Dentons’ Real Estate team acted as legal counsel to Starwood Capital Group, a leading global private investment firm, on its first investment in Krakow, Poland’s second largest city - the acquisition of Quattro Business Park from Grupa Buma, a local Polish developer.
Allens has advised WestConnex Delivery Authority on the first construction contract for the WestConnex road project, being the widening of Sydney's M4 motorway.
Under the contract, signed last week, the Rizzani De Eccher Leighton joint venture will widen Sydney's M4 between Parramatta and Homebush from three lanes to four.
Construction will begin in early 2015.
The Allens team on the matter was led by Leighton O'Brien.
Dentons has advised Meininger Holding on the formation of a commercial partnership with leading European real estate investor Foncière des Régions, through its subsidiary Foncière des Murs, to source and acquire hotel properties across Europe. The strategic agreement could lead to €400 million in investments through triple net long-term leases over the next four years.
Slaughter and May, Hong Kong, is advising China National Building Material Group Corporation (CNBM) in relation to its subscription (through its wholly-owned subsidiary) for new ordinary shares in China Glass Holdings Limited (China Glass) for a total consideration of HK$244 million (US$31.5 million). The transaction will give CNBM a 14.36% interest in China Glass. The shares will be issued pursuant to the general mandate granted by the shareholders of China Glass at its last Annual General Meeting.
DLA Piper represented Regent Properties (Regent), a multi-faceted real estate investment management firm, in its fundraising of US$300 million in equity commitments. The $300 million in commitments exceeds Regent Properties’ fundraising goals by 50%.
The investors in the fund include BlackRock and Caxton Alternative Management, as well as high net worth family offices. DLA worked with Regent in the creation of its fund, and in the negotiation of the terms of investment of the $US300million in committed capital.
Clifford Chance advised Carmila on a new project comprising two components. In France, the acquisition by Carmila, for a total price of 931 million Euros, of regional shopping centres owned by Unibail-Rodamco and adjacent to Carrefour shops.
In Spain, the acquisition by Carmila from Carrefour of real estate assets for a total price of 182 million Euros.
This new project, with a total of EUR 1.1 billion, was financed through a capital increase subscribed by the shareholders of Carmila and bank financing.
NRP Eiendom 2010 AS sells Nordic logistics portfolio with assets of approx. EUR 300 million (DKK 2.2 billion) across Denmark, Sweden, Norway and Finland to Cordea Savills.
DLA Piper has advised Ballast Nedam N.V. on the sale of its offshore activities, which included the vessel Svanen, to a subsidiary of the dredging company Van Oord N.V. Ballast Nedam N.V.’s offshore activities consisted of engineering, procurement, construction and installation services for the construction of offshore wind farms.
The sale of the offshore activities took on the form of an auction process, with the transaction being completed under strict timeframes, in line with the announcement of Ballast Nedam N.V’s divestment programme.
Geneba Properties N.V. is a European commercial real estate company, incorporated in 2013 and based in Amsterdam, the Netherlands. It manages a property portfolio consisting of long-term leased commercial real estate in Germany, the Netherlands and the three Baltic countries. Geneba's investment focus is on Corporate Real Estate assets which serve its tenants as operational basis. The main targets are logistical and light industrial buildings as well as office buildings in Germany, the Netherlands and Scandinavia. Geneba's shares are traded at NPEX.
Clifford Chance has advised Real I.S. Grundvermögen, a real estate fund belonging to Real I.S., on the acquisition of the RegerHof office and retail centre in Munich from Bayerische Hausbau. The parties have agreed not to disclose any details of the purchase price.
The property in central Munich comprises around 10,500 m² of office space across six floors and around 2,800 m² of retail space on the ground floor. The retail tenants are Rossmann, Tengelmann and a bakery outlet.