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Real Estate & Construction

Greenberg Traurig advises Swiss Life Asset Managers on the acquisition of "Laetitia" portfolio for the new BEOS Corporate Real Estate Fund Germany IV (CREFG IV)

10 Nov 2018

Greenberg Traurig has advised Swiss Life Kapitalverwaltungsgesellschaft mbH (Swiss Life KVG), in cooperation with BEOS AG, on the purchase of "Laetitia" portfolio consisting of 32 commercial properties at locations throughout Germany. The properties form the seed portfolio of the new open-ended real estate specialty AIF's CREFG IV, which is managed by BEOS AG. The seller of the portfolio is Aurelis Real Estate. The parties have agreed not to disclose the purchase price.

Greenberg Traurig Advised Generali Real Estate on the Acquisition of an Office Building in Warsaw

10 Nov 2018

Lawyers from the Greenberg Traurig Warsaw office advised Generali Real Estate in connection with the acquisition of an office building in Warsaw from S+B Gruppe.

The Greenberg Traurig transaction team was led by Partner Radomil Charzynski, supported by Senior Associates: Anna Wisniewska and Adam Narloch along with Associates: Filip Widuch and Maxymilian Rybczynski.

The transaction was executed as a share deal. The office building located at Senatorska 18, within the Plac Teatralny area, offers over 17 000 sqm of office space.

Warburg-HIH Invest acquires freight halls in Altona from Aurelis with assistance from Heuking Kühn Lüer Wojtek

10 Nov 2018

Warburg-HIH Invest Real Estate (Warburg-HIH Invest) acquired the “Güterhallen” freight halls in Altona from Aurelis Real Estate. A team led by Dr. Sönke Görgens, Partner at Heuking Kühn Lüer Wojtek’s Hamburg office, advised the investment manager on the acquisition. The freight halls with an area of some 15,846 square meters are part of Hamburg’s “Mitte Altona” district development and are to be incorporated into an individual fund. The parties agreed not to disclose the purchase price.

Ashurst advises Tritax EuroBox on the acquisition of a logistics center in Peine

10 Nov 2018

Ashurst advised the UK-based logistics investor Tritax EuroBox plc on the acquisition of a new distribution center in Peine, near Hannover, by way of an asset and share deal. The property is Tritax' first acquisition in Germany. The purchase price was €81.6m. Seller is the project developer Dietz AG, who will keep a smaller stake in the object. Dietz acted as the asset manager for Tritax on this off-market-deal.

Clifford Chance advises Dietz AG on the sale of a distribution center in Peine

10 Nov 2018

International law firm Clifford Chance has advised the project developer Dietz AG on the sale of a new distribution center in Peine for €81.6 million. The buyer was the UK-based logistics investor Tritax EuroBox plc, which acquired its first property in Germany by way of a share deal. Within the framework of the off-market transaction, Dietz AG acted as asset manager for Tritax EuroBox plc and will keep a smaller stake in the property.

Clyde & Co advises Grainger on acquisition of 108 build to rent homes in Tottenham Hale

10 Nov 2018

Global law firm Clyde & Co has advised Grainger, the UK’s largest listed residential landlord, on its acquisition of a 108 home PRS development (‘build to rent’) in Tottenham Hale, North London for approximately £41m.

The developer is Waterside Places, a Joint Venture between national development and urban regeneration specialists, Muse Developments, and the Canal & River Trust. It will develop the site and McLaren will construct the scheme, which is the first phase of a wider development that will provide over 500 canalside homes.

Nupqu Development Corporation and ?aqam Community Enterprises acquire traffic control company

10 Nov 2018

On Nov. 8, 2018, ?aqam Community Enterprises (ACE) and Nupqu Development Corporation purchased D&B Flagging and Traffic Control Ltd.

ACE is the development corporation for the ?aqam community. Nupqu is the development corporation for the Ktunaxa Nation of which ?aqam is one of four communities.

D&B is a full service traffic control and flagging company, serving southeastern British Columbia and Alberta, that has a fleet of modern trucks, safety equipment, signage, radios and pilot vehicles.

Linklaters advises as Qatari firm buys London’s Grosvenor House Hotel

10 Nov 2018

Linklaters has advised Katara Hospitality, a leading global hotel owner, developer and operator based in Qatar, on the acquisition of the Grosvenor House Hotel on Park Lane, London. Katara is owned by the Qatar Investment Authority (QIA).The hotel is leased to Marriott Hotels.
 
The Linklaters team was led by Real Estate and Hospitality partner Simon Price assisted by Matthew Plaskow in corporate, Kathryn Griffiths and Tom Farrar in real estate and included Banking partner Mark O’Neill and associate Yetunde Adegboyega. Ward Yates provided Jersey law advice.

Linklaters advises as European Banking Authority to move HQ to Paris

10 Nov 2018

Linklaters has advised at the European Banking Authority (EBA) is moving its headquarters to Cegereal’s Europlaza tower in the La Defense district in Paris. The EBA is expected to take possession of the premises in April 2019 for a period of nine years.

The EBA will move its 160 staff from its current base in London’s Canary Wharf.
Marc Perrone, Head of Financial Regulation at Linklaters in Paris, says: