Gersh Investment Partners executive chairman, Joseph Gersh AM, has today welcomed the announcement by the ACCC that the proposed acquisition by Stockland and Supalai of 12 master planned communities from Lendlease (subject to a specific undertaking) is unlikely to cause serious competition concern.

Gersh Investment Partners is proud to have been Supalai’s exclusive advisor throughout the process of Lendlease’s master planned communities divestment process.

“The transaction is a major milestone in Supalai’s Australian business, potentially taking Supalai’s total investment in Australia to well in excess of $850m, across more than 25 projects with leading Australian residential real estate developers“, Mr Gersh said

“It is testament, in particular, to Supalai’s deep and trusted relationship with Stockland and its commitment to the Australian housing market in joint venture with credentialled Australian residential real estate developers “‌

“It is a credit to the vision of Supalai’s Chairman, Dr Prateep Tangmatitham”

The transaction is subject to FIRB and other required consents.