Linklaters has acted for a consortium including Allianz Real Estate and ECE in the EUR 412m acquisition of Silesia City Center, one of Poland’s largest shopping malls located in Katowice. It is the largest real estate M&A deal in Poland and the whole CEE region since the beginning of 2013.
Clifford Chance advised Europa Capital, London, on the sale of the shopping centre Forum Steglitz at Berlin Schloßstraße. The property was purchased by the fund BGV V which in turn was managed by Real I.S., Munich.
The commercial property comprising 32,000 square meters is almost fully let. The lessees are inter alia H&M, Innova, Lidl, Rossmann and Schuhhaus Reno.
International law firm Pinsent Masons has advised property investment company Redefine International on its dual-listing on the Johannesburg Stock Exchange (JSE).
A London Stock Exchange (LSE) listed company, Redefine will become dual-listed in London and Johannesburg which is expected to complete on 28 October.
The secondary listing comes as Redefine intends, as previously announced, to convert to a UK Real Estate Investment Trust (REIT) following the amendment of the rules earlier in the year for conversion of real estate investment vehicles.
Irwin Mitchell Advise ITV On Deal Expected To Lead To Entire Quay Street Site Being Redeveloped. The redevelopment of the 13.5 acre site in Manchester city centre which was home to ITV Granada for almost 60 years, has taken a major step forward following the completion of a landmark deal between ITV and a joint venture involving Manchester City Council and Allied London.
Real estate experts at Burges Salmon have helped St. Modwen complete two deals, which include the second phase of development at the £35 million Castledown Business Park scheme in Wiltshire and the sale and entry into a Development Agreement with Gardiner Bros at Quedgeley West Business Park in Gloucester.
Having advised iii-investments, Munich (Germany), on its entry into the Asian real estate market, Clifford Chance now assisted iii-investments in acquiring four properties in central Tokyo. The investor is a German pension fund which has meanwhile invested more than EUR 100 million in the Asian real estate market (including the money it invested for the first deal).
SJ Berwin continues to advise longstanding client, British Land, one of the largest property development and investment companies in the United Kingdom, on a series of successful lettings as part of the ongoing regeneration of the Broadgate Estate.
Broadgate is a 30 acre fully managed estate in the heart of London's Square Mile, owned by British Land in a 50:50 joint venture with the Blackstone Group. The estate includes 16 separate buildings covering 4.0 million sq ft with a further 700,000 sq ft under development.
Shearman & Sterling represented alstria office REIT-AG, the leading German office Real Estate Investment Trust (REIT), on the successful refinancing of its syndicated loan in the amount of €544 million. The early refinancing significantly improves the overall debt maturity profile of alstria and leads to a substantial reduction in financing charges.
The new loan was arranged by UniCredit Bank AG and underwritten by UniCredit Bank AG, Berlin-Hannoversche Hypothekenbank AG, HSH Nordbank AG and Helaba Landesbank Hessen-Thüringen.
Jones Day successfully obtained summary judgment on behalf of the client in a breach of contract and injunction action brought by the purchasers of a piece of commercial property. In August 2011, two plaintiffs filed suit against a landlord after she attempted to foreclose on the property. That lawsuit resulted in a settlement agreement, which the plaintiffs later claimed the landlord had breached. The alleged breach resulted in a new lawsuit in which Jones Day was called upon to help.
DLA Piper and Nabarro have acted on a £150 million senior debt portfolio financing by Cornerstone Real Estate Advisers with investor and developer UK & European Investments. The portfolio consists of six properties in central London and the south east.