Clifford Chance has advised long-standing client Canary Wharf Group plc on the leasing of space at 25 Churchill Place in Canary Wharf to EY.
EY, formerly known as Ernst & Young, will be taking 200,000 square feet of office space spread over eight floors of the building on a 25 year lease.
Clifford Chance has advised the special fund, IVG Premium Green Fund (managed by IVG Institutional Funds), on the sale of the "An den Brücken" commercial property in Munich (consisting of two commercial properties) to two funds managed by Deka.
The parties have agreed not to disclose any details of the purchase price. IVG completed the building complex, which has Leed Gold / Leed Platinum status, in 2010.
Pinsent Masons has advised Beijing Jangho Curtain Wall Co., Ltd. ("Beijing Jangho") on its acquisition of 70% interests in Steve Leung Designers Limited ("SLD"), an internationally renowned interior design company with award-winning projects and headquartered in Hong Kong, for HK$350 million (equivalent to approximately £26.95 million).
rwin Mitchell’s real estate team has advised key client Gazeley on the purchase of a 281,000 sq ft distribution warehouse at Wakefield Europort, West Yorkshire’s premier distribution park for around £11m.
The building, which will be known as G. Park Wakefield Europort, is the largest logistics warehouse currently available on the site and is immediately adjacent to the M62 motorway. The unit is currently being refurbished with completion expected in April 2014.
Invesco Real Estate (IRE) has acquired the Prager Carrée housing project in Dresden from Revitalis Real Estate AG. The 6–7-storey Quartier Prager Carrée occupies a prime location in Dresden city centre, directly on Wiener Platz and at the southern end of Prager Straße. It comprises some 32,000 square metres of floor space. The plans include several buildings with a total of 241 apartments, plus retail and commercial space covering around 5,900 square metres, spread over several levels.
Listed construction group HOCHTIEF AG of Essen, Germany has sold its 50% stake in property company Aurelis Real Estate GmbH & Co. KG to a consortium of investors led by the current co-owner, New York-based private equity firm Redwood Grove International Partners LLP. The purchase price was not disclosed.
CMS Hasche Sigle advised HOCHTIEF on all legal aspects of the transaction. Due to the substantial size of the real estate portfolio, a particularly large team from across Germany was deployed, led by Dr Malte Bruhns.
City law firm Speechly Bircham has been selected by Pocket to advise on its 10 year, multi-million pound plan to transform inner London living for the intermediate market.
Following a landmark pledge from the Mayor of London, Pocket's plan for the intermediate market - those who earn too much to be eligible for social housing but are priced out of the open market - is forging ahead.
A Hogan Lovells Corporate team advised Kite Realty Group Trust (KRG) on its proposed merger with Inland Diversified Real Estate Trust, Inc. (Inland Diversified). Under the terms of the merger agreement, Inland Diversified will merge into a wholly owned subsidiary of KRG in a stock-for-stock transaction valued at approximately US$2.1 billion.
Osborne Clarke has advised Millgate on its merger with Brentwood-headquartered Countryside. The Osborne Clarke team was led by Head of Markets at Osborne Clarke, Partner Greg Leyshon who was assisted by Associate Director Rebecca Clarke and Senior Associate Vicky Dudding.
David Simpson, MD of Millgate comments:
We have acted for existing client O&H Properties Ltd on the sale of a development site in Peterborough to Urban Self-build for the delivery of 11 custom build houses.
This is one of the first schemes to be funded via the Custom Build Homes Fund administered by the Homes & Communities Agency (HCA) and the first to utilise mainstream housing land as part of a larger development, rather than a simple small scale infill site. The Hempsted Green site is located at Hampton in Peterborough.