An energy and infrastructure team, led by David Wyles and Silke Goldberg, has advised Transmission Capital Partners (TCP), a joint venture between International Public Partnerships, Amber Infrastructure Group and Transmission Investment, on the financing and acquisition (for £298 million) of the transmission link to the 402MW Dudgeon offshore wind farm, located off the coast of Norfolk in the UK.
Macfarlanes has advised Regent’s Crescent Property Holding (Lease B) Limited on the construction aspects of the redevelopment of the John Nash designed, Grade 1 listed, Regent’s Crescent into over 70 luxury apartments and mews houses.
Macfarlanes has advised on the letting of the building contract to JRL Group and the construction aspects of the subsequent sharia complaint financing of the development with a value of more than £350m.
International law firm Bryan Cave Leighton Paisner (BCLP) has advised Regent’s Crescent Property Holding (Lease B) Limited on a range of sharia compliant senior and mezzanine facilities in excess of £350m to finance its high-end Regent’s Crescent residential development.
The facilities, which will finance the redevelopment of the John Nash designed, Grade 1 listed, properties overlooking Regent’s Park into luxury apartments and mews houses include:
a senior development facility of £295m;
Macfarlanes has advised UK-based Apache Capital Partners (Apache Capital), a leading private real estate investment management firm, on the successful establishment of a new joint venture platform with investment from US investor Harrison Street Real Estate Capital, Apache Capital and other significant real estate investors, including National Farmers Union (NFU) Mutual Insurance Society Limited.
Slaughter and May advised Derwent London plc (Derwent), a leading London property developer and investor, in relation to a note purchase agreement for the issue and purchase of £250 million private placement notes.
De Brauw served as lead counsel to Bouwfonds Investment Management on its further disposal of commercial real estate portfolios. More information on the deal to be found below.
Client name
Bouwfonds Investment Management B.V.
Other parties involved
GARBE Institutional Capital B.V.
Nature of transaction
Baker McKenzie has advised AmRest Holdings SE on the framework of the acquisition of 15 restaurants operated under the KFC brand from KFC France SAS. The acquisition was accompanied by the conclusion of a franchise agreement for each of the 15 restaurants. The transaction is valued at approximately 33.3 million euros.
LONDON – Reed Smith has advised Telereal Trillium, one of the UK’s largest property companies, on the corporate sale of the Hayhill Portfolio to Elite UK Commercial Limited for £282.15 million.
The portfolio, legally and beneficially held by London Wall Outsourcing Holdings Limited, has a combined annual rent of £23.29m and comprises of 97 regional offices let to the Department for Work and Pensions (DWP) on new, 10-year FRI leases, commencing on 1 April 2018.
The transaction was the first acquisition by new £100m energy storage investment fund, Gresham House Energy Storage Fund plc, which was recently admitted to trading on the London Stock Exchange.
Burges Salmon’s Corporate team has advised Gresham House Asset Management, acting in its role as asset manager, on the sale by multiple sellers of five fully operational battery storage facilities, with a combined capacity of 70MW, to Gresham House Energy Storage Fund plc (the “Fund”).
Leading international law firm Clifford Chance has advised L'Etoile Properties Real Estate Investment Management GmbH ("L'Etoile") and Koramco Asset Management Co. Ltd. ("Koramco") on the acquisition of a logistics property in Garbsen near Hanover by way of a share deal for around 86 million euros. In this transaction, Koramco acts as asset manager for Korean real estate funds, backed by Korean investors. The seller is the Baum Group, which developed the property itself.