London —Dentons has advised Singapore-based City Developments on securing planning consent for a £200 million luxury retirement scheme in Knightsbridge, central London. The retirement homes will be built on a site which is currently being used as a car park close to well known department store Harrods.
Noerr has advised VICUS GROUP AG, Vicus Real Estate Group GmbH and Göpel Vermögensverwaltung GmbH on the sale of Immobilien Spaldingtor in Hamburg and Gohlis-Arkaden in Leipzig by way of a share deal. The buyers are S IMMO AG, German Property Invest Immobilien GmbH and WSV Beta Immoholding GmbH, all headquartered in Austria.
Global law firm Norton Rose Fulbright has advised TH Real Estate on the €250 million sale of three shopping centre portfolio companies in Italy and Spain to a joint venture between TPG Capital and Partners Group.
The properties are located in Bologna and Cosenza (Italy), and Elche (Spain) with a total floor space of approximately 70,000 sq.m.
Mark Lloyd Williams, partner, Norton Rose Fulbright commented:
Global law firm Dentons advised Cornerstone Real Estate Advisors GmbH on the acquisition of AIRE Klöpperhaus Verwaltungs GmbH – the entity which owns the Altes Klöpperhaus building - from Art-Invest Real Estate Group. The financing was provided by ING-DiBa. The purchase price was not disclosed.
London—Dentons has assisted Chase New Homes in securing planning consent for a 511-unit residential development scheme in Hertfordshire, UK, which is set to be the housebuilder's largest scheme to date.
GSK Stockmann + Kollegen advised the Diringer & Scheidel Group on the sale of Mannheims’ new city quarter Q 6 Q 7 by way of a share deal. This project is the largest ever in the company’s history of Diringer & Scheidel and at the same time one of the largest and most important inner-city projects in Mannheim during the last few decades. The parties agreed not to disclose the purchase price.
Global law firm Norton Rose Fulbright has advised long-standing client ADLER Real Estate AG (ADLER Real Estate) on the issuance of a convertible bond with a nominal value of approximately EUR 138 million. The convertible bond has a term of five years, a coupon of 2.5 per cent with an issue price of 95 per cent. The proceeds of the issue are primarily used for refinancing existing loans, financing future real estate acquisitions, modernising the company’s real estate portfolio as well as for general business requirements.
Macfarlanes has advised the Arora Group on the exchange of a landmark development agreement to build a new 298-bedroom hotel at Terminal 2 (the Queen’s Terminal), Heathrow. This is the first hotel planned within the Central Terminal Area.
This follows Macfarlanes advising on agreements for the development of two new hotels – the Crowne Plaza London and Holiday Inn Express London – for Heathrow’s Terminal 4 and the purchase of the Hilton London Stansted.
Seoul - Paul Hastings, a leading global law firm, announced today that the firm represented GS Engineering & Construction Corp. (“GS E&C”) in its issuance of US$150 million convertible bonds due 2021, with HSBC acting as the sole underwriter, which closed on July 21. The bonds were listed on the Singapore Exchange.
We acted for UK student accommodation provider Ziggurat in the acquisition of a number of sites for development in Dublin. Our cross-departmental team of Real Estate, Construction, Financial Services, Investment Funds, Corporate and Tax lawyers provided bespoke advice.
From IrishTimes.com:
UK student accommodation provider Ziggurat has bought a number of sites in Dublin’s north city centre as part of a €400 million Irish expansion plan, after redeveloping the former Montrose hotel near UCD in recent years.