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Real Estate & Construction

DWF advises Moda Living on £128m Manchester based Angel Gardens scheme

10 Feb 2016

DWF has advised Moda Living on their acquisition, with Apache Capital, of the Angel Gardens scheme, part of the NOMA regeneration project, near Victoria Station, Manchester.

This major residential deal will provide a 34-storey property, totalling 520,000 square feet and comprising 458 apartments for rent.  It will have a seven-storey glazed foyer, a cinema room, gym, four restaurants, retail units, digital integration and a multi-functional roof terrace.

Milbank Advises Bilfinger on Sale of Water Technologies Division

10 Feb 2016

Milbank, Tweed, Hadley & McCloy LLP has advised the engineering and services group Bilfinger on the sale of its Water Technologies division. The buyer is the Chinese company Chengdu Techcent Environment Group, which has been active in the water technology sector for many years. Bilfinger’s net proceeds from the sale are expected to amount to approximately 200 million euros.

McDermott Advises on Major Healthcare Transaction between Pessina Costruzioni and Equitix Infrastructure Fund

09 Feb 2016

McDermott Will & Emery represented Pessina Costruzioni, a sponsor and main shareholder, in the transfer of 85 percent of shares in its subsidiary Garbagnate Salute to the UK-based infrastructure fund Equitix. Garbagnate Salute is a special purpose vehicle created to design, build, finance and operate the new Hospital of Garbagnate Milanese. The investment exceeds €130 million.

The McDermott team was led by partner Marco Cerritelli supported by associates Valentina Perrone and Paolo Cocchini.

P+P advises Union Investment Real Estate GmbH with regard to tax matters in the sale of Äppelallee Center Wiesbaden

08 Feb 2016

After a five-year holding period, Union Investment Real Estate GmbH (Hamburg) sold the Wiesbaden retail center Äppelallee Center, which is part of its open-ended real estate fund "UniImmo: Germany". Immobilien Service-KVG IntReal, which is responsible for the administration of the open-ended retail fund Pradera, an open special AIF, acquired the premises.

White & Case Advises Meyer Bergman on Acquisition of 38-Property Portfolio in France

05 Feb 2016

White & Case LLP has advised Meyer Bergman, a European real estate investment and fund management firm, on the acquisition of a portfolio of 38 French properties through one of its pan-European funds.

The portfolio, comprising high street properties, retail parks, mixed-use properties and shopping galleries, was acquired from institutional investors for more than €100 million.

White & Case Advises Redwood Group on Strategic Merger

05 Feb 2016

White & Case LLP has advised specialised logistics real estate development firm, The Redwood Group (Redwood) on an all-stock merger with e-Shang Cayman Limited, a leading Chinese logistics developer, owner and operator of warehousing infrastructure.

The combined group, which will be renamed e-Shang Redwood, will represent one of the largest logistics real estate platforms in Asia with more than 3.5 million square meters of projects owned and under development across China, Japan and South Korea, and capital and funds management offices in Hong Kong and Singapore.

Trowers & Hamlins advises Network Housing Group on two new JVs with Stanhope

04 Feb 2016

Network and Stanhope have joined together in two projects: the first relates to the sale and potential redevelopment opportunities for the existing Network asset at Grosvenor House, Drury Lane, and the second project relates to an ambitious Build-to-Rent portfolio.  The partnership aims to have over 1,000 homes in its portfolio within the next three years.

Real Estate partners Sara Bailey and Amy Shaw advised Network with assistance from partner Ian Dobinson on corporate aspects and managing associate Rebecca Gibson on the property and due diligence side.

Nabarro advises Cicerone Fund on acquisition of Waterstones' landmark Piccadilly bookstore

04 Feb 2016

Nabarro has advised CBRE Global Investors and Fabrica SGR, the adviser and asset manager of the Cicerone Fund respectively, on the acquisition of the long-term leasehold of the Waterstones flagship store located in 203-206 Piccadilly, London, for £92 million from Meyer Bergman. This marks the debut for the ambitious international expansion of the Cicerone Fund, an Italian property fund dedicated to Cassa Forense, the Lawyers’ National Pension Fund.

Advising Hsin Chong Construction Group on US$150 million Issuance of High Yield Bonds

04 Feb 2016

Simmons & Simmons has advised Hsin Chong Construction Group (the “Company”) on a public issuance in the professional investors market of high yield bonds in the amount of US$150 million in January 2016.

Hsin Chong Construction Group is one of the largest construction and property development companies based in Hong Kong.

Simmons & Simmons acted for the Company and more than 40 subsidiary guarantors to complete the transaction.