Houthoff Buruma advised Kroonenberg Groep on the € 117,5 million acquisition of Kalvertoren, one of the Amsterdam city centre most well-known shopping centres, from Deutsche Asset & Wealth Management. The shopping centre offers 13.000 m^2 of retail space that is currently rented to 22 shops and 2 restaurants.
Houthoff Buruma team included: Marnix Aarts
Dentons’ Global Real Estate team acted as legal counsel to AFI Europe, a leading real estate development and investment company operating in Europe, on the sale of AFI Palace Pardubice shopping center to Atrium European Real Estate. The Transaction value was €83 million.
National law firm Irwin Mitchell's Construction Department is advising a joint venture between Delancey and Infinity SDC: Here East. The 1.2m sq. ft project will transform the former Press and Broadcast Centres on Queen Elizabeth Olympic Park into a unique cluster, providing a range of versatile spaces for the UK’s flourishing creative and digital industries.
FPS advised the Belgian company REIT Aedifica on the acquisition of three special purpose companies in Luxembourg that own eight nursing homes in Germany. With this acquisition, the German portfolio of Aedifica now comprises 13 nursing homes worth more than €100 million.
Xi’an Chanbahe Development Co., Ltd. successfully registered RMB1.1bn worth of short-term financing bills and RMB2bn worth of private placement notes (PPNs) with National Association of Financial Market Institutional Investors and offered the first tranche of short-term financing bills RMB500mln in size and the second tranche of PPNs RMB600mln in size respectively for the year 2014. Partner Chen Jie and attorney Zhang Yindi from Dacheng’s Xi’an office advised the company on the issuance.
Huanggang Urban Development and Investment Co., Ltd. recently retained attorneys from Dacheng’s Shanghai office as legal counsel on the issuance of RMB2.5bn worth of corporate bonds.
The issuance took place following the release of “Corporate Bond Review Handbook” by the National Development and Reform Commission, in which more detailed and stricter rules regarding lawyers’ work procedures and specific matters subject to review were set out.
Castellum’s subsidiary Fastighets AB Corallen has divested a real property portfolio comprising 53 properties in southern Sweden to Hemfosa Fastigheter for approximately SEK 1.9 billion. The transaction also includes a transfer by Castellum subsidiary Eklandia Fastigheter AB of a real property in Gothenburg to the same buyer. In connection with the divestment, all the employees in Corallen’s property management organization in Värnamo and Växjö will transfer to Hemfosa Fastigheter.
Nabarro has advised South Street Asset Management about the establishment of an £89 million UK student accommodation fund. South Street Asset Management is one of the UK’s largest independent student housing providers with over £200m of assets under management. It has successfully secured the £89 million commitment from a major Kuwaiti pension fund for deployment in the UK student accommodation sector.
The UK student accommodation fund is targeting double digit returns and taps into growing demand from Middle Eastern investors for UK student accommodation.
Clifford Chance has advised Indiabulls Real Estate Limited as parent guarantor and Century Limited as issuer on the issuance of US$175 million 10.25% senior notes due 2019 listed on the Singapore Stock Exchange (SGX). Deutsche Bank was the lead manager.
Advising the sponsors in connection with the Design, Build, Financing and 20 year Maintenance (DBFM) of the SAA A9 Gaasperdammerweg roads project. Financial close of the appr Euro 700m project was achieved on 13 November 2014.