CMS has advised the Asbud Group on the acquisition of land for development in Warsaw. The property developer plans to build about 1,100 apartments at ul. Grzybowska 85 and ul. Karolkowa 28.
ROME (10 November 2015) – International law firm McDermott Will & Emery has been appointed legal adviser to Areale di Bolzano S.p.A. (ABZ), a special purpose entity entrusted by the Municipality and the Autonomous Province of Bozen, in connection with the implementation of a EUR800m Masterplan to transfer the existing railway infrastructure, and related urban regeneration and private and public asset development.
We acted as counsel in a finance arrangement where Sponda Plc signed a 5-year loan agreement for EUR 80 million with Pohjola Bank plc, Danske Bank A/S, Helsinki Branch and Nordea Bank Finland Plc. The loan is unsecured.
The C&S team included Partner Tero Tuomisto and Associate Riikka Mustonen.
RPC has won an important case at the Court of Appeal, successfully overturning a decision that had incorrectly ruled that its client’s property valuation was negligent.
RPC was acting for Colliers International, the global commercial property consultancy which had valued a German property that subsequently became the underlying asset for commercial mortgage backed securities (CMBS).
LEG Immobilien AG has signed an agreement in principle about the acquisition of a portfolio of around 13,800 residential units in North Rhine-Westphalia from Vonovia SE. The purchase price for the portfolio amounts to approximately 600 million euros. The concentrated portfolio strengthens the presence and the leading market position of LEG in its core markets in North Rhine-Westphalia. For the future, LEG is considering the implementation of an equity measure for financing the equity portion.
Herbert Smith Freehills has advised longstanding client Brookfield Property Partners LP ("Brookfield"), one of the world’s largest commercial real estate companies, on its major pre-let agreement, with one of the top 15 banks in the world by market capitalisation, for 250,000 square feet at 100 Bishopsgate.
The bank will occupy floors 1-7 of the 37-storey tower on a 25-year lease. This includes the five podium levels, which have the largest footprint within the development at approximately 44,000 square feet each.
Hogan Lovells has advised China Cinda Asset Management Co., Ltd. ("Cinda"), a leading distressed investor in China, on the acquisition of all the rights and benefits of, including certain liabilities owed to, the seller in relation to a real estate development project in China from GuocoLand (China) Limited, a company incorporated in Bermuda, for a total cash consideration of RMB10.5 billion (US$1.6 billion).
A fund managed by J.P. Morgan Asset Management - Real Global Assets together with Proximus Real Estate AG has acquired a historic landmark building in Cologne's central banking district with appr. 35,000 sqm located in the immediate vicinity of Cologne's cathedral. Main tenant of the building is Deutsche Bank AG alongside other financial institutions.
Mayer Brown JSM acted as the legal adviser on the recent spin-off of China Overseas Property Holdings Limited from its parent, China Overseas Land & Investment Limited. The firm also advised on China Overseas Property's separate listing on the Hong Kong Stock Exchange, which began trading on 23 October 2015.
China Overseas Property, one of China's leading property management companies, is now China Overseas' fifth Hong Kong-listed entity following the spin-off.
Clifford Chance LLP acted as New York counsel to Metro de Lima Linea 2 S.A., as concessionaire, and a consortium formed by Iridium (ACS Group) and Vialia (FCC Group) of Spain; Salini Impregilo, Ansaldo STS and AnsaldoBreda of Italy; and Cosapi of Peru, as Sponsors, in the US$800 million off-balance sheet loan financing for the financing of Line 2 of the Lima and Callao Metro project in Peru backed by governmental payment rights called "RPI-CAOs".