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Real Estate & Construction

Herbert Smith Freehills and Hogan Lovells advise on £320m St.James's market joint venture between Oxford properties and the Crown Estate

03 Jun 2013

Herbert Smith Freehills and Hogan Lovells have advised on the formation of a £320m joint venture to develop two blocks in St James's, London W1: 52-56 Haymarket and 14-22 Lower Regent Street, which form the commercial element of the landmark St James’s Market scheme.

Oxford Properties, the real estate subsidiary of the Ontario Municipal Employee Retirement System (OMERS), was advised by Herbert Smith Freehills. Hogan Lovells advised The Crown Estate.

Dentons represents Orco Property Group on joint venture with Unibail-Rodamco

30 May 2013

Dentons’ real estate group in Europe has advised the Orco Property Group (Orco) on the formation of a joint venture with Unibail-Rodamco to develop a prime shopping center in the Bubny area in Prague, in the Czech Republic.

Orco sold a plot of 3.6 hectares to the joint venture in April this year. The parties will now focus on the development of the project with the aim being to start construction by 2016.

Clifford Chance advised Allianz on a joint venture for its first participation in a Polish shopping centre

28 May 2013

Clifford Chance assisted Allianz Real Estate Germany GmbH, Frankfurt am Main/Stuttgart, on the first investment Allianz made in a shopping centre in Poland. Lawyers from Clifford Chance offices in Frankfurt, Dusseldorf, Warsaw and Amsterdam advised on the structure of the joint venture and the related contracts.

Nabarro advises GPE on major law firm pre-let at New Fetter Lane

24 May 2013

Nabarro has acted for Great Portland Estates (GPE) on one of the developer and investor's most significant ever pre-lets. Bird & Bird has agreed to lease more than 140,000 sq ft at 12/14 New Fetter Lane which will become the law firm's new London HQ.

As part of the deal, GPE restructured their interest at New Fetter Lane. This site is now held on a 154 year lease from the City Corporation. GPE will commence demolition of the existing buildings this summer with practical completion scheduled for late 2015.

SJ Berwin Advises British Land and Oxford Properties Joint Venture on the Letting of The Leadenhall Building to Insurance Giant Amlin Plc

23 May 2013

International law firm SJ Berwin has advised long standing client British Land and its joint venture partner Oxford Properties on the further letting of The Leadenhall Building to Amlin Plc.

The agreement for lease with Amlin is in respect of 111,000 sq ft of space on levels 18 -24 and level 45 of the 47-storey building with options to take up further space totalling up to 36,760 sq ft. Up until September 2013 Amlin also has the option to choose not to take up a lease on level 18, which would reduce the base take to 95,000 sq ft.

DLA Piper Weiss-Tessbach advises Porr on capital increase

23 May 2013

DLA Piper has advised the construction company A. Porr AG on its public capital increase.

The 287.698 new shares were issued and publicly offered for a subscription and offer price of EUR 72.00 per new share. A capital market prospectus has been created for the public offer and the listing.

The initial pricing of the new shares on the Vienna Stock Exchange took place on May 17, 2013. The subscription agent was Raiffeisen Centrobank AG.

Dentons leads on debut Immofinanz WSE listing

21 May 2013

Dentons’ Capital Markets team in Warsaw has led on the recent debut listing of Immofinanz, the largest Austrian real estate company, on the Warsaw Stock Exchange. The shares will be listed on the WIG Index starting on June 21, 2013. Immofinanz Group’s core markets include Russia, Poland, Romania, the Czech Republic, Slovakia and Hungary.

The Dentons team was led by Partner Marcin Bartczak and included Capital Markets specialists Inga Dulska and Artur Cieslik.

Swire Properties - annual update of the US$3 billion Medium Term Note programme of its subsidiary

21 May 2013

Slaughter and May, Hong Kong, advised Swire Properties Limited on the annual update of the US$3 billion Medium Term Note Programme of Swire Properties MTN Financing Limited, a wholly-owned subsidiary of Swire Properties Limited. Notes issued under the programme are unconditionally and irrevocably guaranteed by Swire Properties Limited and may be listed on the Hong Kong Stock Exchange.

HSBC and Standard Chartered are the joint arrangers under the programme.

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