Kungsleden AB has acquired Kista One and three additional office properties, located in Kista Science City, from Areim. The property portfolio has an underlying property value of just over SEK 2 billion. The total leasable area amounts to 73,000 square metres.
Kungsleden was advised by Mannheimer Swartling in the transaction. Klas Wennström handled the assignment, primarily assisted by Jenny Karlsson.
The shares in NP3 Fastigheter AB (publ) (“NP3”) has today been listed on Nasdaq Stockholm. NP3 is a real estate company focusing on the northern parts of Sweden and with a property value of approx. SEK 3.2 billion. As part of the company’s preparation for the IPO it carried out a private placement of shares, in the amount of approx. SEK 380 million, in June 2014.
Welltec, a leading provider of robotic intervention services and completion solutions to the oil and gas industry, today announced a finance agreement with the European Investment Bank to contribute to the development of Welltec’s advanced robotic solutions.
Rabo Real Estate Group ("Rabo"), the real estate division of Rabobank with headquarters in the Netherlands, has sold the PalaisQuartier in Frankfurt am Main to funds managed by Deutsche Asset & Wealth Management. ECE is participating in the acquisition with a 10% stake and will manage the "MyZeil" shopping centre. The PalaisQuartier in the centre of Frankfurt consists in addition to the "MyZeil" shopping centre of the "NEXTOWER" office building, the "Jumeirah Frankfurt" hotel, the
DLA Piper has advised ASX-listed Mirvac Group on its acquisition of a major retail centre and marina in Sydney.
Birkenhead Point Shopping Centre, Drummoyne, and an adjoining car parking facility and marina, has been purchased by the group for a total consideration of AU$310 million. The asset was purchased from Abacus Property Group & Kirsh Group.
Freshfields Bruckhaus Deringer has advised MDAX-listed housing company GAGFAH S.A. on combining its business with Deutsche Annington Immobilien SE, a German residential real estate company.
On 1 December, GAGFAH and Deutsche Annington reached a general agreement in the course of which Deutsche Annington announced to extend a voluntary public takeover offer to the shareholders of GAGFAH.
Watson, Farley & Williams (“WFW”), has advised TAG Immobilien AG (“TAG“) on the acquisition of an extensive residential real estate portfolio containing approximately 2,300 residential units, effected by share deal. The purchase price is €103 million.
Hemsö has acquired an elderly care home in Mülheim a.d. Ruhr, Germany, from a UK-based investment fund and entered into a long term lease with the home’s operator Caritasverband Stadt Duisburg e.V.
Recently, the syndicate consisting of DBS and UOB has successfully provided a syndicated loan in an aggregate amount of hundreds of millions of RMB to Grand Millennium Beijing under City Developments Limited. The Zhong Lun team, led by Shirley Lu (partner) and also composed of Jianwei Yang and Feifei Qiu (associates) from Shanghai Office, acted as legal counsel for the syndicate and provided full-range legal services for this re-financing project.
Irwin Mitchell’s Real Estate team has advised Resolution Property on its acquisition of Colston Tower, Bristol from Development Securities Ltd.
Colston Tower offers just under 89,000 sq. ft. of high quality space, 76% which is office space and 24% retail/leisure, in a prime location in Bristol overlooking Clifton, the city centre and Harbourside. Tenants include Database Group and Fusion People.