11 February 2020 Real Estate

SA Corporate Real Estate Ltd and AFHCO Holdings Pty Ltd

Cliffe Dekker Hofmeyr represented AFHCO Holdings Pty Ltd (AFHCO) in the establishment of a new joint venture company, AFHCO Consortium 2 Proprietary Limited held by AFHCO (60 per cent) and JR 209 Proprietary Limited (JR209) (40 percent) for the acquisition by the joint venture of residential units to be constructed and developed by JR 209 with funding from AFHCO. 

This transaction involved a suite of complex legal agreements, including a subscription & shareholders’ agreement; an MOI; an agreement of sale; guarantees and a facility agreement. These agreements were required to establish the joint venture and to integrate the commercially agreed terms into the legal documentation.The transaction involved complex tax, funding and competition issues, which were resolved by our experienced team.