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Real Estate & Construction

Jorcks acquires investment property in Strøget

18 Feb 2016

Jorcks Ejendomsselskab has acquired the property Frederiksberggade 19 in central Copenhagen. The property, which is let out to Havanna Shoes, was acquired from Casa A/S. Plesner assisted Jorcks Ejendomsselskab with the transaction.

The acquisition of the property, which was constructed in 1907 and which has a total area of 615 sqm, is a part of Jorcks Ejendomsselskab's future remodelling and improvement of the adjoining property Frederiksberggade 21 which is let by Lagkagehuset, among others.

Stibbe advises Colliers International

18 Feb 2016

Stibbe advises Colliers International, a global leader in commercial real estate services, on its acquisition of WPM, Netherland’s leading property and asset management company.

This acquisition anchors Colliers International’s position in the Dutch real estate market as a market leader with a full range of professional real estate services.

Team: Maarten de Bruin, Duco de Boer, Paul Quist, David Meijeren, Sophie Zwartkruis-Bakker, Boris Cammelbeeck, Hannes Bierman, Frédéric François, Johan Zwemmer

Clifford Chance advises Heitman on the acquisition of a real estate portfolio from Grainger

17 Feb 2016

Clifford Chance advised two special-purpose vehicles - acting for a residential properties fund recently launched by global real estate investment manager Heitman - on the acquisition of a real estate portfolio from British property manager Grainger and on the launch of the fund with a target equity capital volume of ap-proximately EUR 250 million.

The real estate portfolio was acquired by way of a share deal. The parties have agreed not to disclose the purchase price.

Clifford Chance advises Atrium on the sale of Czech retail portfolio

16 Feb 2016

The Clifford Chance Prague Real Estate team have advised Atrium European Real Estate on the successful sale of a portfolio of retail assets in the Czech Republic. The sale by Atrium, undertaken as part of the rebalancing of its Czech portfolio, included the disposal of ten of its non-strategic assets to a private client account managed by Palmer Capital, a real estate investment management company. The asset value of the sale exceeded EUR 100 million.

Debevoise Advises Beacon Capital Partners in its Sale to AXA Investment Managers - Real Assets of the Tour First Office Tower

16 Feb 2016

The Paris office of Debevoise & Plimpton LLP has advised Beacon Capital Partners (“Beacon”) in the sale of the Tour First office tower to AXA Investment Managers - Real Assets (“AXA IM - Real Assets”).

Beacon owned the tower, which is the tallest building in France, through an investment vehicle of its fund Beacon Capital Strategic Partners V. It first purchased a 50% interest in the building in 2007, acquiring the remaining 50% interest in 2011 after an extensive redevelopment.

Norton Rose Fulbright acts for AEP Investment Management in innovative Shariah compliant deal

15 Feb 2016

An Asia-Pacific team from Norton Rose Fulbright advised Singapore-based AEP Investment Management (AEPiM) on its acquisition of 41 George Street, in the Brisbane CBD, from two QIC funds. The 27 storey tower was sold for $159.8 million to Basil Property Trust, a Shariah-compliant, cross-border business space fund managed by AEPiM.

The real estate asset was keenly contested, given it was almost wholly leased to the State of Queensland and is situated in a precinct which, with recent and future developments, is emerging as a new hub for entertainment, government and education.

Slaughter and May advised Legal & General - acquisition and leaseback of a portfolio of 7 public houses with Marston's Estates Limited

15 Feb 2016

Slaughter and May advised Legal & General on the acquisition and leaseback of a portfolio of 7 public houses with Marston's Estates Limited for a total purchase price of £25.32 million. The leases to Marston's are for a 40-year term. The portfolio is comprised of two long leasehold and five freehold public houses, the majority of which are newly built. There are options for the properties to be bought back from Legal & General on expiry of the leases. Shoosmiths LLP advised Marston's.

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Shoosmiths advises Dunedin Canmore Housing on £3.4m deal

12 Feb 2016

The Social Housing Real Estate team from Shoosmiths has advised Dunedin Canmore Housing on the phase 2 acquisition of their social housing development in Eskmills, Musselburgh.

Dunedin Canmore, part of Wheatley Group, is a non-profit making charity and leading provider of social housing in Edinburgh, the Lothians and Fife. They are a Registered Social Landlord, regulated by The Scottish Housing Regulator. The development, in Musselburgh, is part of a drive to help older people live independently in their homes for longer.