Hispania Activos Inmobiliarios real estate investment fund has carried out the first phase of the investment in Bay Hotels & Leisure, S.A. ("BAY"), purchasing 80.5% of the company from Grupo Barceló. 

BAY owns a portfolio of 11 holiday hotels with 4,000 rooms and a shopping center in Spain. BAY also has other assets related to the transaction that it rents to Grupo Barceló. In the transaction, the firm also advised on the syndicated financing of BAY.

Allianz Real Estate Germany and various investors within the Allianz Group have acquired the "Haus an der Wien" property located at Vordere Zollamtsstraße in Vienna. The purchase price was around EUR 94 million. The vendors are two companies belonging to the SIGNA Group. The transaction was structured as a share deal, representing Allianz’s first investment in a property company in the Austrian capital.

Ashurst advised BAM PPP Ireland Limited and Iridium Concesione de Infraestructuras on the M11 Gorey to Enniscorthy PPP project in Ireland.

Trowers & Hamlins is delighted to announce that the Isle of Wight integrated waste collection and treatment project achieved financial close on 30 September 2015.  The firm has provided legal advice to long-standing client Amey on the project throughout the company's bid for the £225m, 25-year waste collection and treatment contract with Isle of Wight Council.

Freshfields Bruckhaus Deringer has advised the sponsors of the spin-off by China Overseas Land & Investment Ltd. of China Overseas Property Holdings Limited (COPL) and its subsequent listing by introduction on the Hong Kong Stock Exchange.

COPL is one of the leading property management companies in the PRC, with an extensive portfolio of developments in the PRC, Hong Kong and Macau.

Freshfields advised on both the Hong Kong and US aspects of the spin-off and listing.

Davis Polk advised the dealer managers in connection with a cash tender offer by SOHO China Limited for any and all of its outstanding $400 million 7.125% senior notes due 2022.

SOHO China Limited, listed on the Stock Exchange of Hong Kong Limited, is a leading prime office developer focused on development, leasing and operation of office and retail properties in Beijing and Shanghai.

Setterwalls has assisted Djurgårdsstadens Fastigheter AB in its sale of properties to Kungsleden AB (publ). The properties Rotterdam 1, Tegeludden 13, Stettin 5 and Stettin 6 are situated at Gärdet-Frihamnen and the property Godsvagnen 9 is situated in Hammarby Sjöstad. The total rental area is 96 000 square meter, and the total consideration was approx. 3 billion SEK.

Setterwalls team was led by Karl-Johan Nörklit and assisted by Niklas Svantesson, Nicole Hervidsson and Alexander Lindmark.

Setterwalls has assisted KF Fastigheter in the sale of seven retail properties located in Huddinge, Södertälje, Linköping, Mjölby, Nyköping och Halmstad. The properties’ leasable area amounts to approximately 28 300 square meters. NREP Nordic Strategies Fund acquired the properties’ for 530 million kronor.

Setterwalls team was led by Niklas Svantesson and assisted by Dan Örnfjäder.

Herbert Smith Freehills has advised Aventus Retail Property Fund (Aventus) on its successful initial public offering (IPO) and listing on the ASX on 16 October. The offer consisted of an institutional offer, broker firm offer and priority offer (Offer) and valued Aventus at A$686.5 million at the offer price of A$2.00 per unit.

Clifford Chance has advised TRIUVA Kapitalverwaltungsgesellschaft mbH (formerly IVG Institutional Funds) on its acquisition of the "Shell-Haus" in Berlin as part of a share deal. The purchase price amounts to approximately EUR 80 million. The vendor is a subsidiary of Orion European Real Estate Fund IV, C.V., which is sponsored by Orion Capital Managers.

TRIUVA Kapitalverwaltungsgesellschaft mbH is a leading provider and manager of structured real estate products for institutional investors in Germany with assets under management of around EUR 10 billion.