Stephenson Harwood LLP has advised Pradera Ltd on the purchase of three retail parks in France. The sites are part of a portfolio of 25 Ikea retail parks across Europe acquired by Pradera, valued at €900million.
The retail parks, situated next to Ikea stores, comprise circa 500 units and cover approximately 538,000 square metres.
Clifford Chance advised BlackRock Real Estate, a subsidiary of international asset manager BlackRock, on its sale of Campus E located in Munich to Leading Cities Invest (LCI) of KanAm Grund. The open-ended real estate fund acquired Campus E for approximately EUR 50 million. BlackRock Real Estate had purchased the office complex in 2016.
Global law firm White & Case LLP has advised Kaufman & Broad on its inaugural €150 million 'Euro PP' bond issuance.
The bond issuance comprises two tranches; €50 million at seven years with bonds maturing in May 2024, and €100 million at eight years with bonds maturing in May 2025. It is the most significant Euro PP bond issuance in 2017 to date.
Berwin Leighton Paisner has advised developer Argent Related on its strategic development partnership (SDP) with Haringey Council that will see the Council and the developer work together to regenerate a large part of Tottenham Hale.
Setterwalls has acted as legal adviser to Instalco Intressenter AB (publ) and the principal shareholder in connection with Instalco’s listing on Nasdaq Stockholm.
DLA Piper has advised DIC Asset AG in relation to their support of the public takeover offer submitted by TLG Immobilien AG for the shares of WCM Beteiligungs- und Grundbesitz-AG. As one of the largest shareholders, the DIC Asset Group holds about 25.95% of WCM's share capital and has now entered into tender agreements with TLG Immobilien in which it has, subject to certain conditions as well as terminations rights, undertaken to accept the intended public takeover offer of TLG Immobilien by way of an exchange offer.
PATRIZIA Immobilien AG has been active as an investment manager on the real estate market in 15 European countries for more than 30 years. PATRIZIA's range includes the acquisition, management, value increase and sale of residential and commercial real estate via proprietary licensed investment platforms. As one of the leading real estate investment companies in Europe, PATRIZIA operates throughout Europe as a business partner of large institutional investors and retail investors both at a domestic and international level.
Setterwalls has assisted Riksbyggen in its acquisition of the district Abborren 2 from Malmö Stenhus AB. The Abborren district is located in Malmö at Citadellsvägen, which will eventually be transformed into boardwalk. This creates the opportunity to create a unique residential location along Malmö’s channels. The plan is to build approx. 250 homes in the area in the future.
Setterwalls’ team consisted mainly of Anders Linnerborg, Linda Jönsjö, Tove Skärblom, Johan Ramklint and Jakob Ekesbo.
Stibbe advised Heijmans in connection with the development of a turnkey building, consisting of 375 young professional appartments, 1,048 m2 commercial spaces and 45 parking places; and the sale of this building to an investor.
The building is located on the Bananenstraat in Rotterdam. Read more about the project here.
Stibbe has advised Heijmans in connection with the procurement and construction of the N23 Westfrisiaweg, a major infrastructure contract.
The N23 Westfrisiaweg is an essential part of the alternative East-West link from Alkmaar to Zwolle: The 42-kilometre-long stretch runs from Heerhugowaard to Enkhuizen and connects to Hoorn on the A7 at two points. Upgrading this route will improve the traffic flow, liveability and road safety in the region. See here for more information about this project.