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Real Estate & Construction

Procurement victory in the Swedish Administrative Court of Appeal for Hansa Bygg

27 Aug 2014

In December 2013, NCC Construction was awarded the contract in the Municipality of Kalmar’s evaluation of the submitted tenders for the construction of a new fire station in Kalmar. Hansa Bygg, who was ranked second in the evaluation, claimed that NCC Construction’s bid should have been disqualified since it did not comply with all mandatory requirements in the request for tenders. In a judgement on 18 August 2014, the Administrative Court of Appeal in Jönköping ruled in favour of Hansa Bygg’s appeal (case No 897-14).

Dentons advises IREIT Global on the acquisition of an office complex in Munich

26 Aug 2014

Dentons advised IREIT Global on the acquisition of an office complex in Munich. It is the “Quartier Pinus” located in the business park “Concorpark” in Munich-Aschheim, which is let  to Ebase, Allianz and STM. The seller was  Münchner Grund Immobilien Bauträger AG, a subsidiary of the Austrian stock-listed UBM Realitätenentwicklung.

The financing was managed through DekaBank Deutsche Girozentrale.

Ivanhoé Cambridge sells Theresie with Linklaters

20 Aug 2014

Linklaters has advised a subsidiary of Canadian real estate company Ivanhoé Cambridge on the sale of the Theresie building complex in Munich to Deka Immobilien GmbH. The parties signed a sale and purchase agreement on 1 August 2014. The complex of six buildings with different occupancies located in the Theresienhöhe district offers a gross leasable area of approx. 70,000 square meters and has currently about 40 commercial tenants.

DWF advises on acquisition of major Liverpool landmark

19 Aug 2014

DWF, represented UK real estate fund manager, Moorfield Group (Moorfield) in the acquisition of the iconic HM Customs & Excise building at Queens Dock in Liverpool.

Acquired by Moorfield on behalf of Moorfield Real Estate Fund III (MREFIII), the building will be transformed with a c.£30 million investment to create 240 luxury apartments for the private rented sector (PRS). The project will also be part of the wider, on-going rejuvenation of Liverpool’s waterfront.

BLP advises UOL Group Limited on first ever UK deal – the £97m acquisition of the Heron Plaza Site

19 Aug 2014

Berwin Leighton Paisner (BLP), acted for UOL Group Limited (UOL), a substantial Singapore property company listed on the Singapore Exchange with total assets worth more than $10 billion in Asia and Australia, on its corporate acquisition of Heron Plaza.

The transaction represents UOL’s first foray into the London market.

The 3,200-square metre prime freehold site has planning permission to be developed into a 43-storey tower with an estimated total gross floor area of 52,255 square metres comprising:

Baker & McKenzie Advises China Railway Construction Corporation on its USD800 Million Bond Issuance

15 Aug 2014

Baker & McKenzie’s US Securities team in China and Hong Kong recently advised its longstanding client China Railway Construction Corporation Limited (CRCC), a state-owned construction enterprise in China, on a USD800 million 3.95 percent guaranteed bonds issuance pursuant to Regulation S under the U.S. Securities Act.

This is the second bond issuance under Regulation S made by CRCC, on which the Firm has advised. In May 2013, the Firm also advised CRCC on the offering of USD800 million 3.50 percent guaranteed bonds due 2018.

Ashurst advises Warburg - Henderson on acquisition of office building Valentinshof in Hamburg

13 Aug 2014

Ashurst advised Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH (Warburg - Henderson), represented by HIH Hamburgische Immobilien Handlung GmbH (HIH), on the acquisition of the office building Valentinshof in Hamburg, Germany. Warburg - Henderson acquired the property for its special fund Warburg - Henderson Deutschland Top 5. The property was sold by Tishman Speyer.