Hengeler Mueller was once again successful for Nordcapital Treuhand GmbH & Cie. KG ("Nordcapital Treuhand") in the defense against pending damage claims.

In December 2015, the Regional Court of Hamburg rejected damage claims brought by three investors against Nordcapital Treuhand (press report of 22 December 2015). The investors had alleged that the prospectus launched for the closed-end shipping fund was incorrect and incomplete and had demanded the reversal of their investment.

Advising the company John Paul in connection with the sale of 80% of its shares to AccorHotels. The remaining stake being kept by David Amsellem, the founder of the company, who will remain as CEO.

Global law firm Norton Rose Fulbright has advised real estate developer HB Reavis on the sale of 33 Central, London, to US bank, Wells Fargo.

33 Central is a state of the art 11-storey, 227,000 sq/ft building in London’s financial district, designed by award-winning British architecture practice John Robertson Architects, with panoramic views of the City of London and the Thames from the roof garden.

Neil Biswas, partner, Norton Rose Fulbright commented:

Global law firm Norton Rose Fulbright has advised Quintain Limited on the sale of its wholly-owned subsidiary Grafton Advisors (2006) LLP to GreenOak Real Estate.

Grafton is the property adviser to the West End of London Property Unit Trust (WELPUT), the specialist real estate fund which invests in central London offices. WELPUT is managed by Schroders and is the top performing fund in the Association of Real Estate Funds Index over the past 10 years.

Clifford Chance's Dubai office has advised Majid Al Futtaim Holding LLC and Majid Al Futtaim Properties LLC on the tap issuance by MAF Global Securities Limited of US$300 million 4.75% per annum notes due 2024 (consolidated and forming a single series with the US$500 million 4.75% notes due 2024 issued on 7 May 2014). The notes were issued under the MAF Global Securities Limited US$3 billion global medium term note programme guaranteed by Majid Al Futtaim Holding LLC and Majid Al Futtaim Properties LLC.

Eversheds worked with the British development firm Banks Group in relation to the Highthorn Surface Mine, which Northumberland County Council members unanimously resolved that they were minded to grant on 6th July.

Advising Tishman Speyer Management OPCI in connection with the acquisition from Dexia (sale & lease back transaction) and the financing of the office tower CBX located in La Défense with a surface area of 41.000 sq.m.

Membres

* Eloïse Koudou
* Grégoire Balland
* Guillaume Rossignol
* Katia Belhiteche
* Nicolas Bricaire

Green Light for Innovative Mixed-Use Development in South Downs National Park

Work to develop a 15- acre brownfield site in the historic town of Lewes, East Sussex is to begin following the completion of final legal requirements. Planning for the North Street Quarter development was approved in December 2015 by the South Downs National Park’s planning committee. Permission was granted in May 2016 and the judicial review period has just concluded. The way is now clear for work to start on the site.

Allen & Overy LLP advised a joint venture consisting of RFR Group, DC Values and other parties as borrower in relation to the financing of the "Upper Zeil" project development in Frankfurt am Main.

Addleshaw Goddard has advised long standing retail property client an plc ("Hammerson") on part of its disposal programme involving two key asset sales.

In June, the AG team advised on the sale of Thurrock Shopping Park, Essex, to TH Real estate for £93 million after a significant redevelopment programme by Hammerson. The company is retaining a 26 acre site at Thurrock for development, with the aim of building additional retail alongside 320 residential units.