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Real Estate & Construction

Ashurst advises Greenland on securing planning permission for Hertsmere House

04 Apr 2016

Ashurst advised Greenland Group, a major Chinese state-owned real estate developer, on securing planning permission for its proposals at Hertsmere House in West India Quay within London Docklands.

Hertsmere House, which is expected to be Western Europe's tallest residential building, is one of the most significant projects that Greenland Group is currently promoting as it represents, together with the Ram Quarter, its first venture into the London property market.

Allen & Overy advises Bilfinger on sale of MCE Group to Habau

01 Apr 2016

Allen & Overy LLP advised the internationally leading engineering and services group Bilfinger on the sale of the Bilfinger MCE Group to Habau, a company domiciled in Perg in Upper Austria. The parties agreed not to disclose the purchase price. The transaction is still subject to clearance by the German and Austrian cartel authorities and is expected to close in the second quarter of 2016.

Cornerstone Real Estate Advisers sells four shopping centers

01 Apr 2016

Cornerstone Real Estate Advisers has sold four shopping centers from its fund Nordic Retail Fund (NRF) to an international joint venture, led by Valad.

The four shopping centers are Magasinet in Örnsköldsvik, Kulan in Karlskoga, Kvarnen in Mjölby and Axet in Nyköping. The properties have a total of 45 000 square meters of leasable area.

The parties have agreed that the purchase price is confidential.

Houthoff Buruma Advise CBRE Global Investment Partners on setting up a Dutch fund

31 Mar 2016

Advised CBRE Global Investment Partners, part of one of the world’s premier, full-service commercial real estate services and investment companies, on setting up a Dutch fund targeting European co-investment and joint venture strategies, having raised a total of  USD 840 million of equity sourced from six investors.

Houthoff Buruma team included: Oscar van Angeren , Harm-Paul Plas , Daan Horsthuis , Wouter Ekkelkamp , Helena Sprenger , Jeroen Vossenberg , Sylvia Dikmans , Michal Lorenc , Gerard van der Linden , Mattijs Bosch , Aline Kiers

Shoosmiths advises IM Properties from acquisition to redevelopment and letting of 55 Colmore Row

29 Mar 2016

Shoosmiths has advised IM Properties on their acquisition, redevelopment and letting of part of 55 Colmore Row to law firm Pinsent Masons.

IM Properties, one of the UK's largest privately owned property groups, is letting the first and second floors of office space to Pinsent Masons, a total of 40,000 sqft.

Linklaters advises Chinese Estates' on first acquisition in London since 2011

29 Mar 2016

Linklaters has acted for Chinese Estates’ on its acquisition of 14 St George Street, Mayfair, in what is believed to be the first deal since it acquired Goldman Sachs' HQ in Fleet Street for £300m in 2011.

The Mayfair office is the London headquarters of private bank Kleinwort Benson and was sold by Aberdeen for £121.7m bringing in a 3.5% yield.   Designed by Eric Parry, the four-storey building comprises 51,861 square feet and is located on Bond Street, close to the entrance to the Elizabeth Line.

Norton Rose Fulbright advises on Beijing Capital Land A-Share offering

24 Mar 2016

Norton Rose Fulbright has advised Beijing Capital Land Ltd on its proposed A-share offering and listing in the People’s Republic of China.

The board of directors proposes to issue not more than 370 million A-shares, at a price to be determined by consultation with lead underwriters, to qualified investors on either the Shanghai Stock Exchange or the Shenzhen Stock Exchange.

Beijing Capital Land Ltd. is a leading integrated real estate developer in China and listed on the Hong Kong Stock Exchange in 2003.

Norton Rose Fulbright advises Renhe Commercial on US$3 billion property portfolio disposal

24 Mar 2016

Norton Rose Fulbright has advised Renhe Commercial Holdings Limited on its disposal of a property portfolio with an aggregate net asset value of RMB20 billion (US$3 billion).

The portfolio involves 44 underground shopping malls across 24 cities in the People’s Republic of China and constitutes a “Very Substantial Disposal” for Renhe Commercial under the listing rules.