Nabarro has advised longstanding clients, Great Portland Estates plc (GPE) on a new £90 million loan with RBS and Crédit Agricole CIB for one of their joint vehicle ventures, the Great Ropemaker Partnership (GRP).
Eversheds advised Julius Tallberg-Kiinteistöt Oyj as it acquired two properties in Tuusula from private investors. The properties form a unitary whole and are located at addresses Louhostie 2 and Louhoskuja 4. The properties have been leased out with a long lease agreement to Chiller Oy, a leading Finnish manufacturer of heat pumps and refrigeration apparatus.
Stibbe advises Volker Wessels in connection with its bid for the prestigious PPP project "Courthouse Amsterdam", which includes the design, build, financing and operation of the new courthouse of Amsterdam.
Team: Ingmar de Groot, David Orobio de Castro, Robert Steeg, Vishal Devraj
A team of lawyers from international law firm Taylor Wessing has advised the shareholders of Hatton Real Estate Limited and Hatton Residential Limited on the sale of their shares in such companies to Colliers International Property Consultants Limited (a subsidiary of Colliers International Group Inc). Hatton Real Estate is one of London’s leading niche commercial property specialists. The businesses will rebrand as Colliers International immediately.
Norton Rose Fulbright has advised China Overseas Land & Investment Limited (COLI), a Hong Kong-listed company, on its acquisition of a property portfolio from CITIC Group for US$4.8 billion (RMB31 billion).
The transaction represents the largest M&A in China’s property sector, and a major consolidation between two large-scale state-owned enterprises. HSBC is the financial adviser to COLI while CITIC Securities is the financial adviser to CITIC Group.
Slaughter and May, Hong Kong, advised Swire Properties Limited on the issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 3.625% Guaranteed Notes due 2026. The Notes were issued under Swire Properties' US$3 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.
HSBC and J.P. Morgan acted as the Joint Lead Managers.
CONTACTS
Capital Markets: Lisa Chung (partner), Catherine Hau (associate), Adrienne Yeung (associate)
A London building made famous by appearing as Gotham City Police Station in Christopher Nolan's recent Batman trilogy has been sold in a major office redevelopment deal.
Nabarro has advised Great Portland Estates (GPE) on the simultaneous exchange of contracts on two separate central London deals with Deka Immobilien Investment worth a combined £335.35m. In the first transaction, GPE sold 33 Margaret Street, W1 to Deka-ImmobilienEuropa fund for £216.25m, reflecting £2,085 per sq ft and a net initial yield of 3.3%.
Bahnhofplatz-Gesellschaft Stuttgart AG belongs to the real estate group of Landesbank Baden-Württemberg (LBBW). Zentrum 01 GmbH, a company of Ferdinand Piëch Holding and Piëch Holding has acquired the real estate property, previously known as Hindenburgbau situated opposite Stuttgart's main train station, from Bahnhofplatz-
Gesellschaft AG for €101m. Parts of the transaction are also the buildings of Arnulf-Klett-Platz 1-3 and the courtyard building in Stephanstraße.
The FTSE-listed REIT has acquired a portfolio comprising of four retail sites in Colchester, Guildford, Portsmouth and Winnersh; three industrial properties in Chepstow, Redditch and Warrington; and two offices in Edinburgh and West Malling, with an average lot size of £6.1m. The portfolios boasts a range of occupiers including House of Fraser, H Samuel, Laura Ashley, Pets at Home, Poundworld, Reiss, Regus, Tesco and Wickes.