Vinge has advised Pandox Aktiebolag (publ) in connection with a directed share issue of 7,499,99 class B shares at a subscription price of SEK 135 per share. Through the share issue, Pandox will obtain approximately SEK 1,012 million. The subscription price was determined through an accelerated book-building process. The share issue is directed to selected Swedish and international institutional investors.
Herbert Smith Freehills has advised M&G Real Estate Asia PTE on the acquisition of Casey Central Shopping Centre, a 28,700sqm retail complex south east of Melbourne.
M&G Real Estate Asia PTE, one of the world’s largest property investors with a 25 per cent stake in Westfield Doncaster, purchased the shopping centre from the Scentre Group for an estimated A$220 million.
International law firm Simmons & Simmons advised Growthpoint Properties Limited, a South African REIT listed on the JSE, on its EUR186.4m subscription for 23,300,000 ordinary shares in AIM listed Globalworth Real Estate Investments Limited, a real estate investment company active in Central and South East Europe with a primary focus on Romania. The transaction completed on 20 December 2016, and Growthpoint now holds a 26.88% stake in Globalworth.
Mayer Brown announced today that it represented MAG Property Development, the real estate development arm of MAG Group and one of the largest private real estate developers in the UAE, in a strategic partnership arrangement with Delos to create the first health and wellness-inspired homes in the Middle East. The partnership will be the first-of-its-kind in the Middle East in what is expected to be a new multi-billion dollar wellness living-oriented real estate market. Delos is a pioneering wellness real estate and technology firm.
Baker McKenzie advised CORESTATE Capital Holding S.A. (CORESTATE) on the acquisition of 94.9% of the shares in Hannover Leasing Group. The sellers are essentially the majority shareholders, Landesbank Hessen-Thüringen Girozentrale (Helaba) and Hessisch-Thüringische Sparkassen-Beteiligungsgesellschaft (HTSB).
Clifford Chance advised Redevco, a real estate investment management company specialised in retail property, on the acquisition of the "A2 Center" in Hanover and of two further retail parks in Berlin and Gründau-Lieblos near Hanau, Germany.
Seller of the real estate with a total area of 63,500 sqm are property companies of Krieger-Bau-Gruppe. The transaction is subject to antitrust clearance.
Allen & Overy advised HB Reavis on the sale of Twin City A in Bratislava to Prvy realitny fond managed by IAD Investments. The price of the deal was not disclosed. HB Reavis said that the yield was approximately 6.5 per cent. The building, located on Karadzicova street, was completed in 2015 and offers 16,500 sq. m. of office, fully leased to tenants including PWC, Merck Sharp & Dohme, Bayer, BNP Paribas Slovensko and Sfera. This is the second asset HB Reavis has sold to IAD Investments, following the acquisition of River Garden I in Prague two years ago.
Hannes Snellman acted as counsel to Niam in its acquisition of an office property in Helsinki from Commerz Real Investmentgesellschaft MBH. The property, called Life Science Center Keilaniemi, is in an excellent location close to the Keilaniemi metro station in Espoo. Life Science Center Keilaniemi comprises five high-quality interconnected office buildings constructed between 2004 and 2008, with a combined lettable area of approximately 32,000 sqm.
After Castellum's acquisition of Norrporten, the second-largest property deal in Sweden of all times, Castellum announced that divestments would be completed to finance the acquisition of Norrporten. To carry this out, Castellum has during the autumn for example sold a larger property portfolio divided into four transactions and at a total sales price of just over SEK 5,700 million.
Schoenherr has advised REDSIDE investicni spolecnost, a.s. ("Redside"), the manager of the real estate open-ended investment fund NOVA Real Estate (SICAV), on its acquisition of the Panorama Business Center building, from Dutch closed private investment fund MINT FUND 8 B.V. The closing took place on 1 December 2016. Schoenherr advised Redside on the due diligence process, on negotiations related to the transactional documentation and assisted with the signing and closing.