National law firm Irwin Mitchell‘s Construction team is advising on the construction agreements and development obligations for London Business School’s proposed new campus building.
 
London Business School is refurbishing Old Marylebone Town Hall in central London, which it acquired in 2013, in order to re-open it in late 2016 as a world-class research and teaching centre. The building is vacant and work on the site has commenced.  Wates Construction Limited has been appointed as the main works contractor.
 

An international consortium led by Native Land and comprising Singapore's Temasek and Hotel Properties Limited and Malaysia's Amcorp Properties Berhad have formed a joint venture to acquire Sampson House and Ludgate House from The Carlyle Group, for which contracts have been exchanged.

Macquarie Group Limited’s capital raising announced earlier this month, KWM has acted for National Storage REIT in relation to a $57.5 million fully underwritten institutional placement of new stapled securities.

National Storage REIT is a leader in fully-integrated self-storage spaces and was the first of its kind to be listed on the Australian Securities Exchange.

The purpose of the capital raising is to reduce existing debt to provide NSR with financial flexibility to pursue acquisition opportunities.

Trowers & Hamlins has advised Chorley Community Housing (CCH), a subsidiary of Adactus Housing Group, on securing a £50m loan from Legal & General (L&G).  The loan will fund a pipeline of 814 new homes over the next three years in the North West of England.

Trowers & Hamlins is delighted to have advised Chorley Community Housing (CCH), a subsidiary of Adactus Housing Group, on securing a £50m loan from Legal & General (L&G).  The loan will fund a pipeline of 814 new homes over the next three years in the North West of England.

Dentons has advised STADT UND LAND Wohnbauten-Gesellschaft mbH on the acquisition of a property portfolio containing just under 1,000 residential and six commercial units in the Marzahn-Hellersdorf district of Berlin. The transaction is still subject to approval by the cartel authorities. The portfolio acquired is nearly fully let and comprises buildings with around 56,500 sqm living space, distributed equally between Marzahn and Hellersdorf.

Dentons Real Estate team acted as legal counsel to a fund managed by GLL Real Estate Partners on the preliminary acquisition of Kazimierz Office Center in Kraków, Poland, from Globe Trade Centre, a leading commercial real estate company focused on CEE and SEE. The transaction was valued at €42 million.

DAC Beachcroft has advised Crest Nicholson on its acquisition of Valentine Place between London Bridge and Waterloo stations, soon to be the site of a £80million mixed-use development.

DAC Beachcroft's specialist London Housebuilding team acted for Crest, one of the UK's premier housebuilders.  The firm is already a panel adviser for the client.

Wragge Lawrence Graham & Co's Banking and Finance sector has advised Harworth Estates Property Group Limited on its £65 million refinancing of its group banking facilities.

The company's new revolving facility with The Royal Bank of Scotland plc (RBS) creates a senior financing platform on more appropriate commercial terms to the business, allowing it to progress its objectives in developing its strategic sites across the North of England and the Midlands.

The Charles Russell Speechlys Real Estate & Construction team in the Middle East recently advised one of their long-standing clients in relation to Bahrain’s largest social and affordable housing project.

The development agreement was entered into on 22 March 2015 under the patronage of the Deputy Prime Minister and Chairman of the Ministerial Committee for Construction and Infrastructure, His Excellency Sheikh Khalid Bin Abdulla Al Khalifa.

Addleshaw Goddard has advised Bruntwood on the acquisition of the former BBC site on Oxford Road, Manchester from Realty Estates.

The strategic acquisition will see Bruntwood create a new community for business, science and innovation. The project will include 900,000 sq ft of commercial space, public open space, retail facilities, a hotel, car park and high quality residential accommodation.