Shearman & Sterling represented COIMA RES S.p.A. in connection with the institutional offering and concurrent listing of its ordinary shares on the Mercato Telematico Azionario, organized and managed by Borsa Italiana S.p.A. The transaction represents the first IPO of an Italian property company in a decade.
Frasers Hospitality Real Estate Investment Trust (“FH-REIT”), a Singapore-listed REIT with an investment focus in the hospitality industry and which is part of the stapled
group known as Frasers Hospitality Trust, has expanded its footprint to Germany with the execution of a sale and purchase agreement to acquire the Maritim hotel in
Dresden. The acquisition is expected to be completed in Q2 2016. The property is a 328-room hotel located in the historical city centre of Dresden, the capital of the
The PPP and Corporate teams of Gowling WLG France have advised Altitude Infrastructure in relation to a 30-year, €500 million public–private partnership agreement.
The agreement is for the financing, design, construction, maintenance and operation of a new high speed fibre-to-the-home network in the Alsace Region, France. The project will connect approximately 370,000 households across more than 700 municipalities.
Gernandt & Danielsson advises in AS Pro Kapital Grupp’s issue of subsequent bonds with a total nominal value of 15 million EUR
The bonds are issued under the company’s outstanding bond loan with ISIN SE0006504379. In connection with the subsequent bond issue the group will pledge its shares in Tallinna Moekombinaat to the agent, as representative for the bondholders.
AS Pro Kapital Grupp is a real estate development company primarily operating in the Baltic countries.
The first two schemes have now been launched, with debt funding from M&G Investments. LINQ acquired 50 flats at Zenith House, Colindale and a further 27 flats in the Mildmay regeneration scheme, Shoreditch from Genesis Housing Association.
Slaughter and May advised UK Asset Resolution Limited (UKAR) on the sale of NRAM plc to Cerberus in connection with the sale of a portfolio of residential mortgages and unsecured loans from the legacy book of NRAM, part of the former Northern Rock mortgage business, which completed in December 2015. In addition to the share sale, the advice also concerned arrangements relating to the prior transfer of assets and liabilities not included in the sale to Cerberus to a newly established subsidiary of UKAR - NRAM (No. 1) Limited.
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The Liverpool Corporate team of top 45 Law Firm, Weightmans, has advised Huws Gray Limited on their latest acquisition of the entire issued shared capital of Shropshire Building Supplies Limited.
Shropshire Building Supplies is a major 5 site business and represents a further significant step towards expanding their regional presence in the Midlands for the Anglesey based company.
Terry Owen, the managing director of Huws Gray said:
King & Wood Mallesons (KWM) have advised Peet Limited, one of Australia’s largest listed residential land developers, on its offering of simple corporate bonds. This is the second simple corporate bond offering under legislation passed in August 2014 aimed at cutting red tape for borrowers seeking to tap the retail bond market.
The transaction will enable Peet to access an alternative funds source for future strategic investments. The KWM team was led by Partners Brian Murphy and Phil Harvey and Senior Associates Jo Dodd and James Parkin.
Gleiss Lutz has advised global real estate management firm Invesco Real Estate and BNP Paribas REIM on the acquisition of Designer Outlet Wolfsburg for state pension fund Bayerische Versorgungskammer. The designer outlet centre was sold by Europa Capital LLP and Hans Dobke, managing director of Outlet Centres International, who retains a minority interest. Invesco Real Estate will manage the centre together with Outlet Centres International. The transaction was closed on 29 April 2016.
Global law firm Norton Rose Fulbright has advised a consortium of construction and engineering companies in relation to the project financing of a convention center, the “Ahoy” arena and the surrounding area of Zuidplein, Rotterdam.