On 22 September 2016, AFG Arbonia-Forster Holding AG successfully completed a private placement of 2,640,000 new shares via an accelerated book build process and raised gross proceeds of CHF 37.8 million. The new shares have been listed and admitted to trading with SIX Swiss Exchange on 22 September 2016. UBS AG acted as sole bookrunner and listing agent.

Bär & Karrer acted as legal advisor to UBS as to Swiss law in this transaction. The team included Till Spillmann and Andrea Giger as well as Susanne Schreiber and Michael Abegg (both Tax).

Herbert Smith Freehills has advised client LLC "Highway Construction Company" (LLC ASK) – the SPV owned by leading Russian construction company JSC "DSK Avtoban", on a concession project for the construction and operation of the Moscow Central Ring Road. The total cost of the project exceeds USD 2 billion.

Addleshaw Goddard's Manchester Real Estate team has advised Alderley Park on its sale of 13 acres to developer PH homes.

PH Homes plan to use the land for a development of 74 prestige family homes, which is the first residential phase of the £160m plan for the site, which will will eventually see up to 275 homes, new sports and leisure facilities, including a gastro pub, hotel and farm shop.

DLA Piper has advised WeWork on the letting of office space measuring 62,000 sq ft at Aldwych House. The 20 year lease for the property has been agreed with its owners, GI Partners and Rowan Strategic Asset Management. The new facility will open as of summer of 2017, with WeWork planning on a further 10 developments in London by 2017. 

CHSH Cerha Hempel Spiegelfeld Hlawati advised CA Immo in the acquisition of the centrally located Millennium Towers office complex comprising of 70,400 sqm GLA in Budapest, Hungary in all legal aspects of the transaction. It is the biggest standalone acquisition by CA Immo of existing properties since several years and at the same time one of the biggest real estate transaction in Hungary this year.

The corporate team at national law firm Shoosmiths has advised long-standing clients, the shareholders of property consultancy GBR Phoenix Beard Holdings Limited, on its acquisition by international real estate advisor, Savills.

Slaughter and May is advising Wing Tai Properties Limited and Nan Fung International Holdings Limited (the Sellers) in relation to the proposed sale of the entire issued share capital (and related shareholder loans) of Property Sky Limited to Natural Apex Limited, a wholly-owned subsidiary of Jingrui Holdings Limited. Subject to certain customary adjustments, the aggregate consideration for the sale of the shares and the related shareholder loans is approximately HK$915.6 million. The Target holds certain interests in a property known as "Upper Riverside" in Pudong, Shanghai.

On September 14, 2016, Looser Holding AG (Looser) and AFG Arbonia-Forster-Holding AG (AFG) signed a transaction agreement as to the combination of the two companies by way of a public cash and exchange offer by AFG and the family shareholders, board and management of Looser signed a sale agreement with AFG as to the sale of approx. 53% of the Looser shares.

Closing is expected to occur in December 2016 and is subject to relevant antitrust approvals. The deal value (enterprise value) amounts to approx. CHF 511 m. Homburger acted as legal adviser of Looser.

Gernandt & Danielsson advises in Tobin Properties' issue of subsequent bonds in the amount of SEK 75 million. The bonds are issued within the framework amount of SEK 500 million and the total outstanding nominal amount after the subsequent bond issue will be SEK 300 million. The company has undertaken to list the subsequent bonds on Nasdaq First North Bond Market. The proceeds from the subsequent bond issue shall be used for investments in projects.

Hemsö Fastighets AB (publ) (“Hemsö”) made its debut issuance under the newly established EUR 3 billion EMTN programme on 9 September 2016. EUR 500 million of notes were issued with a tenor of ten years and a fixed rate coupon of 1 per cent. The notes are listed on the Irish Stock Exchange.