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Real Estate & Construction

Mayer Brown advises CitCor on the sale of 5,000 apartments

08 Sep 2014

Mayer Brown advised CitCor Residential Group, a joint venture of Citigroup Property Investors and Corpus Sireo, on the sale of 5,000 apartments in the area of Berlin to Deutsche Annington. The living and utility areas cover 344,000 square meter. The purchase price was not disclosed.

The Mayer Brown Team working on the transaction included Dr. Jörg Michael Lang (Lead, Real Estate, Frankfurt), Frank David Endebrock (Real Estate, Frankfurt), Dr. Jens Peter Schmidt (Antitrust, Brussels) and of counsel Elmar Günther (Real Estate, Frankfurt).

Norton Rose Fulbright advises GPT on the purchase of one of Melbourne’s largest recent property developments

05 Sep 2014

A multidisciplinary team based in Melbourne has acted for The GPT Group (GPT), a leading Australian real estate investment trust, and the GPT Wholesale Office Fund on their joint purchase of CBW for A$608 million from CBUS Property.

CBW, otherwise known as ‘Corner of Bourke and William’, is one of the largest recent developments in the city, comprising approximately 75,000 sqm of office space and 5,000 sqm of retail on the corner of two of Melbourne’s most central streets.

Hogan Lovells Advises Moor Park Funds in Hotel Deal

05 Sep 2014

Hogan Lovells has acted for Moor Park Real Estate Partners I LP Incorporated and Moor Park Real Estate Partners II LP Incorporated in Accor's purchase of 86 of their hotels in Germany and The Netherlands. The hotels have been operating under Accor's IBIS, IBIS Budget, Mercure and Novotel brands since they sold the hotels to Moor Park in 2007.

The deal covers the re-purchase of two hotel portfolios of 86 hotels in Europe, which Accor had previously sold and leased back to free up capital.

The Crown Estate completes Fosse Park purchase and establishes joint venture with Gingko Tree

04 Sep 2014

The Crown Estate has completed its purchase of Fosse Shopping Park in Leicester for £345.5m in a joint venture with Gingko Tree Investment Ltd.

Both organisations will take a 50% stake in Fosse Park through an English Limited Partnership, with The Crown Estate managing the asset on behalf of the partnership.

Clifford Chance advises Société Nationale Immobilière on the first intermediate housing fund (FLI)

02 Sep 2014

Leading international law firm Clifford Chance has advised Société Nationale Immobilière (SNI), a subsidiary of Caisse des Dépôts Group, on the structuring, negotiation and launch of the first intermediate housing fund (FLI).

The creation of this fund will boost the construction and activity in promoting the return of institutional investors in residential property.

Baker & McKenzie Advises The Link REIT on its Acquisition of Lions Rise Mall for HKD1.38 billion

02 Sep 2014

Baker & McKenzie is advising The Link Management Limited ("Manager"), manager of The Link Real Estate Investment Trust (”The Link REIT”), on The Link REIT's acquisition of the commercial development, signage areas and commercial private car and motor cycle parking spaces of Lions Rise Mall in Kowloon (the "Property") from a wholly owned subsidiary of Kerry Properties Limited for a total consideration of HKD1.38 billion.

Dentons advises ORCO Property Group on the sale of Zlota 44, the tallest residential tower in the EU

01 Sep 2014

Dentons’ real estate team advised ORCO Property Group, an investor, developer and asset manager in CEE, on the sale of the Zlota 44 residential tower in Warsaw to Skyline Residential Sarl, JV entity of American property fund Amstar, and Polish property firm BBI Development.

White & Case Advises PointPark Properties on €523 Million Acquisition of Czech Logistics Portfolio

28 Aug 2014

Global law firm White & Case LLP has advised PointPark Properties (P3), the specialist owner, developer and manager of European logistics properties, on the €523 million acquisition of a Czech logistics portfolio from two funds controlled by Tristan Capital Partners and VGP.

P3, owned by a leading global private equity firm TPG Capital and real estate company Ivanhoe Cambridge, has agreed to buy 58 warehouses and development land covering a total of 627,000 square metres in a number of strategic locations across the Czech Republic, including the capital Prague.

Osborne Clarke advises on £40m Moorfield disposal of student accommodation

28 Aug 2014

Osborne Clarke has advised Moorfield Group, on behalf of the Moorfield Real Estate Fund III, on the disposal of The Printworks in Exeter to BlackRock UK Property Fund for £40m.

The Printworks offers a mix of 492 studio and multi-bedroom apartments with extensive communal facilities. The accommodation is closely situated to Exeter University’s campus and is one of the largest private purpose built schemes in the city. When it opened its doors in 2013, it achieved 100 per cent occupancy.