Slaughter and May, Hong Kong, advised Shanghai Zendai Property Limited (Zendai) on a RMB632 million loan facility of its subsidiary Richtex Holdings Limited which is guaranteed by China Orient Asset Management (International) Holding Limited (COAMI). The facility was entered into on 8 June 2017. The lender, a Cayman Islands special purpose vehicle, will fund the facility by issuing loan participation notes listed on the Singapore Exchange Securities Trading Limited.

In a sale and purchase agreement with the European property fund Kildare Partners, Kungsleden AB (publ) is selling 18 industrial and warehouse properties at a total sales price of SEK 882 million before deduction for deferred tax. The 18 properties divested have a gross leasable area of just over 277,000 square meters and a rental value of SEK 110 million.

Kungsleden was advised by Mannheimer Swartling in the transaction.

Jones Day is defending breach of contract claims made against McConnell Dowell Constructors (Aust) Pty Ltd (MacDow) by a subcontractor performing works for MacDow at the Mooka Ore Car Repair Shop Project. The matter is currently the subject of an arbitration. MacDow was engaged by BHP Billiton.

For additional information about this matter, please contact: Simon Bellas
Client(s): McConnell Dowell Constructors (Aust) Pty Ltd
Practice(s): Global Disputes, Projects & Infrastructure
Office(s): Perth

Global real estate professional and financial services company JLL has  won its long-running appeal before the Irish Supreme Court against property investor David Walsh. Advised by legal business DWF, JLL has been found to have no liability for damages which were sought arising from a dispute regarding a disclaimer in a property sales brochure. The decision will be welcomed by the property industry as it provides further clarification as to the effectiveness of disclaimers which are widely used by estate agents.

Global law firm White & Case LLP has advised the Saferoad Group on an unsecured refinancing related to the listing of Saferoad Holding ASA on the Oslo Stock Exchange.

The refinancing includes a NOK 925 million term loan facility, a NOK 500 million multicurrency revolving credit facility and a NOK 350 million guarantee facility.

Saferoad is a leading road safety and road infrastructure solutions provider in Northern, Central and Eastern Europe and has approximately 2,700 employees located in more than 20 European countries.

Linklaters has advised Skanska on the co-creation of an innovative business ecosystem Business Link in partnership with Akademickie Inkubatory Przedsiebiorczosci, the largest network of co-working space and private offices in Poland. The firm's Warsaw office worked with Skanska on their investment in the joint venture, which will enable the developer to create the most comprehensive commercial office proposition available to a wide range of businesses in the CEE market.

London - Lawyers from the London office of global law firm K&L Gates LLP have advised online estate agency business easyProperty on its merger with GPEA, the parent company of The Guild of Property Professionals and Fine & Country, for an undisclosed sum. The transaction was structured by a combination of cash and equity and was backed by institutional multi-asset fund manager Toscafund Asset Management.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Almacantar, property investment  and development company and long-standing client, on the pre-letting of over 280,000 sq. ft. to WeWork, the co-working operator, at Two Southbank Place in London. The transaction is the largest pre-let in this real estate market this year and will be the largest property in WeWork’s portfolio, which boasts locations in 44 cities around the world.

We represented Detapo Oy’s and Laponte Oy’s private and entrepreneur shareholders in a merger based on a share exchange as well as on drawing up the shareholders’ agreements.

Both of the companies, Pohjolan Design-Talo (Detapo Oy) which makes wooden, move-in ready houses and Talliosake (Laponte Oy) offering work and storage spaces, are market leaders in their own field. The merger is expected to create commercial synergies, new business opportunities and strong growth and development of the company in the future.

D. Carnegie & Co AB (publ) has entered into an agreement to acquire residential property portfolios in Arboga, Köping and Tranås from Fastighets AB Balder (publ). The property portfolios comprises 42 properties and 1,681 apartments. The agreed property value was SEK 1,420 million and the purchase price amounted to SEK 1,040 million. The transaction was a share deal.

D. Carnegie & Co was advised by Mannheimer Swartling in the transaction.