Gernandt & Danielsson advises in Heimstaden AB’s (publ) (“Heimstaden”) issue of additional bonds at a total amount of SEK 400 million.

The bonds are issued within a total framework amount of SEK 1,250 million and after the issue the outstanding amount under the bonds amounts to the total framework amount. Heimstaden has undertaken to list the additional bonds on Nasdaq Stockholm.
The proceeds from the bonds issue will be used towards general corporate purposes including acquisitions and value-adding investments in the existing property portfolio.

Dentons has advised the real estate investor INTERNOS Spezialfondsgesellschaft mbH on the acquisition of the Cramer’sche Fabrik nursing home property from developer ESM Bauträger & Entwicklungsgesellschaft mbH.

The retirement home Cramer’sche Fabrik was built in 2006 and has a total area of 4,650 sq. m. It includes 58 single rooms and 11 double rooms, offers barrier-free access, and houses approximately 80 senior citizens. The property is operated by Krutmann Prosana GmbH & Co. KG. It is leased for 25 years.

Herbert Smith Freehills Paris has advised Spie batignolles on its acquisition of the construction company SAS Defontaine, based in Maine-et-Loire, a department in West central France.

Spie Batignolles is a global construction company, which provides building and infrastructure construction services in France and internationally.

SAS Defontaine is a building company specialising in large structural work.

The Herbert Smith Freehills team was led by Corporate partner Edouard Thomas, supported by associate Noémie Laurin.

Schoenherr advised US asset manager KPS Capital Partners, LP, New York, USA ("KPS") on the acquisition of DexKo Global's ("DexKo") production facilities in Austria and Poland, from private equity investment firm Sterling Group L.P. The acquisition was closed on 25 July 2017. The financial terms of the transaction were not disclosed. The Sterling Group L.P. will continue to own a minority stake in DexKo.

Clifford Chance has advised a fund managed by GLL Real Estate Partners on the sale of Munich shopping centre "Mira". Investment manager Hines acquires the property for a German real estate special fund.

The shopping centre "Mira" encompasses 24,000 square metres of rental space and was built in 2008. The property is let to about 60 retail businesses and comprises 754 parking spaces and 1,000 square metres of office space.

Clifford Chance has advised Indigo Invest and a fund managed by J.P. Morgan Asset Management on a joint venture with regard to the acquisition of the office building located at E.ON-Platz 1 in Düsseldorf. The property is being sold by the energy services company Uniper, which will continue to use the building as its headquarters until moving out during the course of 2018.

Herbert Smith Freehills has advised Property NSW on the sale of a vacant parcel of land at Macquarie Park in north west Sydney to construction company John Holland for A$170 million. As part of the sale, John Holland has committed to construct and lease to Property NSW 25,000 square metres of commercial office space at the redeveloped site.

John Holland was selected to redevelop the site following a competitive tender process. The sale process drew strong interest from a number of groups, with each presenting a distinct vision for the future of the site.

Dierre S.p.A.,  a company based in Modena in which private equity fund Gradiente I holds a stake and  operating in the field of structural profiles, guards, accident prevention systems, linear rails and conveyor belts, acquired 80% of Sintesi S.r.l., a company based in Saonara (PD) operating in the industrial soundproofing field, specialising in the construction of protection systems and operator stations for machinery and industrial equipment.

CRH plc (CRH) and Xella International S.A. signed an agreement on the sale of Fels to CRH. Fels is one of Europe's leading suppliers of high quality lime and lime stone products headquartered in Goslar, Germany, and counts approx. 1,000 employees in 11 locations in Germany, the Czech Republic and Russia. In fiscal year 2016, Fels generated revenues of EUR 260 m. The sale is subject to the approval of the antitrust authorities.

CRH is a leading global building materials group employing over 87,000 people in 21 countries and EUR 27.1 bn revenues in 2016.

Dentons has advised German asset manager KGAL Investment Management GmbH on its EU60 million acquisition of the Kalvin Square and City Zen office buildings, totaling 26,000 sqm, in downtown Budapest, from Europa Capital.

KGAL invests in and manages properties on behalf of institutional investors. The Kalvin Square Office Building is a prominent "A" category office complex on one of the busiest traffic hubs in Budapest, surrounded by amenities. The CityZen Office Building is also "A" category, freshly renovated and BREEAM certified for its high environmental standards.