With comprehensive real estate, investment and tax law advice provided by GSK Stockmann and under the leadership of transaction partner Dr. Michael Jani, DC Values Group has acquired the commercial building Wöhrl-Plaza, located in Prager Straße 8 in Dresden. Size of the property is 18,400 sqm. This acquisition was part of their self-managed open-end real estate fund “DCV Highstreet 1”.
With comprehensive real estate, investment and tax law advice provided by GSK Stockmann and under the leadership of transaction partner Dr. Michael Jani, DC Values Group has acquired the former headquarter building of the now bankrupt Unister-Group, located in “Barfußgässchen” in Leipzig’s city centre. This acquisition was part of their self-managed open-end real estate fund “DCV Highstreet 1”. Seller of the property is Lebensversicherung von 1871 a. G. München (LV 1871).
GSK Stockmann advised STRENGER Gruppe comprehensively in legal and tax matters on the establishment of the real estate developer IQ INTELLIGENTES WOHNEN GmbH.
STRENGER Gruppe, headquartered in Ludwigsburg, offers services related to real estate from a single source and stands for classy freehold apartments, mature residential concepts and intelligently designed townhouses and apartments.
Slaughter and May is advising the seller of the London Metropole and Birmingham Metropole hotels, in one of the largest portfolio deals in the UK market this year. Funds managed by Henderson Park Capital will pay more than £500m for the hotels. The London Metropole is the largest Hilton-managed hotel in Europe.
Contacts
Corporate: Murray Cox (partner), Srijanee Bhattacharyya (associate), Oliver Gratton (associate)
Real estate: John Nevin (partner), Lee Foxcroft (associate), Helen White (associate)
Luther Rechtsanwaltsgesellschaft has supported Sirius Real Estate's acquisition of an office complex in Grasbrunn near Munich by means of a private equity fund. By acquiring the Technopark, which is almost completely empty apart from one small rented unit but has a total floor space of roughly 14,800 m² in its 4 buildings, Sirius Real Estate will be able to extend its presence in the Munich area – in addition to Munich- Neuaubing and Obersendling – to three locations.
CMS has advised Lendlease and London and Continental Railways, joint venture partners of International Quarter London, on the relocation of Cancer Research UK and The British Council to the International Quarter London development, located next to the Queen Elizabeth Olympic Park, Stratford.
Cancer Research UK and The British Council will jointly occupy the majority of the third commercial building to be built at International Quarter London totalling 280,000 sq. ft., bringing the total number of people soon to be working at the development to over 8,000.
Ashurst advised Ospedal Grando S.p.A., a project company partly owned by Lendlease Construction (EMEA) Ltd, on a €82 million project financing for the new Cittadella della Salute within the Treviso Hospital in Italy, which is one of the biggest project finance deals in the Italian health sector in recent years.
UniCredit S.p.A., European Investment Bank, Banca Imi S.p.A., Intesa Sanpaolo S.p.A. e Banca Prossima S.p.A. acted as lenders.
Squire Patton Boggs has advised Apsley House Capital on the acquisition of the 12-acre Soho Loop site, near Birmingham City Hospital. Apsley House has entered into a joint venture with Galliard Homes to purchase the site from City and Provincial Properties and plans to transform it into a multimillion-pound canal-side development of hundreds of homes in central Birmingham.
The Real Estate Finance Security Team at international law firm Trowers & Hamlins has advised London & Quadrant (L&Q) on the largest ever own-name bond issue by a housing association.
The issuance was conducted by way of a dual-tranche offering of Sterling Secured Notes in the form of £250 million 40-year bonds and £250 million 12-year bonds. Totalling £0.5 billion, it is believed to be the biggest own-name bond issue by a housing association to date.
Dentons has assisted Linkcity in securing consent for its joint venture Private Rented Sector (PRS) scheme at Pontoon Dock in Newham, East London, with Grainger plc as long-term investor-operator, the London Pensions Fund Authority as funder, and the Greater London Authority (GLA) as landowner.