De Brauw has advised NOVEC on a transaction regarding 75% of the shares in Open Tower Company.

Nature of transaction

GSK Stockmann comprehensively advised Barings Real Estate Advisers on the refinancing of the Vattenfall headquarters in Berlin.

Barings Real Estate Advisers and ING Bank successfully closed the refinancing of the Vattenfall headquarter in Berlin. The refinancing for the building with a size of 18,900 sqm Chausseestraße/ Zinnowitzer Straße amounts to approx. 47 mio. Euro and has been closed in September.

Barings Real Estate Advisers bought this building in Berlin-Mitte in May; the building is fully let to Vattenfall.

A cross-border team at Hogan Lovells advised a consortium comprising Macquarie's Infrastructure and Real Assets division ("MIRA") and Arran Investment Pte. Ltd. ("Arran"), an affiliate of GIC Pte. Ltd. on the acquisition of approximately 31.7 per cent of the total outstanding voting shares of Energy Development Corporation ("EDC") for approximately US$1.3 billion (the "Transaction").

EDC is a listed Philippine power company and the largest producer of geothermal energy in the Philippines.

The Firm has represented affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) on the sale of 61 million ordinary shares in Pets at Home Group Plc (“Pets at Home”). The secondary offering, which was effected pursuant to a block trade by way of an accelerated book build, raised gross sale proceeds of approximately £119 million.

The sale brings KKR’s aggregate shareholding in Pets at Home to approximately 12.4%, down from 24.6% following a block trade in June 2015.

International law firm Hogan Lovells has advised Banco do Brasil SA, one of the largest banks in Latin America, in issuing US$1 billion in senior debt through Euro Medium Term Note Program.

The bond has a term of 7 years and yield of 4.7% per year.

This issue represents the return of Brazilian majority state-owned financial institution Banco do Brasil to the international debt market after three years.

Irish house-building company Glenveagh Properties PLC completed its listing on the Irish Stock Exchange and the London Stock Exchange and formally commenced trading, raising gross proceeds of €500 million, the second-largest IPO on the Irish Stock Exchange this year. The company develops and builds homes in Ireland, principally in the Greater Dublin Area. Paul, Weiss worked, together with Slaughter and May and A&L Goodbody, as issuer’s counsel.

Simpson Thacher represented RESIDOMO, s.r.o., a Blackstone and Round Hill Capital portfolio company, in connection with a Rule 144A and Regulation S offering of €680 million in aggregate principal amount of its 3.375% Senior Secured Notes due 2024. RESIDOMO also entered into a CZK 520 million (approximately €20 million) super senior revolving credit facility agreement. The transaction closed on October 13, 2017.

Clifford Chance represented FibraHotel in its recent US$220 million follow-on equity offering. FibraHotel is the first Mexican REIT focused on the lodging industry and one of the largest hotel owners in Mexico.

The global offering was completed on the Mexican Stock Exchange and, internationally, under Rule 144A and Regulation S. The Firm similarly advised FibraHotel on its two prior equity offerings: an initial public offering in 2012 and its first follow-on offering in 2013.

Ashurst has advised Oxford Properties on its shareholder arrangements with Madison International Realty in relation to the acquisition of the Sony Centre in Berlin for c. €1.1bn from South Korea's National Pension Service.

The six-acre site includes the Bahn Tower and comprises office, retail and leisure space, as well as 67 residential units.  The deal marks Oxford Properties' first mixed-use acquisition in Germany and is part of the fund's aim to reach $5bn of assets under management in continental Europe by 2020.

Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of a part of Bremer Carrée.

Warburg-HIH Invest bought the commercial building in the German city of Bremen for its investment fund " Warburg-HIH Perspektive Einzelhandel: Fokus Geschäftshäuser". The owner and seller of the property is Allianz Lebensversicherungs-AG, which was represented by Allianz Real Estate Germany GmbH. The parties have agreed not to disclose the purchase price.