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Real Estate & Construction

Vinge advises Platzer on deal with Serenke

14 Jan 2015

Vinge has advised Platzer Fastigheter in connection with the acquisition of Gamlestadens Resecentumutveckling AB from Serneke Group. The parties will jointly develop Gamlestadens Resecentumutveckling in project form and the facility will have an area of 17,000 sq.m. Platezer will be the owner and will be responsible for letting and management whereas Serneke will be responsible for the turnkey construction project. The project is valued at SEK 450 million and is part of the West Sweden (Infrastructure) Package.

Burges Salmon Real Estate lawyers advise Skanska on major Bristol office development

14 Jan 2015

Real Estate and Construction specialists from Burges Salmon has advised Skanska on its first UK commercial development project in Bristol at 66 Queen Square. The 61,000 sq ft office will be completed in the summer and will provide Grade A office accommodation in the heart of the city with spectacular views over the square.

Freshfields advises Shui On Land on Shanghai property disposal

13 Jan 2015

Freshfields Bruckhaus Deringer has advised Shui On Land Limited on the disposal of Infoshore International Limited (Infoshore) to Bayline Global Limited, a company indirectly owned by LKK Health Products Group Limited and China Vanke Co., Ltd.

International law firm Freshfields Bruckhaus Deringer has advised Shui On Land Limited on the disposal of Infoshore International Limited (Infoshore) to Bayline Global Limited, a company indirectly owned by LKK Health Products Group Limited and China Vanke Co., Ltd.

Hannes Snellman advised eQ Finnish Real Estate in its first acquisitions

13 Jan 2015

Hannes Snellman advised eQ Finnish Real Estate, a real estate fund launched by eQ Asset Management Ltd on 31 December 2014, in the fund’s first acquisitions of two properties with an aggregate value of 23 million euros from VR Pension Fund and Etera Mutual Pension Insurance Company.

Our core team comprised Tapio Teräkivi, Antti Antikainen and Karoliina Koto.

Trowers & Hamlins advises on merger to create one of UK’s largest housing associations

12 Jan 2015

Trowers & Hamlins is pleased to have advised on the merger of Raglan and Jephson housing association to form Stonewater, a new registered provider managing around 31,000 homes across the UK.

The merger completed on 31 December 2014 and creates one of the UK's largest registered providers with a turnover of £160 million and £1.6 billion in assets. 

As one of its first initiatives, Stonewater will be leading one of the UK’s largest development programmes which will provide more than 7,000 new affordable homes over the next ten years.

Olswang advises Dream Global REIT on acquisition of Millerntorplatz 1 in Hamburg

12 Jan 2015

OLSWANG advised Dream Global REIT on the 95.7m acquisition and funding of a commercial property, Millerntorplatz 1 in Hamburg St. Pauli. Seller of the property is the CS Euroreal fund of Credit Suisse. The closing of the transaction which has been structured as an asset deal shall take place end of January 2015.

The building has been constructed in 1997 and comprises a total of 35,000 sqm rental area of which 88% is leased. Anchor tenant is Deutsche Rentenversicherung, Knappschaft Bahn See.

Ashurst advises WCM AG on resumption of operations

12 Jan 2015

Ashurst advised WCM Beteiligungs- und Grundbesitz-AG ("WCM AG"), Frankfurt am Main, comprehensively on its successful resumption of operations. Ashurst advised both on the implementation of a combined cash and non-cash capital increase from authorised capital and the strategic realignment of the company, as well as on the acquisition and financing of a real estate portfolio comprising four commercial properties for a total price of €80.9 million. Rental income totals approx. €5.7 million p.a.

Renhe Commercial Holdings Company Limited Tender Offers and Consent Solicitations

12 Jan 2015

Davis Polk advised Renhe Commercial Holdings Company Limited in connection with its cash tender offers and consent solicitations for all of its outstanding 11.75% senior notes due 2015 and 13.0% senior notes due 2016. Deutsche Bank AG, Singapore Branch was the dealer manager of the transaction.  

Renhe Commercial Holdings Company Limited is a PRC-based underground shopping center operator and developer that focuses on the operation and development of stand-alone underground shopping centers for wholesale and retail sales of apparel and accessories in China.