Gernandt & Danielsson advises in Heimstadens's issue of bonds with a value of SEK 850 million

Heimstaden AB (publ) is one of Sweden´s leading real estate companies operating in Sweden as well as in Denmark and with a property value of approx. SEK 26.3 billion.

The issue is directed to Swedish and international institutional investors and the bonds are issued within a framework amount of SEK 1,250 million. The bond loan is Heimstaden's second bond and will be listed on the Corporate Bond List at Nasdaq Stockholm.

Clifford Chance has advised WCM Beteiligungs- und Grundbesitz-AG on its potential business combination with TLG IMMOBILIEN AG by way of a public takeover offer made by TLG IMMOBILIEN AG. The transaction is aimed at creating a pan-German commercial real estate company with a portfolio worth EUR 3 billion.

Client name
Eikenbosch Holding B.V. - seller
Other parties involved
Petrus Bidco B.V.; Caldic B.V.; Goldman Sachs & Co LLC
Nature of transaction
Eikenbosch Holding B.V. signed a share and purchase agreement for the sale of 100% of the shares in Caldic B.V. to Petrus Bidco B.V. Caldic is a distributor and manufacturer within the chemical and food market. Petrus Bidco B.V. is indirectly held by funds for which Goldman Sachs & Co LLC acts as investment manager.
Value of transaction
Confidential, but more than 5 million.
Date deal

Client name
Eikenbosch Holding B.V. - seller
Other parties involved
Petrus Bidco B.V.; Caldic B.V.; Goldman Sachs & Co LLC
Nature of transaction
Eikenbosch Holding B.V. signed a share and purchase agreement for the sale of 100% of the shares in Caldic B.V. to Petrus Bidco B.V. Caldic is a distributor and manufacturer within the chemical and food market. Petrus Bidco B.V. is indirectly held by funds for which Goldman Sachs & Co LLC acts as investment manager.
Value of transaction
Confidential, but more than 5 million.
Date deal

Kungsleden has implemented a rights issue of SEK 1.6 billion.

Kungsleden is a real property company focused on the long-term ownership, management and development of commercial properties in selected growth regions in Sweden. The company is listed on Nasdaq Stockholm Large Cap.

Kungsleden has been advised by Mannheimer Swartling on the rights issue.

Supported by Heuking Kühn Lüer Wojtek, led by Dr. Anne de Boer, Cloud No 7 GmbH took out interim financing in the form of a secured bond. Cloud No. 7 GmbH is building the Cloud No 7 residential and hotel complex in Stuttgart's Europaviertel sector behind the main railway station; the hotel is leased to Steigenberger Hotels AG. Construction is funded by a project development bond that was issued in 2013 and will be due in July 2017.

London — Mayer Brown has advised Chinese Estates Holding Limited, a Hong Kong-listed property development company, on the acquisition of 11-12 St James's Square, London from the Employees’ Provident Wealth Fund of Malaysia for £174.9 million.

The 80,000 sq ft office building is multi-let to tenants including Blackstone and Marble Bar Asset Management.

Delphi has acted as legal advisor to Amasten in an exchange deal with NSI Invest which involves the sale of nine properties in Sollefteå and Härnösand, as well as acquisition of a larger property in Sundsvall including both residential and commercial leases, as well as three smaller commercial properties in Karlskoga and Smålandsstenar.

The deal is structured as a share transfer and the acquisitions are based on an underlying property value of SEK 63.8 million and the sales at an underlying property value of SEK 90.8 million.

Delphi has acted as legal advisor to Amasten in an exchange deal with NSI Invest which involves the sale of nine properties in Sollefteå and Härnösand, as well as acquisition of a larger property in Sundsvall including both residential and commercial leases, as well as three smaller commercial properties in Karlskoga and Smålandsstenar.

The deal is structured as a share transfer and the acquisitions are based on an underlying property value of SEK 63.8 million and the sales at an underlying property value of SEK 90.8 million.

The Supreme Court has dismissed the joint appeal by Suffolk Coastal District Council and Cheshire East Borough Council in the case of Suffolk Coastal DC v Hopkins Homes, for more information see here. DLA Piper acted for Hopkins Homes.