Addleshaw Goddard has advised The Peel Group (Peel) on its joint venture with Legal & General Capital (LGC) at MediaCityUK in Salford.

The JV will see LGC become a 50% shareholder in MediaCityUK with Peel retaining responsibility for the ongoing development and asset management of the estate.

AG advised Peel on the transaction that marks a milestone in the growing maturity of MediaCityUK and the wider community anchored by it at Salford Quays.

Ashurst advised Hamburgische Immobilien Handlung GmbH ("HIH") on the sale of the Triforum building complex in Cologne. HIH sold the hotel and office property on behalf of Warburg-Henderson Deutschland Fonds Nr. 1 to real estate fund manager Internos who bought the property for the special fund Real Value Plus, managed by Master-KVG Institutional Investment Partners.

Real property company Norrporten has sold its three properties in HafenCity in Hamburg city center to Pembroke Real Estate. The divestment is part of Norrporten’s strategy to focus on the Swedish market and Copenhagen.

The three properties, Hamburg America Center, Coffee Plaza and Skai, comprise over 32,000 square metres of modern office space and are located in the fully developed part of HafenCity in Hamburg city center.

DWF advised leading commercial property consultancy Lambert Smith Hampton on its acquisition of the Edward Symmons Group (ES group).

ES Group is a 260-strong, consultancy-led business with a major presence in many UK regions.  The firm is a market leader in providing valuation and corporate recovery advice to banks and accountancy firms and is also at the forefront of the fast-growing alternatives market, particularly in hotels, healthcare and education.

Addleshaw Goddard's Real Estate and Construction teams have advised leading London developer Mount Anvil on its acquisition of Keybridge House in Vauxhall for £92.5 million, in a joint venture with A2Dominion.

Formerly the site of the world's largest digital international telephone exchange, the site was acquired from BT Group and has planning consent for over 400 new homes and 3,500 sq m of new commercial and retail space. Once built it will include the UK's tallest residential brick tower, at 129 meters high.

Byggvesta acquires land in Flemingsberg from Akademiska Hus. The plan is to create 450 students and researchers apartments.

Byggvesta was represented by Setterwalls, the team consisted i.a. of responsible partner Assur Badur, project manager Malin Löveborg and associate Nicole Hervidsson.

Roschier represented Union Investment Real Estate in the acquisition of the prestigious EY Headquarter in the Helsinki CBD for some EUR 93.3 million. Union Investment acquired the 10.888 m2 office building from Etera Mutual Pension Insurance Company. The building is 70 percent let to E&Y.
 
The LEED “Gold” certified 6-storey building, completed in May 2014, is the latest of four office projects in the submarket of Töölönlahti.

Slaughter and May advised Taylor Wimpey plc, one of the largest residential developers in the UK, on the updating and extension of its £550 million revolving credit facility. The revolving credit facility, which was due to mature in August 2018, was amended to mature in 2020.

CONTACTS

Financing: Mark Dwyer (partner), Adrian Wilkes (associate); Tax: Gareth Miles (partner); Venetia Jennings (associate)

Clifford Chance has advised Investa Holding GmbH and ABRY Partners LLC, Boston, on the sale of an aggregate stake of 86.7% in e-shelter, Germany's largest data centre services operator, to Japan's NTT Communications Corporation (NTT Com).

Mayer Brown has advised Lipton Rogers Developments on the development funding for 22 Bishopsgate, formerly known as the Pinnacle Tower, in partnership with AXA Real Estate.

An international consortium of investors established by AXA Real Estate has completed the acquisition of the site for an undisclosed sum. Lipton Rogers, which has been working with architects and other professionals for over three years to develop the new design for the site, will act as developer and work alongside the AXA-led consortium to complete the project.