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Real Estate & Construction

Renor Sold Production and Office Premises to Sagax

03 Sep 2015

Castren & Snellman assisted Renor Oy in the sale of production and office premises to Sagax, a Swedish listed real estate investment company. The property is located in the Aviapolis area in Vantaa, along the Ring Road III. The leasable area of the building is approximately 12,000 square meters and it has been fully leased to a long-term tenant.

The Castrén & Snellman team was led by counsel Rami Laatsalo, who was assisted by associate Arimo Leppä. The responsible partner for the assignment was Mika Ilveskero.

Klépierre divests a EUR 770 million shopping centre portfolio in the Netherlands

03 Sep 2015

De Brauw, as lead counsel, has assisted Klépierre in divesting a EUR 770 million portfolio of nine shopping centres located in the Netherlands to Wereldhave. The portfolio includes convenience and district shopping centres mostly located in cities outside the Randstad.

Klépierre is a leading European shopping centre property company that combines development, rental, property, and asset management skills. Its portfolio was valued at EUR 21 billion on 31 December 2014.

NautaDutilh assists Piet Hein Buildings in large transaction with Booking.com

03 Sep 2015

Booking.com has concluded a long-term lease for 13,500 m2 in the Red and White section of Piet Hein Buildings along the Piet Heinkade quay in Amsterdam. Piet Hein Buildings is located next to the Passenger Terminal Amsterdam on the southern bank of the River IJ. Current lessees include Teva, Corbion, Taxand, Boer & Croon, Havenbedrijf Amsterdam and Hay Group.

Booking.com, a subsidiary of the Priceline Group, is global leader in online accommodation reservations.

The NautaDutilh team consisted of David van Dijk, Jorieke van Strijen and Frank Spraakman.

Herbert Smith Freehills advises Federation Centres on A$100 million sale of two Australian shopping centres

02 Sep 2015

Herbert Smith Freehills has advised Federation Centres on the sale of two of its New South Wales shopping centres for a combined total of A$100 million.

Both centres – Goulburn Plaza in Goulburn and Westside Plaza in Broken Hill - involved the sale of fully tenanted shopping centres, as well as adjacent vacant land at Westside Plaza.

King & Wood Mallesons advises Sino-German Ecopark on the public takeover of German Brokers AG

28 Aug 2015

King & Wood Mallesons (KWM) advised Sino-German Ecopark Handel-und Beratungs GmbH (Sino German Ecopark), based in Munich, on the voluntary public takeover of German Brokers AG. The shares of German Brokers AG are admitted for trading at the General Standard of the Frankfurt Stock Exchange and are also traded over the counter (Freiverkehr) at the Berlin, Düsseldorf and Stuttgart stock exchanges.

Eversheds advises Rowsley Ltd on partnership with former Manchester United stars on landmark property project

28 Aug 2015

Eversheds is advising Rowsley Ltd, a publicly-listed real estate company based in Singapore (“Rowsley”), on its investment in a £200 million (S$440 million) landmark property project in central Manchester with former Manchester United football stars Gary Neville and Ryan Giggs.

White & Case Advises Greentown on Significant Liability Management Transactions

26 Aug 2015

White & Case LLP has advised leading Chinese residential property developer, Greentown China Holdings Limited, on its solicitation of consents from holders of its RMB2.5 billion 5.625 percent Senior Notes due 2016, US$700 million 8.5 percent Senior Notes due 2018 and US$500 million 8.0 percent Senior Notes due 2019.

DLA Piper advises PORR on 185,500.000-Euro borrower's note loan

25 Aug 2015

DLA Piper has advised PORR AG (“PORR”) on the placement of its first borrower’s note loan worth 185.5 million euros. The issue consists of four tranches with terms of three and five years – optionally with fixed or variable interest rates. The placement did not exclusively occur in the European region, but also to a large extent in Asia.