Herbert Smith Freehills is delighted to be advising Boral Limited on its A$1.6 billion fully underwritten 1 for 2.22 renounceable pro-rata Entitlement Offer (with retail rights trading), and A$450 million share Placement, announced to ASX on 21 November 2016. Herbert Smith Freehills also advised Boral in relation to a committed bridge debt acquisition facility, and other Australian law aspects of the transaction.

Slaughter and May, Hong Kong, advised Wing Tai Properties Limited on the annual update of the US$1 billion Medium Term Note Programme of Wing Tai Properties (Finance) Limited, its wholly-owned subsidiary.

Notes issued under the programme are guaranteed by Wing Tai Properties Limited. HSBC and Standard Chartered Bank are the Arrangers under the programme.

Contacts
Roger Cheng (partner), Alison Tsoi (associate)

Roschier represented M7 Real Estate, a leading pan European real estate asset manager with a portfolio consisting of over 500 assets with a capital value of over EUR 2.1 billion, in the acquisition of a real estate portfolio consisting of 12 properties from Real Estate Fund Finland I Ky, a fund managed by OP Property Management Ltd. OP Property Management Ltd is one of the largest real property managers in Finland with more than 770,000 sqm leasable premises under management.

The transaction represented M7's entry on the Finnish real estate market.

DLA Piper has advised Deutsche Fonds Holding AG on the sale of all shares (99.95 percent) held in the property 20 Moorgate, London, via the closed-end real estate fund EuroSelect 11, to Asian Growth Properties Limited. The sale price was in the region of GBP 155 million.

Built in 2002, 20 Moorgate is located in the heart of the traditional banking district of the City of London. The long-term principal tenant of the office property is the Bank of England, which occupies 97.2 percent of the gross lettable area. EuroSelect 11 acquired the property in 2005.

DLA Piper is pleased to announce that the legal department for one of its clients, the Atlanta Braves, has been honored as the In-House Legal Department of the Year in the Real Estate category by the Fulton County Daily Report. The firm and its client were profiled in the publication's November 9, 2016, edition, and were honored at a reception and dinner at the Ritz-Carlton Buckhead that evening.

Mayer Brown advised Asian Growth Properties, the Hong Kong-based property investor and developer, on the purchase of the entire issued units in the Trust that owns 20 Moorgate, London for £155 million.

The 150,000 sq ft property, purchased from Deutsche Fonds Holding AG, is fully let to two tenants. The Prudential Regulatory occupies the office space in the building, whilst brewers Fuller Smith & Turner Plc occupy the sole retail unit.

Travers Smith LLP has advised Clearbell Capital LLP on the forward fund by Curlew Student Trust of the student accommodation element of the redevelopment of The Riverwalk Shopping Centre, Durham. The £28.2 million deal will see Curlew Student Trust own the 253 student accommodation units to be built as part of the £30 million redevelopment.

The Freshfields team was led by partners Alex Watt and Patrick Ko

•The sale of P3, the European logistics warehousing business, was at the date of signing  the largest transaction by deal value in the European property market in 2016.

•Freshfields acted on the entire cycle of ownership of P3

The other day it became official that Kynningsrud Fastighet is buying properties in Karlstad at Bergvik Shopping Centre (E18), and in Falkenberg at E6. Both properties are large unbuilt plots but will be developed near future. The goal for the new market operator is to grow further.

Ashurst acted as the lead counsel to APG Strategic Real Estate Pool N.V. in the formation of a US$450 million joint venture company and concurrent acquisition of an initial seed portfolio of three shopping malls in India comprising approximately 3.5 million square feet across three flagship centres in Bengaluru, Surat and Chennai. APG has provided 77% of the equity for a majority shareholding in the joint venture with Xander investing the balance of 23%.