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Real Estate & Construction

Norton Rose Fulbright advises KKR on the sale of a portfolio of around 30 assets

19 Nov 2018

Global law firm Norton Rose Fulbright has advised KKR, one of the largest US investment funds in the world, on the sale of around 30 assets representing a surface area of just over 86,000m² – comprising offices and telephone centers, mainly occupied by the Orange group –, to private clients grouped into a “real estate club deal” by Eternam, the real estate subsidiary of the Cyrus group. The transaction, completed on October 25, 2018, involved an amount in excess of EUR 100m.

Wolf Theiss assists Revetas in the Acquisition of Project Marina in Romania

16 Nov 2018

Wolf Theiss assisted funds advised by Revetas Capital Advisors LLP ("Revetas"), a real estate investment advisor focussed on the CEE market, in the acquisition of the Landmark ("Project Marina"), a 23,500 GLA premium office complex located in Bucharest's Central Business District.

The transaction was closed end of October 2018 in Bucharest, with Revetas successfully acquiring the shares in the company which owns the office complex composed of 3 office buildings.

Ashurst advises Blackstone on A$1.1 billion sale of Ixom

16 Nov 2018

International law firm Ashurst has advised Blackstone and the management shareholders on the sale of 100% of the shares in Ixom to Keppel Infrastructure Trust ('KIT'). Completion of the transaction is conditional on FIRB and OIO approval, as well as approval from KIT's unitholders.

The transaction marks the Blackstone private equity team's first disposal in Australia.

Clifford Chance advises Godewind and ERWE on the acquisition of Frankfurt Airport Center for around EUR 168 million

16 Nov 2018

Clifford Chance advised Godewind Immobilien AG (Godewind) and ERWE Immobilien AG (ERWE) on their respective acquisitions of 89.9% and 10.1% of the Frankfurt Airport Center (FAC) office complex under a share deal for around EUR 168 million. The property is being sold by Peakside Capital and Madison International Realty. The transaction is due to be completed by the end of the year.

Freeths advises Omar Group on acquisition of UK Sundecks

15 Nov 2018

The Corporate team at Freeths has advised Rutland Partners-backed Omar Group on its acquisition of family-owned UK Sundecks.

Suffolk-based Omar Group is the UK’s leading manufacturer of park homes and luxury lodges. The acquisition will complement Omar’s existing services by adding an even more comprehensive offering, including PVCu decking, skirting and steps.

Hogan Lovells advises Grainger plc on its £345 million Rights Issue to fund the £396 million Acquisition of GRIP REIT plc

15 Nov 2018

Hogan Lovells has advised Grainger, the UK's largest listed residential landlord, on its acquisition of GRIP – the residential property joint venture between Grainger and APG.

Grainger will acquire APG's 75% stake in GRIP from APG for £396 million, subject to shareholder approval.

The team, led by London Corporate Partners Jonathan Baird and Dan Simons at Hogan Lovells advised Grainger on both the acquisition and the rights issue.

DLA Piper advises Aradei Capital on the issuance of a MAD 600 million secured bond

13 Nov 2018

DLA Piper has advised Aradei Capital S.A. (Aradei) with the issuance of a secured bond in a public offering of MAD600 million in five tranches.

Aradei is the real estate investment company of Label'Vie. It specializes in retail in Morocco and works in partnership with the French group Carrefour. The operation will enable Aradei to diversify its external financing, to have an additional leverage ratio at an optimized cost and to finance its investment program over the coming years.

Gowling WLG advises Avison Young on definitive agreement to acquire GVA in transformational deal

12 Nov 2018

Gowling WLG has advised Avison Young on its definitive agreement with Apleona Group GmbH (“Apleona”), a portfolio company owned by global private-equity firm EQT, to acquire GVA, a subsidiary of Apleona and one of the UK's leading and most diverse real estate advisory-led businesses.

Patrimonium Private Equity sells CCS Group

10 Nov 2018

A cross border team of lawyers from leading global law firm Baker McKenzie advised independent Swiss alternative asset management company Patrimonium on its sale of CCS Group to GPV. The transaction is expected to close before the end of 2018.

Once completed, two firms will form one of the largest EMS companies in Europe with revenues of around EUR 350 million and 3,700 employees, and production facilities in Asia, Europe and the Americas.

Consus Real Estate Acquires SSE Group to Strengthen its Position as Germany's Largest Property Developer

10 Nov 2018

Leading Global Law Firm Baker McKenzie has advised the majority shareholders in their sale of  93.4 percent of SSN Group AG to stock exchange listed Consus Real Estate AG in a deal valuing SSN at an implied enterprise value of c. 1.1 billion euros. The transaction is expected to be completed within the fourth quarter of 2018.