Addleshaw Goddard's Leeds construction team has completed the main building contract on behalf of Henry Boot Developments, a leading property developer, for the design and construction of a new £333m international exhibition and conference centre in Aberdeen.

The multimillion-pound development includes a new exhibition and conference centre, four-star hotel and energy centre. It is also expected to include a further hotel and 400,000 sq ft of business park space.

National law firm Shoosmiths has advised Bellway PLC on three new housing developments in Edinburgh and West Lothian as the housebuilder continues its investment north of the border.

The Imperial Heights development at Abbeylane, Edinburgh city centre, will provide 139 contemporary one, two or three bed apartments. Construction will start early next year on the development that will provide a unique opportunity for buyers to own a home with access to great transport links and within close proximity to the amenities of the city centre.

Julius Tallberg-Kiinteistöt bought Coriant Oy’s real estates at the address Sinimäentie 6 and Sinikalliontie 7 in Espoo. The total area of the buildings located on the real estates is about 31,000 m2. The buildings are in office, laboratory and storage use. Coriant Oy will remain a tenant in the other property under a long-term lease agreement.

Noerr has advised Isaria Wohnbau AG on its capital increase carried out in connection with its takeover by the US private equity investor Lone Star. The cash raised amounted to around €53 million. At the same time, Noerr assisted the Munich-based project development company in cancelling the admission of its shares to trading on the regulated market of Frankfurt Stock Exchange. This was the first withdrawal from the stock market under the new rules on delisting which have been in force since the end of 2015.

A team led by Dr. Peter Zimmermann, Partner at the Düsseldorf office of business law firm Heuking Kühn Lüer Wojtek, advised Corpus Sireo on the acquisition of the headquarters of Zurich Insurance in Cologne and Bonn. The package includes the head management office on Poppelsdorfer Allee, the building on Rabinstraße in Bonn, and the complex on Riehler Straße and Worringer Straße in Cologne. The contract was closed on August 18, 2016. The purchase price was not disclosed.
 

Baker & McKenzie recently acted as counsel to Jones Lang LaSalle ("JLL") on its acquisition of PDM International ("PDM"), a leading interior design practice across Asia Pacific.  This acquisition will enable JLL to deliver end-to-end, multi-disciplinary fit-out solutions across the region as well as provide design and construct services in 19 cities, with the addition of Beijing, Shanghai, Bangkok, Kuala Lumpur and Seoul.

Jungberg & Rothman Kvartersfastigheter has divested the Gasverket project to CA Fastigheter. Jungberg & Rothman Kvartersfastigheter will remain as a minority shareholder and the two parties will work together to carry out the project in collaboration with the City of Stockholm.

Nabarro has advised AIM quoted property investment company Palace Capital plc on the acquisition of Boulton House, Chorlton Street, a 75,000 sq ft multi-let office building in Manchester. The net price paid for Boulton House, Chorlton Street, was £10.6m and a new debt facility of £6m has been secured from Santander.

Palace Capital focuses on commercial property outside London. Boulton House is located in one of Manchester’s redevelopment and regeneration hot spots. The office block’s tenants include Arriva Rail, Trillium and Newsco Insider.

The old DSB (Danish Rail) headquarters situated at Sølvgade in Copenhagen, today converted into prime student accommodation, have been acquired by CBRE Global Investment Partners together with its partner Triton Development North ApS. The vendor of the historic building was Ejendomsselskabet Norden. Plesner has advised on the acquisition.

Gernandt & Danielsson advises in ALM Equity’s issue of subsequent bonds in the amount of SEK 275 million. The bonds are issued under the company’s outstanding bond loan with ISIN SE0008014690 and with a total frame of SEK 1 billion. The total outstanding amount after the issue of subsequent bonds will be SEK 600 million.

ALM Equity is a real estate development company. The company acquires, structures, develops and divests projects, in particular residential apartments.