The Real Estate team at leading law firm Irwin Mitchell has advised Bruntwood and Kier Property on a deal which sees Addleshaw Goddard (AG) sign a 17½ year lease to take more than 50,000 sq ft at 3 Sovereign Square in Leeds.
The property, which is being developed by joint venture partners Bruntwood and Kier Property, will be completed by the middle of next year with AG expected to relocate by the end of 2016.
Herbert Smith Freehills has advised Lend Lease in Singapore on its successful S$1.67 billion bid (approx. A$1.6 billion; US$1.2 billion) for a large mixed use site at Paya Lebar, Singapore. The site was awarded to Lend Lease on 1 April 2015, after a competitive tender process by the Singapore Urban Redevelopment Authority. The site will be owned through a joint venture with one of Lend Lease's major global investment partners, with Lend Lease holding a 30% share.
We have advised Urban&Civic on its acquisition of Catesby Property Group. Urban&Civic has acquired the Catesby Property Group, a strategic land company specialising in commercial property development and residential land promotion. Catesby has interests in land holdings comprising 5,300 units across 21 sites in areas of high housebuilder demand in the Home Counties and southern parts of the Midlands.
Clifford Chance has advised European Property Investors Special Opportunities 3 (EPISO3), a fund managed by Tristan Capital Partners, on the acquisition of a German real estate portfolio worth EUR 117.5 million. The properties were sold by three funds managed by DG ANLAGE Gesellschaft mbH.
The portfolio consists of 14 properties predominantly located in Berlin, Frankfurt and Leipzig, covering a total rental space of more than 93,000 square metres.
Heuking Kühn Lüer Wojtek, with a team led by Dr. Michael Dröge and Dr. Sönke Görgens, both from the law firm's Hamburg office, advised Hamburg Trust on the acquisition of the office building "Fleet Office 1." The almost fully rented property, with a surface area of some 9,300 square meters, is close to the city center at Südkanal in Hamburg's City-Süd district. Seller of the building, which is to be completed by the fall of 2015, is Hamburg-based Becken Holding.
CHSH has advised a joint venture consisting of CA Immo and Union Investment (with CA Immo holding 51% of the shares) on the sale of the logistics park Europolis M1 Budapest to the Prologis Group that has operations worldwide. In addition to receiving advice from CHSH, the joint venture was also advised by real estate consultancy Colliers.
The logistics park Europolis M1 Budapest comprises an area of approximately 160,000 m2, with approximately 69,000 m2 of rentable space.
ING Real Estate has sold the Designer Outlet Landquart to a special purpose vehicle (SPV) established by a London based investment fund. Following this transaction, the former owner of the real estate, the Swiss company ING Real Estate Development Alpenrhein AG, Zurich, will be dissolved and liquidated.
Allen & Overy LLP has advised alstria office REIT-AG on its capital increase raising gross proceeds of approximately EUR 102.7 million.
The 7,901,847 new shares (10% of the company’s registered pre-transaction share capital) from alstria office REIT-AG’s authorized capital have been placed under exclusion of statutory preemptive rights with German and international institutional investors in an accelerated bookbuilding procedure at a price of EUR 13.00 per share.
A Ningbo-based team led by senior partners Wei Jie and Jiang Hongming advised Ningbo Meishan Island Development & Investment Co., Ltd. on the public offering of no more than RMB800mln corporate bonds. The company received an official approval for the bond issuance (No. (2015)233) from the National Development and Reform Commission (“NDRC”) on February 5, 2015 and completed the issuance on March 20.
On March 27, a project company set up by AVIC International Leasing Co., Ltd. within Dongjiang Free Trade Port Zone of Tianjin, Export Development Canada, Canada Bombardier Commercial Aircraft and China Express Airlines completed the offshore finance lease for two Bombardier CRJ900 aircrafts. Shanghai-based senior partners Wu Jingjing and Li Yingchun provided PRC legal counsel for AVIC International Leasing Co., Ltd. and its project company.