The first ever preliminary ruling on a question relating to the Merger Regulation has been issued: in its judgment of 7 September 2017, the Court of Justice of the European Union (CJEU) fully accepts the legal view taken by STRABAG (Austria Asphalt), which was represented by CHSH. The judgment concerns a fundamental issue that goes to the very heart of European merger legislation and was highly anticipated.
Advisors to Altarea-Codegim and Crédit Agricole as landlords in connection with the execution with Orange of a lease in a state of future completion for a firm duration of 12 years, of the “Bridge” real estate complex, developing over 56,000 sq.m, located in Issy-les-Moulineaux and which shall constitute Orange’s future headquarter.
CMS has advised SEGRO, owner of SEGRO Logistics Park Stryków, on the lease of 30 000 sq.m. of warehouse space.
SEGRO Logistics Park Stryków, offering modern warehouse and production space, is located in the immediate vicinity of the junction of Poland’s two pivotal motorways – A1 (North-South) and A2 (East-West). Completed in 2006, the facility currently totals 200 000 sq.m. and could be expanded to 400 000 sq.m.
Dentons has advised Taylor Wimpey, one of the largest British-based housebuilding companies, on its £193.5 million acquisition of Royal Mail's Mount Pleasant site in central London.
Planning consent for the site was secured in March 2015 allowing for the development of 681 residential units, including 163 affordable housing units. The development will also include 23,000 sq ft of retail and leisure uses, other community facilities and public areas on the 6.25-acre site. Royal Mail has retained its operational facilities at Mount Pleasant.
Travers Smith LLP has advised longstanding client ZPG plc on its up to £140 million acquisition of financial services price comparison business Money, the operator of the money.co.uk website.
ZPG owns and operates some of the UK’s most well-known property and household-related digital brands including Zoopla, uSwitch, PrimeLocation and Hometrack.
DLA Piper has advised a joint venture of Mitiska REIM and Luxembourg Investment Group on the acquisition of a retail park in Mönchengladbach. It is the first acquisition for Mitiska Reim in Germany. In addition to being a co-investment partner, the Luxembourg Investment Group will be responsible for the value-added renovation and enhancing returns through active asset management.
DLA Piper has acted on the listing by Places for People Treasury plc of its unlimited AU$ MTN Programme on the Australian Securities Exchange and first issuance of AU$150 million of notes thereunder.
Places for People Treasury plc is a wholly owned subsidiary of the Group parent, Places for People Group Limited. The Group is a leading property management, development, regeneration and leisure group. The Group owns or manages more than 150,000 properties and provides a diverse range of products and services to create high quality, safe and sustainable communities.
CMS Budapest advised the Belgian real estate developer Atenor on the acquisition of a 19,000 sqm of land on the main road corridors in Budapest connecting the city centre to the airport.
The site provides an opportunity to build a campus of 4 office buildings with commercial spaces covering approximately 85,500 sqm, which will be developed in phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018.
International legal practice Osborne Clarke has advised Cologne-based Homelike on its Series A financing round, led by Cherry Ventures with participation from coparion and other business angels.
Taylor Wessing’s lawyers provided legal advice to the investment and development company ARKON, a.s. when acquiring the real estate area of the former Slovenka factory in Banská Bystrica.