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Real Estate & Construction

Nabarro advises on the launch of crowdfunding platform Property Partner

28 Jan 2015

Nabarro has advised London House Exchange Limited, trading as Property Partner, on the establishment of its crowdfunding platform, which launched last week. Property Partner enables people to invest in individual residential properties, just as they can in company stocks. They then receive a monthly rental income — and benefit from any capital growth — in direct proportion to their ownership. The platform also enables investors to offer their property holdings for sale via a designated secondary market.

Mayer Brown advises Gaw Capital on Ping An Insurance purchase of Tower Place

28 Jan 2015

Mayer Brown has advised Gaw Capital Partners, the Hong Kong-based real estate private equity firm, on the purchase and financing of London’s Tower Place on behalf of Ping An Insurance.

Tower Place is the second landmark property Gaw Capital has acquired on behalf of Ping An, China’s second-largest insurer, following its acquisition of the iconic Lloyd’s building for £260 million, on which Mayer Brown also advised.

Woonstad Rotterdam buys Stadswonen from Vestia

28 Jan 2015

NautaDutilh's Real Estate team assisted Woonstad Rotterdam in the take-over of more than 7,000 units from Vestia's housing corporation Stadswonen. The sale will be completed in May 2015.

Stadswonen Vestia provides accommodation to students and other youngsters, especially on the so-called KennisAs ('Knowledge axis'). The sale consists of more than 6,000 rooms, studios and appartments and 1,000 office spaces and parking places. Woonstad has the objective to bind talented young people to the city of Rotterdam and providing appropriate housing is part of its strategy.

Cuatrecasas, Gonçalves Pereira advises Dalian Wanda on a 20% investment in Atlético de Madrid

28 Jan 2015

Chinese business group enters the football club through a capital increase valued at €45 million

Dalian Wanda, a Chinese business group leader in the hotel, leisure and real estate sector, has entered an agreement with the majority shareholders of Club Atlético de Madrid, S.A.D. to subscribe 20% of the company’s share capital in a future capital increase valued at €45 million. The public limited sports company’s general meeting of shareholders has yet to approve the transaction.

Japanese real estate investment company acquires shopping mall “stilwerk” in Berlin

26 Jan 2015

A BLP team led by real estate partner Carsten Bremer advised NIS ARB EDO on the acquisition of the interior design shopping mall “stilwerk” in Berlin

NIS ARB EDO is a real estate investment company mainly financed by Japanese institutional investors. NIS ARB EDO instructed Berwin Leighton Paisner (Germany) LLP for the first time to provide legal advice. Commercial consultation on the acquisition was provided by ARB Asset Management in Berlin.

DLA Piper advises W. P. Carey on offering of €500 million of senior unsecured notes

26 Jan 2015

DLA Piper LLP (US) advised W. P. Carey Inc. on an underwritten public offering of €500 million aggregate principal amount of 2.000% Senior Unsecured Notes due January 20, 2023. The offering of the Notes closed on January 21, 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.

Guangzhou-based Attorneys Assist Kiping Group in Gaining CSRC Approval for a Second Private Placement

23 Jan 2015

Kiping Group (stock code: SH601636) recently gained CSRC approval for its private placement project. It was advised by Guangzhou-based attorneys Lu Wangsheng, Peng Yuan and trainee Jiang Yuwen.

Kiping Group, listed on the Main Board of Shanghai Stock Exchange, would become China’s No.1 glass manufacturer following the private placement and purchase of assets from substantial shareholders.

Slaughter and May is advising Derwent London - letting of 2 Stephen Street to The Office Group

22 Jan 2015

Slaughter and May is advising Derwent London on the letting of first, second and third floors, 2 Stephen Street, London W1 to The Office Group, a flexible office space provider. The Office Group will take a 20-year lease of approximately 34,000 square feet at a basic annual rent of approximately £2.2 million together with profit-sharing arrangements.

The refurbished building forms part of Derwent London's significant interests in the redevelopment of sites in the vicinity of the new Crossrail station at Tottenham Court Road.

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