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Real Estate & Construction

DLA Piper advises Investa on financing the purchase of a German commercial property portfolio

25 Aug 2015

DLA Piper has advised Investa Immobiliengruppe on financing the purchase of a nationwide German commercial property portfolio known as “Deutsche Bank Office Portfolio”. Deutsche Pfandbriefbank AG issued a loan of 80 million euros for the financing which was completed in June 2015.

Investa acquired the portfolio comprising of 42 inner-city properties from Eurocastle Investment Limited in the second quarter of 2015.

Mayer Brown advises Hoi Hup Realty on its first overseas purchase

25 Aug 2015

Mayer Brown has advised Singapore property developer, Hoi Hup Realty, on its first overseas real estate acquisition with the purchase of 1 Golden Lane in City of London for £77 million.

The commercial property, which has approximately 107,000 sq ft of Grade A office accommodation, is currently let to leading global investment bank, UBS AG.

Dentons advises IREIT Global regarding a property purchase in Berlin and its bank financing

25 Aug 2015

Office complex in Berlin was sold for €144 million by German fund manager WealthCap

Berlin - Global law firm Dentons has advised Singapore-based investor IREIT Global on the purchase of an office complex as well as its bank financing. Seller is a fund managed by German fund manager WealthCap. The building is located near Ostkreuz in Berlin-Lichtenberg and consists of two buildings. Main tenant with 98.8% of the rental space is the federal pension fund DTB until 2024 so far. The deal was partly financed by an equity capital increase of €59 million in Singapore.

Ashurst advises Warburg-HIH Invest on the acquisition of the office project "Palais Behrens" in Berlin

24 Aug 2015

Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of the first construction phase of "Palais Behrens", an office scheme under construction in Berlin, for its open-ended special fund "TOP 7 Deutsche Metropolen Immobilien Invest". The project was sold by developer Frankonia Eurobau. The parties agreed not to disclose the purchase price.

DLA Piper advises Canyon-Johnson Urban Funds and The HYM Investment Group on sale of NorthPoint Development in Boston area

24 Aug 2015

DLA Piper represented Canyon-Johnson Urban Funds, one of the country's largest private real estate funds focused on developing urban properties in underserved neighborhoods, and The HYM Investment Group, a Boston-based owner, investor, developer and manager of commercial and residential real estate, in the sale of NorthPoint Development, one of the largest development projects in the Boston area.

Freshfields advises Almacantar on the purchase of office developments at One and Two Southbank Place from Braeburn Estates

24 Aug 2015

Freshfields Bruckhaus Deringer has advised Almacantar on the forward purchase of two significant office developments at One and Two Southbank Place from Braeburn Estates, a joint venture between Canary Wharf and Qatari Diar.

The transaction at over £550 million is the largest property deal ever completed on London’s South Bank.

CMS advises on the sale of the Infopark E office building by Bluehouse

21 Aug 2015

CMS Budapest has advised Bluehouse Capital on the successful sale of the Infopark E office building to Diofa Asset Management. The sale is one of the largest single asset transactions in Hungary in 2015.

Infopark E is a 17,000m2 office building located in Budapest with an attractive tenant mix retained at full occupancy. It is a part of the 100,000m2 Infopark office complex.

Founded in 2004, Bluehouse is a private equity real estate investment management firm focused on Emerging Europe with offices in Bulgaria, Czech Republic, Romania, Croatia, Serbia and Greece.

Freshfields advises Ares on its acquisition of a pan-European office portfolio from IVG Institutional Funds

21 Aug 2015

Freshfields Bruckhaus Deringer has advised Ares Management Real Estate on its definitive agreement to acquire a 240,000 square-meter office portfolio from IVG Institutional Funds.

The portfolio consists of 30 properties located across six European countries, including the UK, France, the Netherlands, Belgium, Finland and Spain. The portfolio was valued at more than €400m.

Ares Management is a global alternative asset manager with approximately $88bn of assets under management, with more than 15 offices in the United States, Europe and Asia.

KWM drives $203 million acquisition of mining business

21 Aug 2015

King & Wood Mallesons has advised Hanson Construction Materials on its $203 million acquisition of Fletcher Building’s Rocla Quarry Products business.

Rocla Quarry Products operates 12 significant sand quarries in the metropolitan areas of Perth, Adelaide, Melbourne and Sydney, in addition to a number of smaller sites and greenfield reserves across Australia. In addition Rocla has a 50% interest in joint venture operations at Mt Marrow (QLD), Mittagong (NSW) and Cowra (NSW).