Shoosmiths has advised development client Frontier Estates Limited on the first of what could be a number of multi-million pound property deals to ensure the development of a number of much-needed care homes.
Bond Dickinson has advised its client Akelius, a global leader in real estate and residential property, on the acquisition of a major portfolio in London.
The acquisition relates to the purchase of 19 blocks comprising 395 apartments for an agreed price of over £73 million.
Led by Real Estate Partner Nigel Emmerson and Managing Associate Emma Garfit, the transaction involved a large team of 20 lawyers who advised on all aspects of the purchase providing planning, taxation and corporate legal expertise.
DLA Piper has advised the asset manager Schroder Real Estate on the acquisition of a Hornbach store in the south of Braunschweig. The purchase price within the framework of a share deal amounted to €30 euros. The seller of the property is M7 Real Estate (M7).
Advised by King & Wood Mallesons (KWM), the GSUM First Seafront- Poly Real Estate Rental Housing No.1 Asset-backed Specific Plan (the “ABSP”) and series 1 of the ABSP were approved by Shanghai Stock Exchange. With registered general offering size of RMB 5 billion, the ABSP is sponsored by Poly Real Estate Group Co., Ltd. (Poly Real Estate). The launch of the ABSP opens up the exit channel for rental housing developers via REITs and establishes an integrated closed-loop business model for rental housing.
King & Wood Mallesons (“KWM") represented All-Stars Investment Cayman Limited in its investment in Tujia.Com International (“Tujia”)’s series E financing, with the total fund raised by Tujia of approximately US$300 million. This round of financing is Tujia’s first round of financing for its online business ever since the split of Tujia’s online and offline businesses.
The market leading District Energy team at Bevan Brittan LLP have been appointed by the Master Developer, BXS LP to advise on all the utilities and district energy aspects of the Brent Cross South redevelopment in North West London.
A subsidiary of the Dutch company MERA Real Estate B.V. has sold the Gertrudiscenter in Bochum to ILG Capital GmbH, headquartered in Munich. ILG is acquiring the shopping centre for its open-ended special AIF "ILG Einkaufen Deutschland I". The vendor was advised by Clifford Chance.
International legal practice Osborne Clarke has advised the management team at Reapit, the largest CRM and client accounting software provider to the UK residential real estate sector, on its investment partnership with Accel-KKR, a leading global technology-focused investment firm.
Trowers & Hamlins has advised long-standing client Apache Capital Partners (Apache Capital), on their joint venture deal with retirement housing company, Audley Group. The deal will see the development of a 13,750 sqm retirement village on Nightingale Lane, overlooking Clapham Common, London. The scheme has a gross development value of £125 million.
Apache Capital had already secured planning permission for the site it describes as bring a luxury retirement village, and they have joined with Audley to build the homes.
White & Case LLP has advised companies from the Ghelamco group on the financing of up to EU221 million and PLN 45 million (a total amount of approximately PLN 1 billion), from a consortium of financial institutions including Bank Zachodni WBK S.A., PKO BP S.A., Bank Pekao S.A., Bank BGZ Paribas S.A. and Raiffeisen Bank Polska S.A., that will be used to construct an office-services-hotel complex called 'The Warsaw Hub'.