Hannes Snellman acted as counsel to AXA Real Estate in its acquisition of a prime CBD office property with an underlying property value of approx. MEUR 65 from a fund managed by Exilion Capital Oy. Our core team in Helsinki comprised Tapio Teräkivi, Hanna Westenius, Karoliina Koto and Heini Salonen.
Shanghai Liyang Road Consolidation Technology Co., Ltd. (Stock code: 831140) has listed on the National Equities Exchange and Quotations with professional legal support from AllBright. Stock code: 831140.
Liyang Technology is a high-tech company in the construction industry. Since its establishment, Liyang Technology has been enhancing its competitiveness through technological innovation. The company has sizable market share in Shanghai and is expanding into the national road consolidation market.
Slaughter and May is advising Derwent London on the re-gear of FremantleMedia's leases of premises at 1 and 2 Stephen Street, London W1. FremantleMedia is the world's largest creator and producer of entertainment brands (including The X Factor). Following completion of the re-gear, FremantleMedia will occupy approximately 83,000 square feet at a total initial rent of approximately £3.175 million with fixed increases over the term.
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Real Estate: Jane Edwarde (partner), Simon Bartle (associate), Mark Gulliford (associate) and Eleanor Stubbs (trainee)
DLA Piper has advised real estate company Octagon Residential S.à.r.l. on the refinancing of a German residential portfolio. Octagon was refinanced by a comprehensively secured senior loan by Deutsche Pfandbriefbank in the amount of 36 million Euro and a subordinated secured mezzanine tranche.
Linklaters has acted for Pan European Core Fund, one of the investment funds managed by CBRE Global Investors, in relation to the acquisition of over 30,500 sqm Ideal Idea logistic complex located near the Warsaw Chopin airport. The seller was BPH Real Estate Closed-End Fund 2, General Electric's real estate investment arm in Poland.
AllBright’s client Shanghai Industrial Urban Development Group, Ltd. (“SIUD”) (0563.HK) announced that it has, through an overseas indirect acquisition, bought a 99% ownership stake in Shanghai Mart Co., Ltd. at a cost of USD $579,300,000. The deal was closed on the same day it was announced. SIUD has set up a joint venture with Hong Kong’s Nan Fung Group to renovate and manage the property under the Shanghai Mart name.
SIUD is a Hong Kong-listed company focusing on property development, property investment and hotel operations.
CMS has advised longstanding client Land Securities on the £224.1m sale of The Centre and Almondvale West Retail Park, Livingston to HSBC Alternative Investments. The Centre is Scotland's second-largest covered shopping centre and totals more than 1 million sq ft with over 160 retailers.
Land Securities is the UK's largest listed commercial property company and a member of the FTSE 100. The company owns and manages more than 25 million sq ft of property, from shopping centres to offices, valued in excess of £13.2 billion.
Avielen, a joint venture between the Austrian real estate developer Warimpex, CA Immo Group, and UBM, successfully completed the sale and lease of two office towers and associated land plots including those for parking at AIRPORTCITY St. Petersburg.
Clifford Chance has advised GLL Real Estate Partners GmbH on the acquisition of the Accent Office Center (AOC) in Frankfurt which GLL Real Estate Partners GmbH has purchased for GLL Pan European Property Fund.
The vendor was ActivumSG Capital Management Ltd., a real estate investment fund manager focusing on investments in Germany. The AOC, located at Hanauer Landstrasse, was completed in 2004 and comprises 22.500 m² of useable floor space. ActivumSG had acquired that office center in 2011.
Henry Davis York advised Centuria Property Funds Limited (as responsible entity of Centuria Metropolitan REIT No.1 and Centuria Metropolitan REIT No.2 (together, CMA)) on the offer of stapled securities in CMA and listing of CMA on the Australian Securities Exchange (ASX).
The offer consists of an institutional offer, broker firm offer and a priority offer (Offer) and raised approximately A$114.3 million.