Herbert Smith Freehills has advised Propertylink on its A$300 million purchase of 320 Pitt Street, Sydney and portfolio of eight industrial properties across Australia.

Herbert Smith Freehills has advised Propertylink on its recent purchase of 320 Pitt Street, a landmark commercial asset in the Sydney Central Business District, and a portfolio of eight industrial properties across NSW, Victoria, Queensland and Western Australia.

DLA Piper and Colliers International have advised Sterling Developments, an investment partnership located in Manchester, on the portfolio sale of 12 shopping centres and speciality retail markets comprising of approximately 32,000 sqm lettable area, known as 'Stellar Portfolio', to the investment manager Värde. The structured sales process was completed within a marketing period of just under ten weeks from first market approach mid April 2015 until signing mid July. The sale was part of an asset deal.

White & Case LLP has advised CBRE Global Investors on the sale for nearly €1.3 billion of a portfolio of ten French and Belgian shopping centers, owned by CBRE Retail Property Fund France Belgium CV (RPFFB), to a consortium of China Investment Corporation and AEW.

The portfolio includes two prime shopping centers in Belgium, in the Waasland region and 50 percent of Wijnegem Shopping Centre, as well as eight assets in France including the La Vache Noire shopping center in the Paris area and 60 percent of the Mayol shopping center in Toulon.

Shearman & Sterling has advised Citycon Oyj in connection with its approximately €600 million rights issue.

Citycon intends to use the proceeds from the rights issue for the financing in part of the €1.47 billion acquisition of the Norwegian shopping center company Sektor Gruppen AS and the related early redemption by Sektor of its outstanding bonds.

Mayer Brown has advised Helical Bar Plc, a leading property investment and development company, on an agreement with pension fund clients of Savills Investment Management, to acquire and develop an 80,000 sq ft mixed use scheme.

The 0.5 acre site is located at Drury Lane / Dryden Street in London's Covent Garden area and will be comprehensively redeveloped from its existing office and retail use. Helical Bar intend to submit plans for a residential-led scheme, comprising 70 residential apartments, as well as retail and restaurant space, by September 2015.

Setterwalls assists Skanska Sverige AB in the sale of the Swedish company Skanska Stomsystem to Benders byggnadSverige AB. Skanska Stomsystem has an annual turnover of MSEK 500 with 250 employees. The transaction is scheduled to be completed in October 2015.

Setterwalls team was headed by Anders Holmgren M&A) and included Ingrid Sondell (M&A) and Jesper Kuschel(Banking).

Setterwalls has advised Valdemar Estate and Valdemar Skane, which is part of the Danish group Absalon Pension, in the sale of land in Arlöv to Magnolia Bostad and at the conclusion of a partnership to develop land in central Lund. The projects are expected to lead to around 450 new homes in Arlöv and Lund. Both deals were made through corporate transactions and are conditional on detailed development plans becoming final.

Setterwalls' work has been led by Linda Jönsjö.

Sweco AB (Nasdaq Stockholm) and Grontmij N.V. (Euronext Amsterdam) have jointly announced to have reached a conditional agreement in connection with an intended public offer by Sweco for all issued and outstanding ordinary shares of Grontmij.

According to Grontmij and Sweco, the contemplated transaction will create a leading European engineering consultancy firm. The value of the offer, which has been unanimously recommended by the Executive Board and the Supervisory Board of Grontmij, amounts to MEUR 354.

Ashurst has advised PineBridge, a leading global multi-asset class investment manager, on a European CLO (Euro-Galaxy IV), its second CLO 2.0 transaction. The deal is being co-managed with Crédit Industriel et Commercial SA. For the purposes of risk retention, both co-managers will hold retention in equal shares. The deal features a two year non-call period, a four year reinvestment period and a thirteen year final maturity as well as EUR 66 million of delayed draw notes which will consolidate with the Class A-1 Notes. The notes are rated by Moody's and S&P.

Hengeler Mueller has advised on the initial public offering (IPO) of the shares of Deutsche Pfandbriefbank AG (pbb). Trading of the pbb shares has commenced today in the Prime Standard segment of the Regulated Market of the Frankfurt Stock Exchange. A total of 107,580,245 shares (including 6,589,289 shares in connection with an over-allotment) were placed from the holdings of Hypo Real Estate Holding AG (HRE) and thereby indirectly by the Federal Republic of Germany through the Financial Market Stabilisation Fund (FMS) as owner of HRE.