Linklaters has advised the development company Skanska on the purchase of the remaining stake of shares in the company business.link sp. o.o. from the Academic Entrepreneurship Incubator (AIP) foundation which runs the largest network of coworking and private rental offices in Poland. Business Link manages 5 coworking spaces located in the Astoria office building in Warsaw and in buildings constructed by Skanska in Poznan (Maraton), Krakow (High5ive), Wroclaw (Green2Day) and Prague (Visionary). Thus far, Skanska owned a 40% interest in Business Link.

Dentons Real Estate and Banking and Finance teams in Warsaw have advised Tristan Capital Partners and White Star Real Estate on the EU86 million acquisition of a portfolio of five warehouses located in Poland. The projects sold by Oz Real Estate were added to the portfolio of EPISO 4 opportunity fund managed by Tristan Capital Partners and White Star Real Estate.

The five warehouses have a total gross lettable area of 161,689 sq. m. and are categorized as "urban logistics" for their close driving distance to major cities. The assets are over 90% let.

DDM Group, a multinational investor and manager of distressed assets, together with B2Holding, a leading player in debt purchase and debt collection, rely on the expertise of Wolf Theiss when purchasing a portfolio of distressed assets in Croatia from HETA ASSET RESOLUTION and its Croatian affiliates.

"We are very happy to advise the bidder consortium DDM and B2 in this landmark project. The complex cross-border transaction involves multiple deal elements, in addition to the purchase of several loan/leasing portfolios," explains Andrea Gritsch, Partner Wolf Theiss.

A team led by Dr. Mirko Sickinger, Partner at Heuking Kühn Lüer Wojtek, advised SSN Group, Zug (Switzerland) on concluding a structured real estate financing transaction in the amount of EUR 15 million. The advice also included the drafting and negotiating of the loan agreement and of the collateral agreements. SSN Group will use the loan to restructure its acquisition financing of a multi-story car park near Hamburg Airport.
 
The term of the loan is five years. ICF Bank AG, based in Frankfurt am Main, acted as intermediary for the investors.
 

GSK Stockmann provided Munich developer Optima-Aegidius and the investment company Competo Capital Partners with comprehensive legal advice on renting out approximately 14,000 m² of office space in the new building project New Eastside Munich Factory Lofts.

Simpson Thacher represented Testa in its EUR 1.9 billion financing in connection with a large portfolio of residential units located across Spain.

The financing follows the agreement entered into by Blackstone in October 2018 to purchase a majority stake in the company which Simpson Thacher also assisted on. Testa currently owns and manages more than 10,600 residential units in the main Spanish cities and regions.

The Simpson Thacher team who acted on the financing included Tom Lloyd, Luke Murphy and Alexandre Rakotovao (Real Estate).

International law firm Gowling WLG has advised a wholly owned subsidiary of Triple Point Social Housing REIT plc, TP REIT Propco 2 Limited on the successful signing of a secured £70 million Revolving Credit Facility (RCF) with Lloyds Bank plc.

The floating rate RCF has an initial term of four years, expiring on 20 December 2022 which may be extended by a further two years to 20 December 2024.

Osborne Clarke advised Antirion SGR S.p.A., an independent asset management company  for the closed-end reserved multi-compartment alternative real estate mutual fund “Fondo Immobiliare Antirion Global” – Comparto Core”,  in the context of a financing for an overall amount of  approx. Euro 179 million provided by BNP Paribas – Italian branch, acting as lender, agent and mandated lead arranger. BNP Paribas was advised by Legance – Avvocati Associati.