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Real Estate & Construction

Davis Polk Advises Wuxi Construction and Development Investment Company Limited on Its $300 Million 3.25% Guaranteed Bonds Offering

28 Jun 2016

Davis Polk advised Wuxi Construction and Development Investment Company Limited in connection with the $300 million 3.25% guaranteed bonds due 2019 (the “Bonds”) issued by Xihui Haiwai I Investment Holdings Co., Limited, an indirectly wholly owned BVI subsidiary of the Company.

Deutscher Studenten Wohn Bond Heuking Kühn Lüer Wojtek issues second bond of EUR 63.5 million

23 Jun 2016

A team led by Dr. Peter Zimmermann and Dr. Thorsten Kuthe, both partners of business law firm Heuking Kühn Lüer Wojtek, legally advised Deutsche Real Estate Funds (DREF) on issuing a bond of EUR 63.5 million. DREF intends to use the proceeds to acquire and renovate five student dormitories. The buildings with 1,100 units are located in Berlin, Halle, Ludwigsburg, Siegen, and Stuttgart.
 

KWM advises Icon Group on JV with Yibai Healthcare

23 Jun 2016

King & Wood Mallesons is advising Australia's largest provider of medical oncology, Icon Group on a joint venture with Yibai Healthcare to run radiation oncology centres in China.

Icon entered into an agreement with China's Yibai Healthcare which is part of the Shanghai-listed GuiZhou YiBai Pharmaceutical company. Yibai raised approximately $500 million to establish the new cancer centres over two years.

Quadrant Private Equity owns 55% of Icon, the group’s clinicians own the remainder.

Gernandt & Danielsson advises in Tobin Properties issue of bonds

23 Jun 2016

Gernandt & Danielsson advises in Tobin Properties issue of corporate bonds amounting to SEK 225,000,000.

The net proceeds will be used in investments in new projects and for redemption of preference shares of series A corresponding to a total redemption amount of SEK 110,000,000. The bonds are issued within the framework amount of SEK 500,000,000. The company’s intention is to list the bonds on Nasdaq First North Bond Market within 30 days from the issue date.

Hannes Snellman Counsel to YIT Corporation in a JV with Etera, Onvest and Fennia concerning Mall of Tripla Project

22 Jun 2016

YIT Corporation, Etera Mutual Pension Insurance Company, Onvest Oy, and Fennia Mutual Insurance Company completed on 22 June 2016 a transaction under which the parties created a joint venture for the implementation of the Mall of Tripla and its parking facilities. A consortium consisting of the European Investment Bank (EIB), the Nordic Investment Bank (NIB), Danske Bank, and Handelsbanken granted the project 10-year project credits amounting to a total of approximately EUR 300 million, which will finance half of the construction of the Mall of Tripla.

Clifford Chance advises on sale of Americana, the largest M&A deal in the Middle East in 2016

20 Jun 2016

Clifford Chance is advising Al Khair National for Stocks and Real Estate (Al Kharafi family) on the sale of its majority stake in Americana, the leading F&B business in the Middle East.

With a network of over 1,200 outlets, Americana is the largest operator of restaurant chains in the MENA region, including brands such as KFC, Pizza Hut, Hardee's, TGI Friday's, Costa Coffee and Krispy Kreme.

In addition, Americana has one of the region's most significant food manufacturing businesses, including California Garden.

Bär & Karrer Advises as Transaction Counsel on Placement of CHF 250 Million 0.25% Convertible Bonds by Swiss Prime Site

17 Jun 2016

Swiss Prime Site AG has successfully placed CHF 250 Million 0.25% convertible bonds due 2023. The bonds were issued at 100% of their principal amount and will mature on 16 June 2023 at 100% of their principal amount unless previously redeemed, converted or repurchased and cancelled. Credit Suisse AG and J.P. Morgan Securities plc acted as Joint Bookrunners in this transaction.