Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the conclusion of a rental agreement with Gruner + Jahr (G + J) for the future headquarters of the publishing house in Hamburg.
The parties have agreed not to disclose any details relating to the rental agreement.
Hannes Snellman acted as counsel to a fund managed by Barings Real Estate Advisers in its acquisition of an office building at Helsinki centre from The Confederation of Finnish Construction Industries RT. Barings plans to convert the asset into a 120 room business class hotel.
Our core team comprised Tapio Teräkivi, Katja Heikkinen, Ninja Heikkilä and Niclas Löfstedt.
Herbert Smith Freehills has advised Real I.S. AG and Real I.S. Australia Pty Ltd on a A$174 million refinancing in relation to the Geoscience Australia Building in Canberra.
As one of Germany’s most prominent real estate asset managers, Real I.S. has more than €6.5 billion of property under management and operates in Germany, France, Luxembourg and Australia.
This transaction involved Herbert Smith Freehills working closely with parties and advisers located in Munich, Cologne, Sydney and Canberra.
Clifford Chance has advised Europa Capital LLP on the sale of the Cubus office building in Dusseldorf. The property, offering around 16,800 m² of office space, was purchased by PGIM Real Estate. The property is fully let to a total of 16 tenants.
Europa Capital LLP purchased the Cubus building back in 2013 along with the adjacent Innside Hotel. It sold the Innside Hotel to Quadoro in February 2017 on behalf of the open-end real estate fund Vescore Sustainable Real Estate Europe. Clifford Chance also provided advice on that deal.
Clifford Chance has advised the French real estate investor Sofidy on the acquisition of the Seestern 8 office building in Düsseldorf. Sofidy is purchasing the property on behalf of the Efimmo1 fund. The vendors are Gebau Group, Deutsche Apotheker- und Ärztebank and one other joint owner.
Loyens & Loeff advised TPG, a global alternative asset firm, and Patron Capital Partners, a pan-European institutional investor focused on property-backed investments, on the disposal of Merin Group Holding B.V., one of the largest commercial real estate platforms in the Netherlands, to Dream Global REIT, a Canada-based real estate group, for €622m.
Vinge has advised Stendörren Fastigheter AB (publ) (“Stendörren”) in connection with a bond issue of up to SEK 1,000 million senior unsecured floating rate bonds. The bonds have a tenor of three years and a floating interest rate of three-months Stibor plus 4 per cent. ABG Sundal Collier AB and Swedbank have acted as financial advisors to Stendörren. Swedbank also acted as Issuing Agent.
CMS has advised REICO, the manager of the largest and oldest Czech open-ended real estate fund, on the purchase of the Proximo I office building in Warsaw. The transaction carried on behalf of CS nemovitostni fond (CSNF), is valued at over EUR 116 mln and represents REICO's first investment in Poland. With this purchase, REICO has increased its property portfolio to 12 buildings, including six properties in Prague, three in Bratislava and one each in Warsaw, Brno and Ceske Budejovice.
The seller is the Hines Russia & Poland Fund, which is sponsored and managed by Hines.
Allianz Real Estate has acquired 100% of the landmark office project “THE ICON VIENNA” at Vienna’s new central railway station on behalf of several Allianz companies. The investors include Allianz Lebensversicherungs-AG and Austrian company Allianz Elementar Versicherungs-AG. The vendor is SIGNA Development Selection AG. The acquisition represents an investment of more than EUR 500 million.
As part of a forward asset deal, GSK Stockmann has advised Diringer & Scheidel Wohn- und Gewerbebau GmbH on the sale of the new Quartiers 4 in Mannheim. Purchaser is SV SparkassenVersicherung Lebensversicherung AG. The investment amount is approximately 85 million euros.