Summary of Win
Special Counsel Andrea Hetherington and Principal Mark Woolley of McInnes Wilson Lawyers' Commercial team acted for the State Lessee of Lindeman Island throughout the recent sale of the Island.
About Lindeman Island
The sale of Lindeman Island was completed on 26 June 2023.
Lindeman Island is the most southerly of the Whitsunday Islands, off the coast from Airlie Beach.
Comprising a resort and national park, Lindeman Island's resort has remained closed since 31 January 2012, when it endured substantial storm damage from Cyclone Yasi. The buyer expects to redevelop the resort.
Work provided by mCW
McInnes Wilson Lawyers advised the client in all aspects of the sale transaction, including:
- Disclosure of due diligence material;
- Drafted a bespoke sale contract for the unique property;
- Negotiated and amended the sale contract;
- Assignment of agreements with the Queensland State Government in respect of management of the Island, and assignment of environmental authorities and approvals;
- Completion of the transaction; and
- All post-completion matters.
You can find more information about McInnes Wilson Lawyers Commercial team and their experience here or contact one of our team members here.
Special Counsel
Managing Principal