Our Manchester office has advised on the £32 million sale of a hotel development in London’s Royal Docks.

The Hampton by Hilton Hotel, which is situated near the ExCel Exhibition Centre, was developed by London Dockside Ltd - a joint venture between Marick Real Estate and Mill Lane Estates.

The seven-storey, 209 bedroom hotel has been bought by Aprirose in a £32 million deal which has appointed hotel management firm Redefine BDL Hotels to manage the property.

Slaughter and May is advising Market Tech Holdings Limited on the recommended cash offer by its majority shareholder, LabTech Investments Limited. The offer, which was announced on 21 April 2017, values Market Tech's entire issued and to be issued share capital at approximately £892.5 million.

Norton Rose Fulbright has advised its long standing client ADLER Real Estate AG (“ADLER Real Estate”) on the issuance of a EUR 150m tap issue over its existing € 350m 4.75 per cent Notes 2015/2020 under New York law increasing it to EUR 500m. The tap notes were placed with institutional investors by the Franco-German financing group ODDO BHF.

ADLER Real Estate AG is a listed real estate company which focuses on the formation and development of a substantial and highly profitable residential property portfolio in Germany.

Setterwalls has assisted Tobin Properties in connection with a property development project in Nacka Birka, Stockholm. Tobin has entered into agreements in order to acquire thirty cohesive residential areas comprising approximately 35,000 square meters of land, in order to, together with the municipality of Nacka, develop a new city district and through a detailed plan change enable new production of approx. 600-700 residential units.

NAI Svefa has acquired the majority of the shares in Värderingsdata i Kungsbacka AB through the acquisition of shares from a minority of the shareholders and in connection with a share issue in kind in Värderingsdata.

Hannes Snellman acted as counsel to YIT Corporation in its disposal of Tripla hotel with an aggregate value of approx. EUR 88 million. The hotel will be operated by Sokotel Oy, and the investor will be a new limited partnership managed by Exilion Management Oy with Elo Mutual Pension Insurance Company, Veritas Pension Insurance Company and the State Pension Fund of Finland (VER) as owners.

Ashurst has advised long standing client Invesco Real Estate (IRE), a global real estate investment manager, in relation to the acquisition of a 50% interest in one of London’s largest shopping centres, the 630,000 sqft Southside Shopping Centre in Wandsworth, South London, resulting in a new 50/50 partnership with listed property company, Land Securities plc who will take over the asset management of the centre from Delancey.

Slaughter and May is advising WS Atkins plc on a recommended cash offer for Atkins’ entire issued and to be issued share capital by SNC-Lavalin. The offer was announced on 20 April 2017.

Under the offer, each Atkins shareholder will be entitled to receive 2,080 pence in cash for each Atkins share. The offer values Atkins’ issued and to be issued share capital at approximately £2.1 billion. The transaction is to be effected by court-sanctioned scheme of arrangement and is expected to complete in Q3 2017.

Hong Kong and Palo Alto – Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Land (“Sino-Ocean”), one of the largest real estate companies in China, on its partnership with U.S.-based wellness real estate and technology firm Delos to advance health and wellness in the built environment in China. Sino-Ocean and Delos first announced their partnership in December 2015 pledging to promote health and wellness in China by transforming indoor environments.