Norton Rose Fulbright has advised ADLER Real Estate AG in connection with a recently completed voluntary public takeover bid in form of an exchange offer to the shareholders of ESTAVIS AG. Through the exchange of approximately 21.5 million no-par value bearer shares of ESTAVIS against shares of ADLER Real Estate at a ratio of 25:14, ADLER Real Estate acquired around 92.7 per cent of the share capital of ESTAVIS.

Addleshaw Goddard's Manchester M&A team has acted on key North West deals totalling over £860m in the last three weeks alone. The list of deals is a who's who of the key M&A activity in the region - the Co-operative Group's £620m sale of its retail pharmacy business, the investment in The Hut's by a consortium of investors led by KKR, Capita's £18.2m acquisition of Monarch Education, the takeover bid for listed company Pochin's plc and Assura's acquisition of The One Life Medical Centre.

Macfarlanes has advised Brookfield Property Partners on the disposal of its property at 125 Old Broad Street.

The property, a 330,000 sq ft office tower in the City of London, was purchased by US private equity group Blackstone for £320m.

The Macfarlanes team included head of commercial real estate Ian Nisse and corporate partner Nicholas Barclay.

Korea-based Samsung SRA Asset Management Co. Ltd., the real estate investment management arm of Samsung Life Insurance Co., Ltd., made its first real estate investment in the United States. Samsung SRA and its investors made a US$97.5 million preferred equity investment in Portals III, a 500,000 square feet, 10-story office building located in Southwest DC and owned by Republic Properties Corporation. The investment was part of a recapitalization of the asset with Korea Exchange Bank refinancing the senior mortgage loan in the amount of US$160 million.

DLA Piper represented Clarion Partners in its sale of LMF Frisa Comercial, a commercial real estate joint venture, to partner Frisa, a Mexican real estate investment group. The transaction closed on July 10 and is valued at US$207 million.

Clarion, a New York-based investment company, had owned 50 percent of LMF Frisa Comercial, which includes nine shopping centers in Mexico.

The Mexico City-based DLA Piper team representing Clarion was led by partners Manuel Rajunov and Dania Duncan and included associates Mario Rea and Javier Zenteno.

Irwin Mitchell‘s Real Estate Team has advised  on the sale of Harman House an office refurbishment in Uxbridge to a Pramerica entity. The seller is an overseas entity advised by Mercer Real Estate Partners. The transaction is indicative of the turnaround in the west London office investment market as well as demonstrating Mercer’s expertise in refurbishment and its ability to bring tenants to the building.

The seller bought the 130,000 sq ft building in 2013 from Threadneedle Investments and it subsequently carried out a major refurbishment of the property.
 

Shoosmiths has worked with long-standing client, Scanlans Property Management, to recover more than £4m of service charges and ground rent for their clients throughout the UK over the past five years.

The move comes after Scanlans set out to further reduce service charge arrears by passing uncollected amounts to Shoosmiths achieving prompt payments and releasing funds for the upkeep of developments.

Pinsent Masons has advised Cordea Savills on the £137 million sale of its Student Hall Fund to Unite UK Student Accommodation Fund (USAF).

The deal will see the international property investment manager sell its Student Hall Fund, which comprises 2,904 bedrooms across Bath, Bristol, Birmingham, Edinburgh, Leeds and Loughborough.

Trowers & Hamlins has announce that that Stoke-on-Trent City Council and the Sapphire consortium have reached financial close on a project to build 390 extra care apartments across three sites in Stoke.  Trowers & Hamlins has advised Your Housing Group, a member of the Sapphire consortium, on this project since the consortium made its initial bid to deliver the scheme.

Trowers & Hamlins is delighted to have acted for regional housing association Adactus Housing Group in securing £25m long-term borrowing from Legal & General.  The loan to Adactus is the sixth direct investment deal by Legal & General in the social housing sector and the first of its kind in the North West.