Gide has advised Oxford Properties Group, the real estate branch of Canadian company OMERS, on the acquisition from Olayan Group of 273 rue Saint Honoré in central Paris.
273 rue Saint Honoré is a luxury retail, exhibition and office asset covering approximately 1,430 sq.m., currently fully leased to the Italian luxury brand Valentino.
Macfarlanes has advised a consortium of Stanhope, Mitsui and AIMCo on the letting of 54,000 square feet of office space at White City Place in west London to multinational pharmaceutical company Novartis for its new UK headquarters.
White City Place (formerly the BBC Media Village) is gaining traction as a hub for technology and innovation within life sciences, with 1.9m square feet of office space sitting alongside Imperial College’s new White City Campus.
Osborne Clarke has advised bauverein AG on the documentation of its first issue of registered unsecured bonds in the amount of EUR 50 million arranged by Landesbank Hessen-Thüringen. bauverein AG is the real estate subsidiary of the City of Darmstadt. With 16,000 residential units in and around Darmstadt and 150 years of experience in residential construction and management, it is the largest real estate service provider in the south of the state of Hesse.
King & Wood Mallesons has acted for Dexus on a joint venture to establish a $2 billion unlisted logistics trust. The vehicle, named Dexus Australian Logistics Trust, will invest in Australian logistics properties and be open-ended with an indefinite term.
Dexus will initially hold 75% of the core vehicle, to be seeded with assets from its existing industrial portfolio. The remaining 25% will be taken by Singaporean sovereign wealth fund, GIC. GIC will have put and call rights to acquire an additional 24% by June 2020.
Baker McKenzie assisted Savills Investment Management SGR in the operation for increasing the real estate area of Comparto Centronord of the multi-sector real estate AIF called "Mercury", managed by Savills IM, through a transfer operation of a portfolio of eight supermarkets located between Emilia Romagna and Lombardy.
First UK real estate venture for the Singaporean investment firm
Eversheds Sutherland has acted as lead legal advisor for Elite Partners Capital on its first UK real estate venture with the acquisition of 97 property assets across the UK through a managed fund.
Elite Partners Capital, an asset management and investment institution based in Singapore, purchased the “Hayhill Portfolio” from Telereal Trillium for £280m through its Elite UK Commercial Fund.
The Banking team at law firm Irwin Mitchell has advised on the funding deal which has seen Chorley-based Euxton Tile Supplies Ltd being acquired by Earle Group.
Arbuthnot Commercial Asset Based Lending has supported the deal with a £2m facility to provide the desired level of headroom in the transaction.
Gide has advised EFG Hermes Promoting and Underwriting on the Initial Public Offering and listing of Cairo for Investment and Real Estate Development S.A.E. ("CIRA") on the Egyptian Stock Exchange in October 2018, for an amount of EGP 1.2 billion.
EFG Hermes Promoting and Underwriting acted as sole global coordinator and bookrunner to the transaction. The IPO saw over 200 million shares issued in Egypt via a public offering and via private placement to institutional investors in several jurisdictions, including to qualified institutional buyers in the United States.
On 1 October 2018, the City of Reims signed a concession agreement with project company RMSIEC, wholly owned by the Eiffage group.
The concession, entered into for a term of 25 years, concerns the construction of the city's main events arena ("Grande Salle Evènementielle"), the modernisation of the city's congress centre ("Centre des Congrès") and exhibition centre ("Parc des Expositions"), as well as the financing, operation and management of the three reception venues.
Herbert Smith Freehills has advised Vicinity Centres on the sale of a portfolio of ten shopping centres to SCA Property Group (SCP) for A$573 million.
Settlement of nine of the shopping centres (Bentons Square and The Gateway in Victoria, Lavington Square and West End Plaza in New South Wales, North Shore Village and Oxenford Village in Queensland, Kalamunda Central, Stirlings Central and the Warnbro Centre in Western Australia) occurred on 10 October 2018. Settlement of Currambine Central in Western Australia occurred on 20 November 2018.