NCTM Studio Legale assisted the Monrif subsidiaries E.G.A. Emiliana Grandi Alberghi and Immobiliare Fiomes in entering into a preliminary agreement with the Fattal Hotels Group - the largest hotel chain in Israel – for the sale of Hotel Hermitage in Milan.

The agreement provides for the sale of both the property and the hotel business.  The value of the transaction, which is scheduled to be completed in September 2015, is EUR 20.55 million. 

Stephenson Harwood LLP has advised Schroder UK Real Estate Fund on the acquisition of mixed-use assets in Hammersmith, London, from the Matterhorn Palos Partnership for in excess of £150 million.

The acquisition comprises the Kings Mall shopping centre, the Kings Mall car park and One Lyric Square, an adjoining self-contained office building. The Kings Mall has undergone significant refurbishment over the last few years and has over 40 retail tenants, including H&M, Sainsburys, River Island and Primark, in addition to a variety of restaurants and cafes.

A team from Herbert Smith Freehills Paris LLP has recently advised leading French construction company Eiffage on the sale of the Grand Hotel-Dieu de Lyon to Crédit Agricole Assurances, in association with Crédit Agricole Centre Est Regional Bank.

Trowers & Hamlins is pleased to have advised Opal (Silvertown) LLP ("Opal"), a joint venture between Galliford Try Homes Limited and Thames Valley Housing Association, and Galliford Try Partnerships Limited ("Partnerships") in relation to the £360 million residential-led development project at Silvertown Way, Canning Town, in East London.  Contracts for the development were exchanged in June 2015.

Dentons advised MEININGER Holding GmbH on the development and long-term lease of a hotel in Munich with 173 rooms and a gross floor area of 12.000 sqm, including underground parking. The project is based on a Partnership Agreement concluded by MEIININGER and Fonciére des Murs in 2014 with the goal of financing the expansion of MEININGER and of implementing common investments in European Gateway cities.

King & Wood Mallesons (“KWM”) advised Greenland Group (“Greenland”) on its successful initial issuance of “Greenland Di Chan Bao” on Guizhou Greenland Financial Exchange, a subsidiary of Greenland Financial Exchange. Greenland’s first online debt product was offered through Zhaocaibao – a platform owned by Ant Financial. With an initial issuance of RMB 200 million, a return of 6.4% per annum and a tenor of one year, Greenland Di Chan Bao was sold out within half an hour on its first day of listing.

Trowers & Hamlins is pleased to announce that long-standing client Sentinel Housing Association has exchanged contracts on its Chapel Hill housing development project in Hampshire.  Trowers & Hamlins has been advising Sentinel on the project since the initial site acquisition in 2012.  

GSK Stockmann + Kollegen advised Deka Immobilien on the sale of the office building Twenty 8 to an Axa Real Estate Investment Managers’ fund.

Located at Oberanger 28 the property belonged to the open-ended fund WestInvest Interselect of Deka and offers 4,200 sqm office spaces, 82 parking spaces and ap-proximately 560 sqm retail spaces which amongst others are rented to a restaurant. The financial services provider MLP is the main tenant of the office spaces.

GSK Stockmann + Kollegen advised MOM Mall of Munich Beteiligungs GmbH & Co. Objekt Hopfenpost KG on the sale of Neue Hopfenpost in Munich to an open-ended fund of Invesco Real Estate (IRE). The parties agreed not to disclose the purchase price.

Located between Munich Central Station and Bayerischer Rundfunk and with a gross floor space of 50,000 sqm the property offers retail spaces on the ground floor with the anchor tenants REWE, Aldi and Rossmann. Moreover, 21,300 sqm are used as data center.

Lemminkäinen has signed letters of intent regarding the sales of all outstanding shares in its Swedish subsidiary Rekab Entreprenad AB to Rekab’s current management as well as Rekab’s Malmö business to Swedish Wästbygg Group and Rekab’s Uppsala business to Norwegian Veidekke Group.

Richard Akerman and Nils Svantemark act as legal advisors to Lemminkäinen.