International law firm Freshfields Bruckhaus Deringer has advised Tianjin Infrastructure Construction & Investment Group Co., Ltd. (Tianjin Infrastructure) on its debut international issuance of US$500m senior bonds. The bonds have been listed on the Hong Kong Stock Exchange.
Global law firm Norton Rose Fulbright has advised Beijing Capital Land Ltd on the acquisitions of four target companies and related shareholders’ loans from its controlling shareholder, Beijing Capital Group Co., Ltd, and its subsidiaries. The acquisitions involve an aggregate value of US$640 million.
The target companies hold property and primary land development projects in Chongqing, Shenyang and office properties in Beijing.
Davis Polk advised Poly Real Estate Finance Ltd, an indirect wholly owned subsidiary of Poly Real Estate Group Co., Ltd. (Poly Real Estate), in connection with its cash tender offer for its outstanding $500 million 4.50% guaranteed bonds due 2018 and $500 million 5.25% guaranteed bonds due 2019.
Poly Real Estate is a leading property developer in China and the largest state-owned real estate company in China. Its ordinary shares are listed on the Shanghai Stock Exchange.
The "Energy" division of the French industrial group Eiffage acquires the family and management owned Yerly Installations SA, based in the canton of Fribourg and operating throughout the French speaking part of Switzerland. Both Eiffage and Yerly Installations SA will join force to foster within Switzerland the development of the activities carried out so far by Yerly in the heating, vents and construction sectors. The historical management will remain in place.
Dechert advised Singapore-based private equity real estate firm SilkRoad Property Partners as lead counsel in connection with the final close of its latest real estate fund, SilkRoad Asia Value Partners, at US$445.5 million, in excess of its US$350 million target.
The fund was launched in August 2014 and achieved its first closing on December 5, 2014. Its investors include insurance companies, endowments, pension funds and other top-tier institutional investors from Europe, North America and Asia.
International technology, media and telecoms law firm Olswang has advised leading online estate agent, HouseSimple, and its founders on a multi-million pound equity fundraising round, involving an institutional investor and Carphone Warehouse founder and existing shareholder, Sir Charles Dunstone.
HouseSimple offers a full estate and letting agency service for a fixed fee contingent on the successful sale of the property plans. The company plans to leverage this cash injection to further develop its offering and build market share.
London—Dentons has acted as sole legal advisors to Taylor Wimpey Central London, the specialist central London division of FTSE-100 house builder Taylor Wimpey Plc., on its acquisition of a half-acre site in central London from Linkcity (formerly known as Bouygues Development). The Ebury Centre site is based on Sutherland Street in the sought after area of Pimlico, SW1.
Clifford Chance has advised RFR Holding GmbH on the sale of the Frankfurt IBC Campus to GEG German Estate Group AG as part of an off-market transaction. The transaction has a total investment volume of approximately EUR 400 million, making it the largest single property deal in Germany in 2016.
Fieldfisher was a member of the professional team that advised on the sale of 100% of RPC Land & New Homes Limited ("RPC") to RPC Employee Trustee Limited (the "Trustee"), the trustee of an employee-ownership trust ("EOT") in August 2015. RPC is believed to be the first real estate agency to move to employee ownership. Employee ownership has demonstrably secured the independence of the RPC Land & New Homes business and boosted the teamwork on which its success depends.