Hengeler Mueller advises ImmobilienScout24 on acquisition of FLOWFACT ImmobilienScout24 expands its activities in the field of Customer Relation Management systems (CRM) and acquires FLOWFACT AG, headquartered in Cologne. FLOWFACT AG is a leading provider of software in the real estate sector in Germany. The company was founded in 1985 and has more than 120 employees at the location in Cologne.
Macfarlanes has advised an affiliate of real estate firm Realstar Group on a joint venture agreement with Mace Real Estate to deliver a mixed use development at Newington Butts in Elephant & Castle, South London.
The development will include private rented sector accommodation ("PRS"), affordable housing, a theatre and retail space.
The development is expected to have a GDV in excess of £200m. Mace Real Estate Limited has been appointed as the development manager and Mace Limited has been appointed as the building contractor.
DWF has advised Roydhouse Properties on the forward funding of Central Square, Leeds. The development, which will be funded by M&G Real Estate, in conjunction with Marrico LLP and Roydhouse Properties, marks the first speculative office scheme in Leeds for eight years and demonstrates progression in the provision of Grade ‘A’ office space in the region. The 11-storey office scheme is located between Wellington Street and Whitehall Road, and is only a short walk from City Square and Leeds Railway station, occupying a prime site in the Leeds office district.
Paul Hastings LLP has represented FHipo (Fideicomiso Hipotecario) in FHipo’s IPO. FHipo is the first Mexican mortgage REIT and raised over US $633 million in its IPO. The groundbreaking offering also had one of the largest number of international purchasers in an IPO in Latin America.
DLA Piper has advised PORR AG ("PORR") on a €250 million issuance programme and bond conversion.
Dr. Christian Temmel, DLA Piper with extensive experience within capital markets, served as the transaction lawyer for PORR. He also acted for Erste Group Bank AG as sole arranger and dealer manager. The offer was based on a prospectus approved by the Austrian FMA and was accepted very positively. Approximately €70 million were exchanged into new issued bonds.
Noerr advised Cemex, one of the leading building materials suppliers worldwide, on an international shareholding exchange with its competitor Holcim. The various transactions have now been signed in Frankfurt, since the cartel authorities have consented.
White & Case LLP has advised Autostrade per l’Italia S.p.A., as issuer, on the Italian and English law aspects of the establishment of its €7 billion Euro Medium Term Note Programme.
The Base Prospectus has been approved by the Central Bank of Ireland. Autostrade per L’Italia is a European leader among concessionaire for the construction and management of toll highways, with its 5,000km network located in Italy, Brazil, Chile, India and Poland.
Paul, Weiss obtained a victory on behalf of the senior management of iStar Financial Inc., a real estate investment trust, when Judge Pamela White of the Baltimore City Circuit Court issued an order granting our motion to dismiss a putative class action on behalf of iStar shareholders. In the complaint, plaintiffs alleged that iStar had improperly modified financial awards granted to its senior management in 2011 after the company had failed to meet certain "performance-based" objectives, in purported violation of the company's long-term incentive plan.
Ashurst advised Berkeley Group, one of the UK's best known developers of new homes, on securing planning permission for up to 750 new homes at Warfield near Bracknell, Berkshire. The development also includes a new two form entry primary school, substantial areas of public open space, a new north-south link road and a senior living scheme.
The grant of permission follows extensive negotiations with Bracknell Forest Borough Council, as planning and highways authority, and landowners with whom Berkeley has entered into option arrangements.
DLA Piper has advised Mace Real Estate on a joint venture agreement with an affiliate of Realstar Group, for the delivery of a 45 storey tower at Newington Butts in Elephant and Castle.
The development which has been heralded by the Mayor of London, Boris Johnson as "ground-breaking" due to its scale and supply of private residential sector accommodation (PRS) to the city, will have a GDV of over £200m.