Addleshaw Goddard Corporate Partner Richard Lee, supported by Corporate Managing Associate Simon Wood and a team from the firm's Corporate, Banking, Tax and Share Schemes departments, is advising Cheshire-based construction and property investment / development group, Pochin's, on the proposed takeover of the company, which was announced on 12 June.
Herbert Smith Freehills has advised UGL Limited (UGL) on the sale of its global property services business, DTZ, to a consortium comprising TPG Asia, Inc, PAG Asia Capital and Ontario Teachers’ Pension Plan (together TPG and Partners) at an enterprise value of A$1.215 billion, announced today.
London—The Secretary of State has granted permission for the £50 million, 465,000 sq ft retail and leisure redevelopment of Rushden Lakes in Northampton. Dentons acted for LXB throughout the process, including the 12 day Call In Inquiry held last year in response to demands for the Government to step to a refuse permission by 3 local authorities and several institutional landowners.
Iain McLean and Paul Mason from DWF’s Real Estate team, advised London-based regeneration and development company, Squarestone, on a multi-million pound deal to give Ayr town centre a new lease of life after administrators, Begbies Traynor, sold its two shopping centres. Kyle Shopping Centre and Arran Mall went into administration in June 2013 after suffering a drop in footfall. Squarestone plans to turn the site into a "vibrant community hub".
Global law firm White & Case LLP has advised listed real estate investment company Icade on the 12.5-year lease agreement with auditory and consultancy firm KPMG for 40,468 square metres of office space in the EQHO tower, La Défense.
The lease will come into effect on April 1, 2015 upon completion of installation works by KPMG.
The White & Case team in Paris which advised Icade was led by partner Brice Engel with support from associate Louise Duvernois.
Dentons Prague real estate team has advised Avestus Capital Partners (Avestus), a leading international private equity real estate group, on the sale of the Four Seasons Hotel in Prague to Northwood Investors (Northwood). Avestus has been the asset manager of the hotel since 2001 and is being retained in this role by Northwood.
Four Seasons is a luxury, 5 star hotel located in the city’s Old Town, close to Prague Castle and the Charles Bridge. It unites the styles of four architectural periods - baroque, classical and renaissance, all interconnected by a modern building.
Orrick is advising Metrovacesa SA on the sale of its 26.74 percent stake in the French real estate investment trust Gecina SA for 1.55 billion euros (US$2.11 billion) to a group of investors, which include Norges Bank, Credit Agricole Assurances, Blackstone and Ivanhoe Cambridge.
The transaction is expected to be completed by the end of September and is subject to the fulfillment of certain conditions precedent in relation to the financial restructuring of Metrovacesa SA.
The Secretary of State granted planning permission for the redevelopment of the Shell Centre on London's South Bank following a 12 day public inquiry held at the end of last year. Agreeing with the Inspector's recommendations, the Secretary of State noted that the "architecture of the proposed development would be varied but consistently high quality; and that the proposed development would enhance its surroundings and the character of the South Bank".
DAC Beachcroft has advised Metnor Construction Limited on the design and build of a major new Hampton by Hilton hotel in the centre of Newcastle.
The project will see the conversion and redevelopment of an existing eight-storey office and retail space on Neville Street into a 160-bedroom luxury hotel for the global hospitality company.
The deal marks DAC Beachcroft's most significant instruction to date for Metnor Construction, the lead contractor at the site, which is at the heart of a programme of major redevelopment in Newcastle.
Norton Rose Fulbright has advised Quintain Estates and Development plc (Quintain) on the sale of its interest in iQ - a student accommodation portfolio.
Quintain, the London investment and development specialist, disposed of its 50 per cent interest in the iQ student accommodation joint venture to its partner, Wellcome Trust, for £106.4 million.
iQ owns over 5000 student bedrooms and is one of the UK’s largest and most successful operators in this sector. Quintain will continue to provide certain services to iQ for a transitional period.