Clifford Chance has advised Big-Box-Self-StorageUS operator StorageMart on the acquisition of 15 Big Box Storage Centre locations in Southern England, marking StorageMart’s entry into the European self storage industry.
We advised YIT Corporation in relation to a EUR 200 million syndicated unsecured revolving credit facility with its core banks to refinance the EUR 300 million unsecured revolving credit facility maturing 2018.
The lenders participating in the syndication of the facility are Handelsbanken, Danske Bank, Lähitapiola, OP Corporate Bank, SEB and Swedbank. OP Corporate Bank acted as the co-ordinator for the facility. Danske Bank acts as the agent and OP Corporate Bank as the documentation agent.
GSK Stockmann in Luxembourg and Nabarro in the United Kingdom have advised GSA, the global student accommodation leader and GIC, Singapore’s sovereign wealth fund, on their acquisition of Threesixty Developments’ 7,150 bed UK student accommodation portfolio from Oaktree Capital Management.
Vinge has advised D. Carnegie & Co AB (publ) (“D. Carnegie & Co”) in connection with a mandatory offer to the shareholders and warrant holders of D. Carnegie & Co, made by Blackstone through Vega Holdco S.à r.l. (”Vega Holdco”). Vega Holdco offers SEK 100 in cash per A- and B-share in D. Carnegie & Co. Based on all outstanding shares and warrants in the company, the total value of D. Carnegie & Co amounts to approximately SEK 7.8 billion.
This entire portfolio of healthcare assets comprises approximately 8,600 beds, located mainly in Munich, Hamburg and Dresden. Some multi-tenant properties are also included in the portfolio. With this acquisition, Primonial exceeds the threshold of 10 billion in total real estate assets and 3 billion in nursing care facilities. LPA has been advising Primonial regularly in France and Germany and was again mandated for this extensive transaction.
Art-Invest Real Estate has acquired an office building in Frankfurt am Main from Contraco GmbH. GvW Graf von Westphalen advised Contraco GmbH, which has its registered office in Oberursel/Taunus and is involved in residential and commercial construction as a project developer and general contractor.
Aviva has agreed to pay £87m to forward fund the largest office development at Brookgate's CB1 development scheme in central Cambridge. Aviva will buy the site and fund construction of the 163,000 sq ft office at 50 and 60 Station Road. The building is expected to be finished in April 2019 and will include some retail units at ground floor.
Dentons advised on the Polish and Romanian aspects of a EU1.4 billion pan-European refinancing of the logistics portfolio of Point Park Properties (P3). The P3 platform consists of logistics parks and warehouses located in 9 European countries with a total warehouse space exceeding 3.3 million m2.
Trowers & Hamlins has acted as international legal counsel for Diyar Muharraq Housing Development Co. SPC (Project Company) and Diyar Al Muharraq W.L.L., (Diyar), one of the leading urban developers in the Kingdom of Bahrain in connection with all aspects of a secured BHD138 million (USD365 million) Shari'a compliant financing facility to be provided by a domestic syndicate of financial institutions including Al Salam Bank-Bahrain B.S.C., Al Baraka Islamic Bank B.S.C., Bank of Bahrain and Kuwait B.S.C. and Kuwait Finance House (Bahrain) B.S.C.