In one of the largest real estate transactions of the year in Frankfurt, a real estate fund managed by Amundi Real Estate has acquired the office portion of the Frankfurt project "Grand Central" with office space of 52,000 square meters. International law firm Clifford Chance advised Amundi Real Estate on this transaction.
Kirkland & Ellis International LLP is advising KKR Special Situations and its portfolio company Selecta, on the pending acquisition of Gruppo Argenta, a leading vending and coffee service provider in Italy. The transaction was announced on September 29, 2017 and is expected to close in Q1 2018. Read more about the transaction here.
The Kirkland team, in London, was led by corporate partners Gavin Gordon and Aprajita Dhundia, debt finance partner Sam Norris, capital markets partner Matthew Merkle, and tax partner Dulcie Daly.
Dentons advised Ghelamco Poland on the sale of building B, part of the landmark Warsaw Spire office complex in Poland, to CA Immo, an Austrian office-focused property company. The transaction value is in excess of EU100 million.
Dentons has advised UK-based real estate investment company Aprirose Limited on its acquisition and the related financing of QHotels group from Bain Capital Credit and Canyon partners for £525 million, representing the largest hotel portfolio acquisition deal in the UK in 2017 so far.
The portfolio includes 26 four- and five-star regional hotels and golf courses across the UK, with a number of them located in cities including Manchester, Leeds and Glasgow. The hotels include the grade II-listed Midland Hotel in Manchester and The Queens Hotel in Leeds.
Dentons has advised UK-based real estate investment company Aprirose Limited on its acquisition and the related financing of QHotels group from Bain Capital Credit and Canyon partners for £525 million, representing the largest hotel portfolio acquisition deal in the UK in 2017 so far.
The portfolio includes 26 four- and five-star regional hotels and golf courses across the UK, with a number of them located in cities including Manchester, Leeds and Glasgow. The hotels include the grade II-listed Midland Hotel in Manchester and The Queens Hotel in Leeds.
Berwin Leighton Paisner (BLP) has advised Blackstone Real Estate Debt Strategies (BREDS) on providing a £323m loan to refinance existing debt, facilitate a corporate reorganisation and develop St Giles Circus, a cutting edge mixed-use project in the heart of London’s West End. The financing has been structured as separate senior and mezzanine facilities, to allow flexibility on syndication and leveraging.
Travers Smith LLP has advised long-standing client Safestore Holdings plc on its £56 million acquisition of Stork Self Storage (Holdings) Limited (trading as Alligator Self Storage) from a company controlled by funds managed or advised by York Capital Management.
Irwin Mitchell Advises On £50m Transaction
Edge Real Estate Property Investments has purchased the Huron portfolio as part of a multi-million pound deal.
Funded by ICG Longbow and advised on by Irwin Mitchell’s Real Estate and Corporate teams, the deal sees a portfolio comprising a mix of properties, including nine DW Fitness Health & Leisure clubs across the UK, change hands for £50m.
Ashurst advised Folsom HoldCo 4 S.à r.l., a holding company managed by private equity investor Kildare Partners (Kildare), on the sale of a real estate loan to Apollo Global Management (Apollo) and the Silverton Group (Silverton).
Kildare had taken over the loan in 2015 in the course of the acquisition of GE Capital Real Estate's German real estate portfolio.
Herbert Smith Freehills has advised M&G Real Estate Asia on two concurrent deals with AFIAA Foundation for International Real Estate Investments (AFIAA) involving A$300 million worth of Australian real estate assets.