Hamilton Locke is acting for diversified investment house Mayfair 101 on its acquisition of Dunk Island and related corporate assets from the Bond family. Located in Far North Queensland off Mission Beach, Dunk Island was once the jewel of Queensland’s tourism crown but has lain in ruins since being impacted by Cyclone Yasi in 2011 after being previously hit by Cyclone Larry in 2006.
In addition to the purchase of Dunk Island, Mayfair 101 has purchased up to 200 properties in Mission Beach as part of a broader play by the house to revitalise the Cassowary Coast and turn the region into Australia’s tourism mecca.
Hamilton Locke advised on all aspects of the deal utilizing a broad cross-practice team consisting of experts in property, corporate, finance and funds.
The team at Hamilton Locke was led by corporate partner Brent Delaney and head of property John Frangi, with the core team consisting of Senior Associates Chafeka Elias and Abigail Cowled, lawyer Stephen Vrettos and paralegals Bobby Nader and Stefan Livingston, with further support provided by Senior Associates Joshua Bell and Lauren Cloete.
Commenting on the transaction, Brent Delaney said: “We are extremely proud to be assisting Mayfair 101 to implement their visionary strategy to revitalize tourism in Far North Queensland. This deal allowed us at Hamilton Locke to demonstrate our integrated, multi-practice group approach to complex transactions as a means of delivering superior outcomes for our clients.”
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