac Group on its acquisition of a major retail centre and marina in Sydney.

Birkenhead Point Shopping Centre, Drummoyne, and an adjoining car parking facility and marina, has been purchased by the group for a total consideration of AU$310 million. The asset was purchased from Abacus Property Group & Kirsh Group.

Birkenhead Point is a prime waterfront site on approximately 3.7 hectares, with a total gross lettable area of more than 33,100 square metres and car parking for 1,395 vehicles. The centre has a strong representation of well-performing national tenants including Coles and Aldi.

The DLA Piper team was led by partner and Australian Real Estate head Les Koltai, who was supported by a team including senior associates Astrid Beemster, Fabrice Lincoln, Bhavini Sundarjee and lawyer Eva Chapple.