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Randall Gerkens

Partner
+61.3.9640.4471
Fax +61.3.9205.2055

Mr. Gerkens has led some of Australia's largest commercial property transactions, including the largest commercial office lease pre-commitment/redevelopment and largest one line Corporate Real Estate Transaction in Australia.

He has also acted as lead advisor to the developers of some of the largest precincts at Docklands in Melbourne.

Mr. Gerkens specialties are with commercial property transactions, major office accommodation projects, development and construction projects, property funds management, title structuring and planning and land use issues and agedcare/retirement living assets.

Achievements

  • Chambers Asia Pacific: Recognised as a leading lawyer in Real Estate (2011-2019)
  • Asia Pacific Legal 500: Recognised as leading individual in Real Estate (2018)
  • Australia's Best Lawyers: As voted by peers as one of Australia's best lawyers for Real Property Law (2013-2018)

Professional/Civic Activities

  • Property Council of Australia member
  • Property Industry Foundation member
  • Law Institute of Victoria member

Speaking Engagements

Key speaker at numerous industry focussed Client events
Real Estate Development 
  •  Acting on Mirvac’s key acquisitions and development projects including Yarra’s Edge at Docklands, Harcrest at Wantirna, Waverley Park, Laureate at Albert Park, 664 Collins Street, Melbourne, Rockbank, Enclave at Ascot Vale and the Dallas Brooks Hall Site in East Melbourne. (prior to K&L Gates)
  • Advising on Mirvac’s joint venture with Jayaland (Victorian Investments and Property) for the development of the 800 hectare site at Rockbank (Now Rocklea). (prior to K&L Gates)
  • Advised on Mirvac’s project delivery arrangements with Places Victoria for the Yarra’s Edge Precinct at Docklands. (prior to K&L Gates)
  • Advised on Mirvac’s structured acquisition of a 50% interest in the joint venture with Gresham for the development of Enclave at Ascot Vale. (prior to K&L Gates) 
  • Advised on Mirvac’s development services/project delivery agreement for the joint development with Freemasons Victoria of the iconic Dallas Brooks Hall site in East Melbourne. (prior to K&L Gates)
  • Acted on the acquisition of the development rights above rail infrastructure adjacent to Southern Cross Station for office development and on the development of the site. Negotiated access for occupations of the rail infrastructure for development purposes with PTV and state government agencies and rail franchisees. (prior to K&L Gates)
  • Acting for Schiavello Group and Saraceno Group (JV) on the AU$650 million development of M-City, Clayton, Victoria – a major mixed use residential, retail, office and hotel project which is the largest mixed use project in Victoria outside the Melbourne CBD. (prior to K&L Gates)
  • Providing advice to the Schiavello Group/Crown Resorts JV concerning the One Queensbridge Project – a $1.7 billion mixed use development of One Queensbridge Street, Southbank. (prior to K&L Gates)
  • Acting on the One Barangaroo development in Sydney – a $1.7 billion mixed use development adjacent to the Sydney CBD incorporating a casino, retail, apartments and hotel components on one of the most iconic sites on Sydney Harbour. (prior to K&L Gates)
  • Acting on the arrangements relating to the sale of airspace/development rights above the Parliament Station at 87 Spring Street, Melbourne the adjoining development and the redevelopment of the Parliament Station forecourt and entry including detailed consideration of the interaction of the development with the underground loop rail infrastructure. (prior to K&L Gates)
  • Drafted and negotiated the project delivery agreement for the Hampton Station Precinct Enhancement Project. (prior to K&L Gates)
  • Acted on the collaboration/JV agreement between VicTrack and the Department of Human Services as joint project sponsors for the Hampton Station Precinct Enhancement Project. (prior to K&L Gates)
  • Advised on arrangements for the development of the Aurora development adjacent to the Melbourne Central underground railway station and the interconnection of the development with the station and rail infrastructure. (prior to K&L Gates)
  • Acting on the highly sensitive Markham Estate (Ashburton) redevelopment and the major Public Housing Renewal Project (ongoing) – involving a market based process to procure the redevelopment of up to 11 large public housing sites for a mix of renewed public housing and private housing. (prior to K&L Gates)
  • Acted for ING in relation to its $1.5 billion development of the Waterfront City precinct at Docklands. This included strategic advice on its development agreement with VicUrban, project structuring and transactions relating to the Costco Wholesale Warehouse and the National lce Sports Centre. (prior to K&L Gates).

Property Acquisitions and Disposals

  • Acted on the sale of Telstra's Office Portfolio including the tender process and disposition to lnvesta Property Trust for $570 million. Largest one line corporate real estate transaction in Australia. (prior to K&L Gates).
  • Acting for the Mirvac Group in relation to a range of acquisitions including Yarra’s Edge at Docklands, Harcrest at Wantirna, Waverley Park, Laureate at Albert Park, 664 Collins Street, Melbourne and Rockbank. (prior to K&L Gates).

Major office accommodation projects and leasing

  • Acted for Telstra in relation to the largest property lease pre-commitment/development agreement in the history of Australian commercial property transactions involving three strategic CBD locations (242 Exhibition Street in Melbourne and 310 Pitt Street and 231 Elizabeth Street in Sydney) comprising more than 115,000 square metres of office space including structuring for complete base building and fitout upgrades of all three sites. (prior to K&L Gates)
  • Acting on the negotiation of Telstra’s head office lease for 242 Exhibition Street, Melbourne (circa 63,000 square metres plus), with a rental of several hundred AU$ million over the term and incentives for fit-out and base building improvements of over AU$100 million. This is the largest office pre-commitment in the Melbourne central business district (and most likely nationally). (prior to K&L Gates)
  • Acting on securing major office accommodation for Telstra in Perth (circa 10,000 square metres) through arrangements with Charter Hall at the Workzone development and subleases from BHP at Brookfield Tower. This is one of the largest office pre-commitments in the Perth central business district. (prior to K&L Gates)
  • Acting for Telstra in the negotiation of an agreement for lease/development agreement for its Sydney headquarters at 400 George Street, Sydney (in excess of 30,000 square metres of A Grade office space). (prior to K&L Gates)
  • Acting on the partial divestment of a range of strategically-located former Telstra network sites suitable for infill development. Telstra has identified a range of sites nationally which (either wholly or in part) are suitable for development. Our role has been to assist Telstra in value capture from the disposal of the sites, including ensuring Telstra shares in the value uplift resulting from development approvals being obtained. (prior to K&L Gates)
  • Acting on major office accommodation projects including the complete base building and fitout upgrade of Telstra’s most strategic sites in Adelaide, Hobart and Perth (usually exceeding 10,000m2 in size) including, transaction structuring and procurement. (prior to K&L Gates)
  • Acted for Telstra on the proposed Clayton Office Consolidation Project (the largest suburban office construction project in Melbourne for nearly 20 years) involving development of approximately 42,000m2.

Health, Aged Care and Retirement Living / Affordable Housing

  • Acted on the sale of aged care business and retirement living assets to Opal and ongoing partnership arrangements. (prior to K&L Gates)
  • Acted on the bid for the Embracia portfolio of aged care/retirement living assets. (prior to K&L Gates)
  • Acting on the highly sensitive Markham Estate (Ashburton) redevelopment and the major Public Housing Renewal Project (ongoing) – involving a market based process to procure the redevelopment of up to 11 large public housing sites for a mix of renewed public housing and private housing.