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Real Estate & Construction

Shearman & Sterling Advises on Irish Residential Properties REIT plc €215 Million Capital Raise

01 Apr 2015

Shearman & Sterling represented Irish Residential Properties REIT plc (“IRES”) on its firm placing and placing and open offer of 215,000,000 new ordinary shares to qualifying shareholders and other investors at a price of €1.00 per share. Credit Suisse Securities (Europe) Limited acted as sole global coordinator and joint bookrunner, Investec Bank plc acted as sponsor and joint bookrunner and TD Securities Inc. and Barclays Bank PLC acted as joint bookrunners for the transaction. The new shares were admitted to trading on the Irish Stock Exchange on 26 March 2015.

Baker & McKenzie Advises Sino-Ocean Land Holdings Limited on its Joint Venture with Nan Fung

01 Apr 2015

Baker & McKenzie recently advised HKSE-listed Sino-Ocean Land Holdings Limited ("Sino-Ocean Land") on its subscription of 40% of the equity interest in a joint venture with Nan Fung International Holdings Limited ("Nan Fung") for the construction and development of residential and related facilities at MTRCL LOHAS Park Package Six Property Development in Tseung Kwan O, Sai Kung, Hong Kong.  Sino-Ocean Land will contribute a total sum of approximately HK$1.34 billion to the joint venture upon completion of the subscription.

Gernandt & Danielsson advised in Oscar Properties’ listing on Nasdaq Stockholm

31 Mar 2015

Oscar Properties Holding AB (publ) has applied for listing of the company’s ordinary- and preference shares on Nasdaq Stockholm. The application has been approved and the first day of trading in the shares is planned for 26 Mars 2015. The listing means that trading in Oscar Properties’ ordinary- and preference shares is moved from Nasdaq First North Premier.

Nabarro advises Land Securities in the sale of its 95% stake in Times Square London for £268 million

31 Mar 2015

Nabarro has advised Land Securities in the sale of its 95% stake in Times Square, London, EC4, to private equity group Blackstone for £268.4 million.

The 380,000 sq. ft. office development at 160-162 Queen Victoria Street is fully let to six office tenants, including Bank of New York Mellon and law firm Dechert, until 2023. Constructed in 2003 and gradually acquired by Land Securities since 2005, the building includes 4,000 sq ft of retail space and brings in £13.5m in rent annually.

Addleshaw Goddard advises Bruntwood on 'Cornerblock' development in Manchester

31 Mar 2015

AG's Real Estate team has advised Bruntwood on the sale of Overseas House in Manchester City Centre to Credit Suisse for a value of £12.25m.

Overseas House which is to be rebranded 'Cornerblock' is located on the corner of Deansgate and Quay Street and comprises 52,175 sq ft of available office space over six upper floors and three ground-level retail units totalling 9,237 sq ft, which are let to Tesco, Sainsburys and Starbucks.

Hogan Lovells Advises M&G Real Estate on £55M London Fruit & Wool Exchange Acquisition

30 Mar 2015

27 March 2015 - Hogan Lovells has advised long-term client M&G Real Estate on its £55 million acquisition of The London Fruit & Wool Exchange building in Spitalfields from Exemplar.

Following the completion of the acquisition, M&G Real Estate and Exemplar will work in partnership to redevelop the site. Completion is scheduled for the first quarter of 2018, in time for the completion of Crossrail.

Mayer Brown advises Tristan on the acquisition of a logistics park

30 Mar 2015

Mayer Brown has advised pan-European real estate investment manager Tristan Capital Partners on the acquisition of a 24.3 hectares logistics park together with Alpha Industrial from Marktkauf Holding, a company of EDEKA group. The property is located in a suburb of Bielefeld (Germany) and comprises 85,000 m² warehouse and office space. The purchase price was EUR 31 million.

Alpha Industrial is a project developer, lessor and asset manager for logistics and industrial properties and has already worked together with Tristan in the past.

DWF real estate team act on landmark deal for the HCA

30 Mar 2015

DWF has advised the Homes and Communities Agency (HCA) on its land sale to the London Taxi Company in Ansty Park, Coventry.

The DWF team, led by real estate partner Melanie Williams, acted for the HCA on the land sale of 21 acres to the London Taxi Company, which will enable the Chinese-owned company to develop a new factory to produce electric black cabs - bringing further major investment to the Midlands.

Deacons advises on HK$384 million IPO for Japanese pachinko-hall operator

27 Mar 2015

Deacons recently advised Japanese pachinko-hall operator Niraku GC Holdings on its global offering and Main Board listing in Hong Kong.

This follows the successful debut of Dynam Japan Holdings, the first Japanese pachinko-hall operator to obtain a primary listing in 2012 on the local bourse. Deacons also counselled Dynam Japan Holdings on that matter.

Niraku GC is headquartered in Fukushima Prefecture with operations focused in Northeast Honshu, Japan. In 2013, it was the fourth largest pachinko-hall operator based on gross pay-ins.