Slaughter and May advised Derwent London plc (Derwent), a leading London property developer and investor, in relation to a note purchase agreement for the issue and purchase of £105 million private placement notes.
The cooperation means that Newsec Egeskov & Lindquist will be a leading player in the Danish real estate market with a focus on advisory services in transactions, valuation and analysis, and rental.
DTZ Egeskov & Lindquist is one of Denmark’s largest property advisors and was appointed in 2015 by Euromoney as “Best Advisor & Consultant Overall – Denmark”.
Newsec is the leading property advisor in the Nordic region.
Setterwalls’ team consisted of Håkan Fohlin and Sophia Spala.
Trowers & Hamlins has provided funding and tax advice to Tirion Group for the not-for-profit organisation's 'Ely Mill' project, the development of the former Arjo Wiggins Paper Mill site in Cardiff. The £100 million project is intended to help address the shortage of affordable housing in the area and is one of Wales' largest urban regeneration projects.
New urban quarter being created on former Copenhagen wholesale market site
Danish residential property developer FB Gruppen acquires a large site in Valby, Copenhagen, which currently houses the wholesale market for fruit, vegetables, flowers and plants. The acquisition includes 160,000 square metres at a value of approx DKK 600m.
The property was acquired by a Jersey SPV with bank debt provided by Deutsche Pfandbriefbank into a Shari'ah-compliant structure.
Located in the centre of Crawley, the property was developed by Land Securities in 2014. Anchor tenants include Morrisons and Travelodge with an average unexpired lease term of 15 years across the tenancy portfolio.
This is the second major UK acquisition which the firm has acted for 90 North this year, the other being the £23.5 million acquisition of the Riverside East office building in Sheffield.
Noerr has advised the shopping centre company Unibail-Rodamco Germany GmbH (formerly mfi Management für Immobilien) on the sale of the post office site next to Würzburg Central Station. The buyer is the project development company Beethovengruppe.
The German subsidiary of Unibail-Rodamco SE, the largest listed company in Europe in the commercial real estate sector, is selling a site of some 33,500 square metres in Würzburg, Bavaria. The site is to be completely transformed over the next few years.
Nabarro has advised Roxhill Developments Group on its partnership with SEGRO plc in respect of a portfolio of big box logistics warehouse development sites in the South East and Midlands.
In 2010 Nabarro advised on the original formation of Roxhill which has gone on to become a highly respected logistics developer. Roxhill Management Rugby Limited (RMRL) will act as development manager to the new partnership and will work exclusively with SEGRO once Roxhill has completed a number of existing development projects with other partners.
Schoenherr advised French Amundi Real Estate on the purchase of the office buildings "Florido Tower" and "Solaris" in Vienna. They were sold by German based Union Investment Real Estate GmbH, and are part of the 1 billion Euro "Aqua" portfolio, comprising 17 office buildings with a total lettable area of 278.000 m² in six Western European countries. With the purchase of the office buildings in Vienna, the deal is said to be one of last year`s largest portfolio transactions, and is now completed.
DLA Piper has advised Market Tech Holdings on its acquisition of 101 Camley Street, which is located in the London Borough of Camden adjacent to the rapidly changing King’s Cross Central redevelopment area, for a total cash consideration of circa £36.7 million. Market Tech Holdings owns 15 acres of iconic London real estate assets, including the main Camden Markets, with digital capabilities to deliver commercial, residential, living leisure and retail space.
Eversheds has successfully acted for Dublin-based building company John Sisk & Son, in a dispute against Spanish specialist power plant building company Duro Felguera. The verdict ordered Duro Felguera to pay £10m plus interest to the Dublin construction firm.
Duro and Sisk were in dispute over the correct price for work under contract after Duro commissioned Sisk to carry out engineering works at a gas power plant in the UK.