Global law firm Baker & McKenzie advised SOZIALBAU Group on the issuance of a secured bond through its group company WOFIN Wohnungsfinanzierungs GmbH in accordance with the Trustees Act. Erste Group Bank AG acted as the lead manager and arranger of the issuance, which was listed for trading at the Third Market of the Vienna Stock Exchange on October 7, 2013.
Hogan Lovells has advised the general partner of Trophy Property Development L.P. (the "Fund" or "Trophy Property") on a restructuring of the Fund's underlying real estate assets in China, and its internal management (the "Restructuring").
Herbert Smith Freehills has advised Boral Limited on its US$1.6 billion 50/50 plasterboard and ceilings joint venture with USG Corporation (announced 17 October 2013). The transaction combines USG’s best-in-class building products technologies and strategic assets in Asia, New Zealand and the Middle East with Boral’s leading plasterboard manufacturing and distribution footprint in Asia and Australia.
International law firm, Berwin Leighton Paisner (BLP), is advising Beijing Construction Engineering Group (BCEG) on its investment in the Manchester Airport City project, in a joint venture with local partners.
The project, which is the latest in a series of Chinese investments in the UK, will involve the development of an £800m business park next to Manchester Airport and include offices, hotels, manufacturing space, logistics and warehousing.
Building work on a new £6 million hotel in Sunderland city centre will begin in November, after solicitors from Mills & Reeve Manchester office advised developer GB Group. GB Group, which has an office in Stockport, is also the main contractor for the student accommodation at Manchester Metropolitan University’s Birley Fields development.
Latest Deal Highlights Irwin Mitchell’s Leading Legal Role In North West Real Estate. The Manchester office of national law firm Irwin Mitchell has advised Resolution Property on its £71.1m acquisition of the Great Northern Warehouse.
The 339,000-sq-ft landmark leisure complex is one of Manchester’s most recognised buildings and is home to a range of high profile tenants including a multiplex cinema, lifestyle retail brands, bars and restaurants. It also has car parking for over 1,200 vehicles.
Slaughter and May, working as a team with Uría Menéndez, advised Parque Principado, S.L. on its standstill request in respect of a EUR 113,400,000 loan advanced to it by Calyon in 2006 and on the associated consent solicitation made to the holders of notes issued by RIVOLI Pan Europe 1 plc, the CMBS structure into which the loan had been securitised, for approval of the standstill request. The standstill proposal was approved by noteholders on 15 July 2013.
Specialists from seven teams worked together to help the property development and investment company acquire the famous ITV Granada television studios, in a partnership with Manchester City Council called Manchester Quays Limited.
Members of the national law firm's real estate, planning, litigation, banking, corporate, tax, and environmental teams acted for Allied London.
Slaughter and May advised WS Atkins plc, the UK's largest design, engineering and project management consultancy, in connection with a £200 million revolving credit facility entered into between WS Atkins plc and various other members of the WS Atkins Group and a syndicate of banks for the purpose of refinancing the main revolving credit facility of the WS Atkins Group.
CONTACTS
Financing: Matthew Tobin (partner), Caroline Phillips (associate), Belinda Oddy (associate); Tax: Sara Luder (partner), Emma Game (associate)
DLA Piper advised the Austrian construction company PORR on competition law matters concerning the acquisition of two Alpine subsidiaries. The acquisition of Grund - Pfahl - und Sonderbau GmbH and Geotechnics Systems GmbH took place from the bankrupt estate of Alpine.