Dentons' Banking and Finance team in Warsaw advised Waimea Group on a EU28.7 million corporate bond issuance.
The funds raised from the bond issue will be used for the construction of 12 Class A units in two modern logistics parks in Poland - Waimea Logistic Park Bydgoszcz and Waimea Logistic Park Stargard. The planned complexes will offer a total area of about 90,000 sq.m. to let in Bydgoszcz and about 80,000 sq.m.in Stargard.
Mishcon de Reya's Real Estate team, led by Partners Philip Freedman and Simon Chadowitz, advised Jon Hunt on the sale of Cannon Green, a City office block comprising 110,000 sq ft of contemporary office, restaurant, gym and retail accommodation.
SINGAPORE - Reed Smith is pleased to have represented InfraCo Asia Development Pte. Ltd. (a subsidiary of the Private Infrastructure Development Group), on its divestment from the Vietnamese Coc San Hydro Power Project. In the transaction, InfraCo Asia sold its 33.4% stake in the project’s operator, Viet Hydro Pte Ltd (the majority shareholder of Lao Cai Renewable Energy Joint Stock Company) to the Tokyo Electric Power Company Holdings, Inc. (TEPCO). The deal is TEPCO’s first investment in an overseas hydropower project.
International law firm Clifford Chance has advised US investor NorthStar Realty Europe Corp. ("NorthStar") on the sale of Frankfurt's Trianon skyscraper. The purchase price for the sixth-highest skyscraper in the banking metropolis amounts to 670 million euros. The new owner is the South Korean consortium IGIS/HANA Financial Investment.
TLT has supported longstanding client Savills with a further acquisition in the UK, buying leading independent London property services company, Currell.
The deal will see the global real estate services provider add weight to its residential and commercial portfolios in London and accelerate its UK growth strategy.
It follows previous acquisitions completed by TLT for Savills, including two residential sales, lettings and property management agents in the North West in the last quarter.
Baker McKenzie has advised Fundamenta Real Estate AG, a Swiss based real estate company, on the listing of its shares on SIX Swiss Exchange after its move from BX Swiss to SIX Swiss Exchange. The re-IPO includes an authorized capital increase whereby 5,857,840 new shares were issued, resulting in net proceeds of around CHF 80.44 million. The first day of trading of the new shares as well as the existing shares on the SIX Swiss Exchange was December 6, 2018.
International law firm Ashurst has advised Currie & Brown on their acquisition of Crown Project Services (CPS), a long established Sydney-based project management and property advisory company.
Currie & Brown is a global asset management and construction consultancy. The acquisition of CPS strengthens Currie & Brown's project management offering and doubles the size of its business in Australia.
Sydney corporate partner Stuart Dullard stated that "We are delighted to have acted for Currie & Brown on this significant acquisition."
Ashurst has advised Invesco Real Estate on the share sale of 95 QVS Limited, owner of 95 Queen Victoria Street, London for £72.4 million to the J. Safra Group.
The multi-let, Grade A office property, located less than 200 metres from St Paul's Cathedral, is held on a long lease from the City of London and comprises more than 100,000 sq ft.
The team was led by real estate partner Melanie Jordan supported by senior associate Rudi Hakiman and associate Ellie McCrea.
Senior associate Miles Skinner, UK Transactions at Invesco Real Estate, commented:
Ashurst advised Warburg-HIH Invest Real Estate (Warburg-HIH Invest) on the sale of office property 'Portal 10' in Münster to Patrizia Immobilien AG. The seven-storey 'Portal 10' was built in 2010 and provides 6,562 sqm rental space, which is completely let to several tenants. The transaction was managed by CBRE by way of an asset deal in a structured sales process.
Leading international law firm Clifford Chance has advised the Dutch 3i portfolio company Hans Anders on the acquisition of optical retailer eyes + more. The sellers are Vendis Capital and a group of managers and private investors. 3i expects to invest up to c. €60 million in Hans Anders to support the transaction. Hans Anders is the market leading, value-for-money optical retailer in the Benelux and Sweden in which 3i invested in May 2017. Completion of the transaction is subject to customary approvals from competition authorities.