DLA Piper has advised Catella Real Estate AG (Catella) on the acquisition of a residential and commercial building in Munich. Catella acquired the property for its fund Catella MAX as part of an asset deal. This is already the twelfth property for the Catella MAX special fund, which is focused in Munich.
The shareholders of Care Property Invest (CP Invest), a Belgian listed real estate player specialised in Belgian healthcare properties, have approved the change of status from a “public real estate investment company” (“openbare vastgoedbevak / sicafi publique”) into a “public regulated real estate company” (“openbare gereglementeerde vastgoedvennootschap / société immobilière réglementée publique”).
La Société Foncière Lyonnaise (SFL) has announced it has recently signed an agreement with Blackstone Real Estate Partners Europe III for the acquisition of an office building of approx. 25,000 sq.m., situated on a one-hectare plot on Rue Condorcet, in the 9th arrondissement of Paris.
Completion of the acquisition, representing an investment of EUR 230 million, is due to take place in December 2014.
The Scottish-owned property and investment manager Aberdeen has sold, through the Danish fund Aberdeen Property Fund Denmark P/S, eleven commercial properties to ATP and Industriens Pension for DKK 513.5 million.
The properties, previously owned by TDC, are situated across Denmark. Nine of the eleven properties will continue to be leased to TDC on long-term contracts. The portfolio includes a total area of approx. 52,000 square metres and is primarily concentrated in the areas of Greater Copenhagen, Odense and major cities in Jutland.
Nabarro has acted for Kish Holdings Limited, which was advised by Green Property, in relation to the sale of the whole of the issued share capital of Kish One Limited for over £206 million. Kish One is the owner of 111 Buckingham Palace Road, the Headquarters of the Telegraph Media Group, publishers of the Daily Telegraph and the Sunday Telegraph.
The Swedish private equity fund NIAM has purchased Lygten 37 located in the North-West district of Copenhagen from the administration company Ejendomsvisioner through the real estate company Lintrup & Norgart at an amount corresponding to DKK 90 million.
Noerr acted for Caleus Capital Investors in a transaction in which three residential complexes with a total of 1,800 units in Berlin were sold by the pan-European real estate fund EPISO advised by Caleus and Tristan Capital Partners. The purchasers are state companies.
Shoosmiths has advised McKay Securities plc on the acquisition of a £8.75m mixed use leisure scheme in the heart of Woking.
Shoosmiths' Thames Valley real estate team, including partner Andrew Farmery, associate George Panteli and solicitor Nick Dalgleish, advised McKay, a real estate investment trust (REIT), on the off market freehold acquisition of The Planets, a large leisure development in Woking from St Modwen plc.
Wragge Lawrence Graham & Co has advised real estate investment trust Empiric Student Property on a £65.6 million secondary fundraising.
The funds were raised through the placing and offer for subscription of shares at 101 pence each. The new shares will be listed today (Monday, 24 November).
Investment funds specialist, partner John Reed led the Wragge Lawrence Graham & Co team, with assistance from corporate solicitor Emily Troubridge.
LETT has assisted the consortium that has just won the tender for a 30-year PPP contract relating to the construction and operation of the Court in Svendborg, which is a Danish district court.
The successful consortium consists of CASA A/S, DEAS A/S and pension funds PKA, Sampension and PensionDanmark.