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Tompkins Wake acts for Oyster Property Group Limited Tompkins Wake acts for Oyster Property Group Limited and Oyster Management Limited. In addition to providing legal advice to assist Oyster’s property management division, Tompkins Wake provides advice to Oyster and assists them in establishing Proportionate Ownership Schemes under the Securities Act (Real Property Proportionate Ownership Schemes) Exemption Notice 2002. Despite the recent difficulties in the financial markets, during the first quarter of 2009 Oyster established two Proportionate Ownership Schemes: first, to purchase a multi-level office block in Wellington; and, second to purchase two supermarkets. Tompkins Wake lawyers Scott Ratuki and Peter De Luca advised Oyster on all legal aspects related to these acquisitions. The investor capital, in aggregate, raised for both transactions was $24,000,000 and the total acquisition price for both transactions exceeded $40,000,000. Oyster has had an excellent track record in the property syndication sector over a long period of time and Tompkins Wake is proud to have been associated with the recent successes of this market leader.
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