Herbert Smith Freehills has advised the successful bidder, NSW Ports Consortium, on the A$5.07 billion lease of Port Botany and Port Kembla from the New South Wales Government, the largest NSW Government transaction to date.

The NSW Ports Consortium won the 99-year lease of state-owned port assets following a six month competitive bid process. The assets will be leased at a cost of A$5.07 billion, with net proceeds of around A$4 billion to be invested in Restart NSW, the state government’s infrastructure fund.

DLA Piper acts for Cancer Research UK on lease for new research facilities

DLA Piper has acted for Cancer Research UK on a pro-bono basis on the lease of a new chemistry building at Babraham Research Campus, one of the leading centres for bioscience innovation in the UK.