Wragge & Co's real estate experts have advised be:here, a new company created by property developer Willmott Dixon, on a residential development at the Aberfeldy estate in east London. The deal is the company's first since being launched last month to focus on providing homes for the private rental sector.
National business law firm, DWF, has advised Peakside Capital (“Peakside” / the “Company”), a specialist European real estate private equity firm, on the sale of 80 Hammersmith, a 41,548 sq ft redeveloped Grade A office building in Hammersmith, West London to Britannia Invest A/S for in excess of £20 million.
Trowers & Hamlins has advised housing association Poplar HARCA on a deal with Willmott Dixon’s be:here company that will see the development of 233 homes in the London Borough of Towers Hamlets as part of the regeneration of the Aberfeldy estate.
International law firm Trowers & Hamlins has advised Tilal Development Company S.A.O.C. (Tilal) on the first-ever corporate sukuk issue in Oman. The sukuk received regulatory approval from Oman's Capital Market Authority on 26 June 2013, and the private placement for the five-year RO50m (£85m) sukuk is on track to close in July.
Allen & Overy has advised GAGFAH, the second-largest German multi-family property company, on the refinancing and securitisation by way of CMBS (Commercial Mortgage-backed Securities).
The proceeds of the new CMBS (German Residential Funding 2013-1 Limited) with a volume of EUR 2.061 bn were applied to refinance a loan that was securitised in 2006 and secured by GAGFAH’s GRF portfolio comprising approx. 61,600 residential and 469 commercial units.
Herbert Smith Freehills has advised Lend Lease Singapore on the successful launch of the Lend Lease JEM Partners Fund. The fund has been established to acquire Lend Lease’s 25% equity interest in JEM, a significant retail and office asset in Singapore which opened for trading on Saturday. Herbert Smith Freehills also advised on the sale of the asset to the fund for around S$227 million (approx. A$189 million).
Dentons’ real estate group in Europe has advised Atrium Real Estate on their purchase of the Galeria Dominikañska shopping center in the Polish city of Wroclaw with an approximate asset value of €152 million.
Atrium, a leading investor-developer of prime CEE retail space, acquired the Galeria Dominikañska, which is the leading shopping center in Wroclaw, Poland’s fourth-largest city and capital of the Silesia region. ECE group will remain the property and leasing manager for the center.
Lawrence Graham LLP has acted for QSH (Quality Social Housing Management Limited) on the establishment of QSH and the investment into QSH by Wates Living Space, part of the Wates Group. QSH has been set up to arrange and manage investments into social and affordable housing.
Addleshaw Goddard has acted for Green Property Ventures, a property development and investment company, on the sale of Nine One Elms in Vauxhall to Dalian Wanda Group.
Dalian Wanda Group plans to develop the site into two towers for residential, office and retail use. The towers will be 45 and 60 storeys high and will be connected by a high level bridge. On completion the development will be one of Western Europe's tallest residential schemes and worth more than £700 million.
Speechly Bircham has announced that it has acted for Derwent London on the pre-let agreements for two of its current central London office developments to leading communications group, Publicis Groupe.