Hill Dickinson is advising its longstanding client, CRH plc, a regional, national and international leader in building materials, on acquiring €6.5bn (£4.9bn) of assets, including UK-based Tarmac Lafarge, from construction giants Holcim and Lafarge ahead of Holcim and Lafarge’s €40bn merger.
The sale is expected to complete by the middle of 2015.
Ashurst has advised Novion Property Group (Novion) on its A$11 billion merger with Federation Centres (Federation) which will create the third largest real estate investment trust in Australia and an ASX top 30 entity with over A$22 billion in assets under management.
Novion Property Group is one of Australia's largest retail property groups, with more than 5,000 retailers occupying the 36 retail assets managed by the Group. The merged entity will have a market capitalisation of more than A$11 billion.
Dentons real estate team acted as legal counsel to AEW Europe on the acquisition of a 255,000 sq.m. logistics development in Prague from Panattoni Europe. The transaction value was €150 million.
AEW Europe, through its LOGISTIS Fund and in cooperation with Panattoni, will develop a 125,000 sq.m. standalone warehouse facility in the district of Dobrovíz, near Prague. Set to be completed during this summer, it is already fully pre-let to Amazon and will serve as a new location in Amazon’s European Fulfilment Network.
Gernandt & Danielsson advises in FastPartner’s issue of corporate bonds amounting to SEK 300 million
The real estate company FastPartner AB (publ) has issued unsecured floating rate corporate bonds amounting to SEK 300 million through a private placement. The bonds have been issued within a framework amount of SEK 600 million. The company has undertaken to list the bond loan on the Corporate Bond List at Nasdaq Stockholm.
Trowers & Hamlins has advised long-standing client One Vision Housing on its amalgamation with Venture Housing Association, in a deal which saw Venture's 1,300 homes and 22 staff successfully transferred to One Vision on 30 January 2015.
Trowers & Hamlins is pleased to have advised long-standing client One Vision Housing on its amalgamation with Venture Housing Association, in a deal which saw Venture's 1,300 homes and 22 staff successfully transferred to One Vision on 30 January 2015.
Law firm Eversheds advised Places for People Group (PfP) on its acquisition of ZeroC, a sustainable residential developer active across the UK.
ZeroC focuses on designing new and sustainable communities in conjunction with significant landowners, including the Homes & Communities Agency and The Duchy of Cornwall.
DLA Piper has advised LBBW Immobilien Management GmbH (LBBW Immobilien) on the acquisition of an office real estate portfolio with 10 office properties in Munich and the direct surroundings. An agreement has been reached not to disclose the purchase price.
The LBBW Immobilien subsidiary LBBW Immobilien Asset Management GmbH, which was newly founded on 1 January 2015 will be responsible for administration of the properties. This subsidary will also carry out further development on the buildings in the coming years through active asset management.
Castres & Snellman advised Citycon in a major finance transaction where Citycon Treasury B.V. signed a EUR 500 million unsecured committed multicurrency revolving credit facility agreement with a Nordic bank group including Skandinaviska Enskilda Banken AB (publ) (also acting as the agent), Pohjola Bank plc, Danske Bank A/S, Nordea Bank Finland Plc and Swedbank AB (publ). The credit facility is guaranteed by Citycon Oyj.
DLA Piper LLP (US) advised W. P. Carey Inc. on an underwritten public offering of $450 million aggregate principal amount of 4.000% Senior Unsecured Notes due February 1, 2025. The offering of the Notes closed on January 26, 2015.
W. P. Carey is a self-managed real estate investment trust and a leading global owner and manager of commercial properties, primarily net leased to companies on a long-term basis. Through its investment management business, the Company also manages a series of non-traded real estate investment trusts.
DLA Piper represented the Related Companies, a preeminent developer of luxury condominium and rental homes, affordable housing communities and mixed-use properties in Chicago, in the US$328.23 million sale of OneEleven, a 504-unit luxury apartment tower located at 111 W. Wacker Drive, to Heitman, a global real-estate investment-management firm based in Chicago. At $651,000 per unit, it is the highest amount ever paid for an apartment building in Chicago.