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Real Estate & Construction

White & Case Advises on the Largest Real Estate Deal in the History of the Czech Republic

10 Nov 2016

White & Case LLP advised P3 Logistic Parks (P3) and leading global investment company TPG Real Estate (the previous owner of the P3 developer alongside Ivanhoe Cambridge) on the sale of P3 to GIC, a sovereign wealth fund established by the government of Singapore. With a transaction value of EUR 2.4 billion (nearly 65 billion Czech crowns), this represents the largest deal on the European real estate market this year, and the largest real estate deal ever in the Czech Republic.

Shoosmiths advises The Property Franchise Group on EweMove acquisition

09 Nov 2016

Shoosmiths has advised The Property Franchise Group on their £15m acquisition of national sales and lettings agency, EweMove.

The price comprises an initial £5m cash payment upon completion, together with the issue of £3m new ordinary Property Franchise Group shares and an earn-out payment of up to a further £7m subject to performance.

DLA Piper advises Carlyle Asia Real Estate team on sale of Central Plaza in Shanghai

07 Nov 2016

DLA Piper has advised the Carlyle Asia Real Estate team on the sale of Central Plaza office tower in Shanghai to V Capital, the private equity arm of Chinese real estate developer Vanke.

Central Plaza is a grade-A office tower in Shanghai’s central business district Huangpu, next to the Shanghai Municipal Government and many other landmark buildings.  It has a total gross floor area in excess of 47,200 square meters.

Slaughter and May is advising Regus plc on its proposed introduction of a new holding company

04 Nov 2016

Slaughter and May is advising Regus plc (“Regus”) on its proposed scheme of arrangement to introduce a new holding company, incorporated in Jersey and with its head office in Switzerland, to the Regus group (the "Scheme"). The new holding company will be named IWG Plc, will have its primary listing on the main market of the London Stock Exchange and, upon listing, is expected to be included in the FTSE 250.

Austria: Schoenherr advises HanseMerkur Grundvermögen on acquisition of commercial properties from conwert

02 Nov 2016

Schoenherr has advised HanseMerkur Grundvermögen AG ("HMG") on the acquisition of a EUR 331m portfolio of commercial properties for its real estate property fund HMG Grundwerte Chancen, from conwert Immobilien Invest SE ("conwert"). The purchase agreement was announced on 2 November 2016 while the closing of the transaction is expected by the end of the year following approval from the competition authorities.
 

Shoosmiths advises on multi-million pound merger of leading leisure businesses

02 Nov 2016

Shoosmiths has advised on the merger of Northamptonshire based Prestige Park & Leisure Homes Limited and Homeseeker Park & Leisure Homes Limited, two of the UK's leading names in the leisure lodge and park residential manufacturing industry, as part of a multi-million pound refinancing deal.

The merger is backed by a £13m investment from Praesidian Capital as well as additional inward investment from major shareholders and the management team that will facilitate the ambitious plans for growth.

DLA Piper advises Oleksanr Yaroslavskyi's DCH Group on the acquisition of shopping centre chain, Karavan

31 Oct 2016

DLA Piper acted as legal advisor to DCH Group, owned by Oleksandr Yaroslavskyi, on the acquisition of partner stakes in Karavan, a national shopping centre chain, in Ukraine. The transaction completed on 21 October 2016. 

Karavan was one of the first shopping centre chains in Ukraine and has operated for more than 10 years in Kyiv, Kharkiv and Dnipropetrovsk. The total area of the shopping centres retail space is almost 250,000 square meters and combines a mix of shopping, entertainment and leisure facilities.