Bremer Kreditbank AG (BKB) acquires Wustenrot Bank AG Pfandbriefbank from Wustenrot & Wurttembergische AG (W & W). The international law firm Clifford Chance has once again given BKB legal advice on the acquisition and drafting of an extensive sales cooperation agreement with W & W.
Thanks to the agreed comprehensive cooperation, financial products will in future be supplied reciprocally and the sales power of both banks will be further increased. The Wustenrot Bank, with around 110 jobs, has a balance sheet total of currently around 1.5 billion euros.

Union Investment Real Estate announced the acquisition, on behalf of its open-ended institutional fund UniInstitutional European Real Estate, of the Euro Alsace office building, located in the 10th district of Paris. The building was acquired from Commerz Real, which had owned it since 2007 through its closed-ended fund CFB 165.
Built at the end of the 19th century and renovated in 2007, the Euro Alsace building has a surface area of 16,000 m² spread over six floors. It is leased in full to SNCF.

DLA Piper has advised Goldman Sachs in relation to a bridging loan to Feyenoord Rotterdam to assist with the development of its new 63,000 seat football stadium.

The DLA Piper team was led by London-based Finance and Projects partner Paul Gray, together with associate Lewis Gaut and senior associate Tim Nolan. They were supported by the Finance and Projects team in Amsterdam led by partners Lex Oosterling and Gerard Kneppers, together with associates Benno Leemans and Sven van der Meer.

InterGen announced today the financial close of credit facilities for its 300-megawatt natural gas-fired Spalding Energy Expansion project in Spalding, Lincolnshire, England. Linklaters advised Santander and Nord LB for the limited recourse financing for the project.

The £100 million project has a 15-year capacity agreement following a successful bid in the Government’’s December 2016 capacity auction. The project is the first and, to date, only large scale, thermal project to secure limited recourse financing based on the 15-year capacity agreement.

King & Spalding represented a major international investment bank as the sole structuring advisor and as the representative of the initial purchasers in the purchase of $500 million of Series 2018-1-Secured Tower Revenue Securities, Subclass A issued by American Tower Trust I.  The privately-placed notes are collateralized by a loan to two special-purpose subsidiaries that is secured primarily by mortgages on their interests in over 5,000 communications sites.

Clifford Chance has collaborated with Thai law firm Chandler MHM to advise Bangkok Bank PCL, Export-Import Bank of Thailand, The Siam Commercial Bank PCL, and TISCO Bank PCL, on the financing of the US$1 billion Nam Theun 1 hydroelectric power project on the Nam Kading river in Laos. The key project sponsors were the Phonesack Group. Co. Ltd. and Electricity Generating Public Company Limited (EGCO).

Davis Polk advised the placing agents in connection with the sale of 189,978,300 shares of Tencent Holdings Limited by a subsidiary of Naspers Limited for a total consideration of approximately $9.8 billion.

Tencent is an investment holding company involved in the provision of social media products Weixin and QQ, online advertising services and infrastructure services including payment, security, cloud and artificial intelligence. Tencent’s shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited.

Simpson Thacher, acting as sole international counsel, represented BNP Paribas, Commerzbank Aktiengesellschaft, Credit Suisse (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International, LLC Seoul Branch, Mizuho Securities Asia Limited, Shinhan Asia Limited and Shinhan Investment Corp., as joint lead managers in connection with the offering of US$400 million of 4.5% Tier II Subordinated Notes due 2028 by Shinhan Bank under its US$6 billion Global Medium Term Note program. The offering was conducted in reliance upon Regulation S under the U.S.

Frankfurt/Main – Frankfurt-based Bethmann Bank is set to become the anchor tenant in Frankfurt’s Marienforum, occupying some 8,000 square metres of office space. The bank, which is part of the Dutch ABN AMRO group, will relocate to the new premises in the first quarter of 2019. The private bank is thus leaving its existing Bethmannhof headquarters after more than 250 years. The landlord is developer Pecan Development, acting on behalf of Perella Weinberg Real Estate Fund II LP. The lease has a ten-year term.

MinterEllison has advised Northill Capital LLP (Northill) on the acquisition of international operations from Westpac Banking Corporation's subsidiary Hastings Management Pty Limited (Hastings).

Hastings is an infrastructure-assets business with funds under management of approximately $14.3 billion from more than 75 institutional investors. The businesses manage a portfolio of infrastructure debt and equity assets across the US, UK, Europe and Australia for a number of leading global institutional investors.