The international legal firm Osborne Clarke advised Global Student Accommodation (GSA) on the acquisition of the Headquarter portfolio, including about 1,000 student accommodations, from Devario Invest GmbH.

GSA, a leading provider of student accommodations, creates, manages and finances real estate projects. The acquired Headquarter portfolio includes sites in Munster, Dresden, Darmstadt and Frankfurt. Hereby, the British investor and facility operator enters into the German market and continues its expansion course.

Hemsö has acquired a second elderly care home in Darmstadt, Germany from a Luxembourg fund. The home is operated by Deutsches Rotes Kreuz.

Hemsö is a property company that owns, manages and develops buildings for community services in Sweden and Germany. Hemsö's property portfolio in Germany, managed from the company's office in Berlin, comprises 33 elderly care homes. The Hemsö group is owned by The Third Swedish National Pension Fund (85%) and Sagax (15%).

Clifford Chance has advised PATRIZIA Immobilien AG on its acquisition of the "Cloud 9" portfolio from Allianz Lebensversicherungs-AG and Allianz Versicherungs-AG. In addition to the Sprinkenhof building in Hamburg, the portfolio comprises another eight high-end office and commercial properties located in Düsseldorf, Frankfurt, Hamburg, Hanover, Munich and Stuttgart.

Art-Invest Real Estate has acquired a data centre in Gutleutstraße 310 in Frankfurt as part of an asset deal. The data centre is rented by a prestigious operator; the purchase price was not disclosed. The real estate team of King & Wood Mallesons LLP (KWM) provided legal and tax advice to the purchaser.

The property has a land area of 20,000 m². The seller is the MELF Monti I S.à r.l., which was advised by K&L Gates LLP.

King & Wood Mallesons (KWM) advised Chongqing Nan’an District City Construction Development (Group) Co. Ltd. as its international counsel on its offering of US$800 million bonds, which consists of US$300 million 3.625% bonds due 2019 and US$500 million bonds due 2021. This transaction is the first USD bond offering issued under the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity signed early this year (the Chongqing Initiative).

Stibbe advises Heijmans and Facilicom in connection with their joint venture for the Design, Build, Maintenance and Operation of the New Amsterdam Courthouse PPP project.

Niederer Kraft & Frey (NKF) has advised WindowMaster Group (WindowMaster) based in Denmark on its acquisition of the Swiss assembly service provider Focair SA. NKF has supported the Danish law firm Lundgrens as Swiss counsel. The closing took place at the end of June 2016. The parties agreed to keep the purchase price confidential.

London – Paul Hastings LLP, a leading global law firm, announced that it has advised Invesco Real Estate on a series of transactions:

* the sale of the Radisson Blu Hotel in Hamburg to Azure Hotels, which was one of the largest single asset hotel transactions in Germany in 2015
* the sale of the Holiday Inn Hotel and the Indigo Hotel in Berlin to Azure Hotels

Baker & McKenzie has advised affiliates of City Developments Limited (CDL), Singapore-listed international real estate operating company on the signing of two hotel management agreements with Marriott International, Inc. (NASDAQ: MAR).

Supported by Noerr, an incentivised early conversion of a convertible bond in exchange for shares has been carried out for the first time ever in the German capital markets. TAG Immobilien AG (TAG) successfully concluded the offer for early conversion of the 2012/2019 convertible bond with 94% take-up.