One of London’s biggest rental housing schemes is set to be developed on the site of the historic EMI vinyl pressing plant after a deal between HUB and Fizzy Living in Hayes, west London.

Fizzy Living is to forward fund the Material Store, a 189-home built to rent scheme which is part of the Old Vinyl Factory, where some records by David Bowie and The Beatles were pressed.

It is being delivered by HUB, a developer of mid-market London homes, in partnership with Bridges Ventures, a social impact investor.

Herbert Smith Freehills has advised London-based Brompton Asset Management on the A$70 million sale of its prime office asset in Canberra’s CBD.

Located at 255 London Circuit, the property was sold to Growthpoint Properties Australia Limited, with settlement of the deal finalised this month.

The office building, a crown leasehold interest, is leased to the Commonwealth of Australia represented by the Department of Foreign Affairs and Trade. The current lease term is due to expire in September 2027, with one further option of five years.

Delphi has assisted K/S Bolandsgatan in the sale of a property in Uppsala. The property has an excellent trading location in the district Boländerna. The majority of the property is occupied by a building erected in 2003 which was sold fully leased.

Delphi's team consisted of responsible partner Anders Hulegårdh assisted by Rickard Isacson.

Hong Kong - Paul Hastings announced today that the firm represented Hong Kong-listed Evergrande Real Estate Group Limited (“Evergrande”), China’s second largest property developer by sales, in  its US$1.6 billion acquisition of Pioneer Time Investment Limited, a company incorporated in the British Virgin Islands with limited liability, from Chinese Estates Holdings Limited. The principal asset of the target is a Grade A office and commercial building in Hong Kong, in the core area between Admiralty and Wan Chai.

Norton Rose Fulbright has advised on the placing of 90,202,500 new shares (the “Placing Shares”) in CNQC International Holdings Limited (“CNQC International”) at HK$2.40 per share, which amount to a gross proceed of approximately HK$216.5 million (the “Placing”).

CNQC International is a Hong Kong listed company principally engaged in the foundation and machinery leasing businesses in Hong Kong and Macau as well as the property development and construction businesses in Singapore.

Stibbe advises the Utrechtse Tulp consortium (Mourik/Volker Wessels) on a dispute with the Directorate-General for Public Works and Water Management in respect of the project concerning extensive maintenance and preparation of the extension of the national highways A27 and A28.

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Ingmar de Groo

In the summer of 2014 we advised Strabag SE, one of Europe's largest construction groups, on the acquisition of the one-third of the share capital it did not already own in Societatea Companiilor Hoteliere Grand SRL, a Romanian company which owns the JW Marriott Bucharest Grand Hotel. The hotel opened in November 2000 and is the largest in Bucharest.  The seller was Bank of Cyprus and the price was €95 million. Strabag has more than 73,000 employees and its activities span all areas of the construction industry and cover the entire construction value chain.

Setterwalls has assisted KF Fastigheter in the sale of two development properties with an approximate land area of 90 000 sq. m. to Skandia Fastigheter. The properties are located in in one of Gothenburg's most expansive areas – Backaplan/Hisingen.

Setterwalls team was led by Kristina Einarsson, assisted by Nicole Hervidsson

Ashurst advised IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (IntReal) on the acquisition of a real estate portfolio from DIC Asset AG by way of a share deal. The purchase price for the nine commercial properties in Berlin, Cologne, Frankfurt, Munich as well as in other economically strong regions was c. €270 million.

Transaction marks the largest PE deal of the year so far

Alberta Investment Management Corporation (AIMCo) has announced the sale of its 50% stake in Autopista Central de Chile, a Santiago-based toll road infrastructure asset, to Abertis Infraestructuras SA (Abertis) for EUR948 million.