Mahoneys recently acted on the sale of the Aegean Apartments management rights to a consortium of management rights investors. Located in the heart of the Gold Coast, the sale involved the sale of significant interest in the caretaking and letting rights to the 126 unit holiday complex. In an interesting development, our long term client retained a small interest in the management rights by taking a stake in the consortium as part of the sale transaction – meaning our client can continue to receive an income from the business without having to be involved in the day-to-day management of the complex. This sale adds to the very large number of management rights transactions Mahoneys has completed this year – reinforcing Mahoneys position as the leading management rights law firm.

Written by Mahoneys

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