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Real Estate & Construction

Pinsent Masons advises Redefine International P.L.C. on the Acquisition of 56 Retail Properties in Germany in a Joint Venture with Redefine Properties Limited

03 Mar 2015

Pinsent Masons advises Redefine International P.L.C. ("Redefine International"), the FTSE 250 income focused UK-REIT, on the acquisition of 56 retail properties in Germany in a 50/50 joint venture (the "Joint Venture") with Redefine Properties Ltd ("Redefine Properties"), the Company's largest shareholder. The properties were bought from a UK based joint venture of South African and Israeli investors.

Clifford Chance advises Rockspring on refinancing a loan for a real estate portfolio in Germany

03 Mar 2015

Clifford Chance has advised British investor Rockspring Property Investment Managers ("Rockspring") on the refinancing of a EUR 140.8 million loan of Landesbank Hessen-Thüringen. The loan was granted to refinance a real estate portfolio in Germany.

Rockspring currently invests in 15 countries and has EUR 7.9 billion under management, thereof around 22.8 % in Germany (as of 31 December 2014).

Clifford Chance has advised Rockspring in all aspects of the financing, and is frequently mandated by Rockspring in this regard.

White & Case Advises Greentown China on Sixth High Yield Financing

03 Mar 2015

White & Case LLP has advised leading Chinese residential property developer Greentown China Holdings Limited on the US$200 million tap issuance of its 8 percent senior notes due 2019.

The additional notes were purchased by Credit Suisse, with China Orient Asset Management gaining exposure to the additional notes through financial derivatives.

The issuance was Greentown's sixth successful high yield financing in international debt capital markets. White & Case has advised the company on all high yield financings since Greentown's debut issue in 2013.

Clifford Chance and Gide on the refinancing of Eiffarie and APRR's debt

02 Mar 2015

Eiffarie and the motorway concession holder APRR (Autoroutes Paris-Rhin-Rhône), which both are owned by Eiffage and Macquarie managed funds, have completed on 23 February 2015 the second refinancing, for an amount of €1.5 billion, of the debt initially incurred by Eiffarie for the acquisition of APRR and the implementation of a new revolving credit facility (RCF) for APRR in an amount of €1.8 billion. This new credit facility, replacing the €0.7 billion existing undrawn revolving facility, increases APRR's liquidity by €1.1 billion.

Pinsent Masons advises developer on £100 million investment for Selly Oak

26 Feb 2015

Pinsent Masons has advised Persimmon Homes on a landmark property deal that will create hundreds of stunning new homes at the former Selly Oak Hospital site gets the go-ahead.

Developer Persimmon Homes South Midlands and the University Hospitals Birmingham NHS Foundation Trust have exchanged contracts on a multi-million pound land deal for the former Selly Oak Hospital site.

GSK advises Rockspring on the formation of a joint venture and the acquisition of 23 big box retail parks with a value of EUR 350 million

25 Feb 2015

Rockspring Property Investment Managers LLP has brought together Rockspring’s German Retail Box Fund, a Dutch pension fund and a Belgian insurance group as investors to acquire a portfolio 23 large, out of town, food-anchored big box retail parks in Germany in a share deal. The transaction was one of the largest food-anchored retail real estate transactions in Germany of the last years.

Vinge advises Lifco on acquisition of Rapid Granulator

25 Feb 2015

Vinge is advising Lifco AB (publ) in connection with the acquisition of Rapid Granulator AB. Lifco acquires and develops market-leading niched operations within the three business areas dental, demolition & tools and systems solutions. Lifco has approximately 100 companies in 30 countries and in 2013, the group’s net sales amounted to more than SEK 6 billion. Rapid Granulator is a leading global manufacturer of granulators for in-plant recycling of plastic waste and in 2014, Rapid Granulator reported net sales of approximately MSEK 300.