Our projects team has advised Aviva Commercial Finance on all aspects of its latest student accommodation project at the University of York. The project reached financial close on 23 July. Aviva provided £28.5 million senior debt to Student Accommodation Provision Three LLP, a joint venture between Evans Property Group and the University of York, who will be building and developing a third college for the University at its Heslington East campus.

Sydney: Leading international law firm Clifford Chance has advised Australia's Toga Group on the A$183 million acquisition of five Australian hotels.

Toga acquired the hotels in Adelaide, Brisbane, Darwin and Sydney through its 50:50 international joint venture in hotel management and ownership with Singapore's Far East Orchard Limited.

Davis Polk advised Poly Real Estate Finance Ltd, a wholly owned subsidiary of Poly Real Estate Group Co., Ltd. (Poly Real Estate), in connection with its Regulation S offering of US$500 million 4.5% guaranteed bonds due 2018. The bonds were guaranteed by Poly Real Estate’s wholly owned subsidiary Hengli (Hong Kong) Real Estate Limited. The bonds were supported by a keepwell deed and an equity purchase undertaking from Poly Real Estate, and a keepwell deed from China Poly Group Corporation, the parent company of Poly Real Estate.

Baker & McKenzie Diwok Hermann Petsche advised Bruneckerstraße Ost GmbH, a PEMA Group company, on the issue of a EUR 52.8 million secured corporate bond pursuant to the Austrian Curator Act. Erste Group Bank AG acted as lead manager and structurer of the bond issue. The secured bond issue was rated by Credit Reform with an "A +" rating.

A planning team from the Birmingham office of global law firm Squire Sanders recently acted for Bloor Homes and Hallam Land Management in overturning a legal challenge relating to planning permission for an 800-home development worth £200 million at Shottery, near Stratford-upon-Avon.

Global law firm Eversheds has advised property investment and development company SEGRO on the sale of its IQ Winnersh development in the UK for £245.1m. The site was sold to a joint venture between Oaktree Capital Mangement LP and Patrizia AG.

IQ Winnersh is a 118,200 sq m mixed use suburban office and light industrial business park which has been developed over the past 40 years, predominantly by SEGRO.

Wragge & Co's Real Estate group has completed its first deal for new client Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR), one of the leading global investment firms. It acted for entities advised by or affiliated with KKR, including KKR Financial Holdings LLC (NYSE: KFN), on a 430,000 sq ft retail park portfolio acquisition from investment firm Resolution Property for an undisclosed sum.

Partner John Burns and a cross-firm team advised KKR on the deal, which is the organisation's first real estate acquisition in Europe.

Ashurst advised pbb Deutsche Pfandbriefbank on refinancing two real estate portfolios owned by subsidiaries of Deutsche Annington SE. The portfolios known as "Roosevelt" and "Wilson", consisting of c. 6,400 units, are part of a total of 18 sub-portfolios known as Deutsche Annington's "Grand" portfolio. pbb Deutsche Pfandbriefbank is providing Roosevelt and Wilson with €280 million in total.

A Florida bankruptcy judge on Thursday confirmed the Chapter 11 liquidation plan for Tousa Inc. despite objections from the U.S. trustee, ending the beleaguered homebuilder's protracted, five-year stay in bankruptcy.

U.S. Bankruptcy Judge John K. Olson confirmed the plan over concerns by the U.S. Trustee's Office regarding third-party releases, the process for fee request applications and the fate of undistributed funds.

“People negotiated this plan painfully,” Judge Olson said. “This is an integrated document.”

Herbert Smith Freehills has advised Investa Land on two major industrial deals in Queensland, Swanbank Enterprise Park in Ipswich and New Base Business Park in Brendale.

Swanbank Enterprise Park, comprises approximately 500 hectares of industrial land, and will be the largest industrial estate in South East Queensland.

New Base Business Park comprises approximately 85 hectares of industrial land and will be the largest industrial estate in Brendale.