HONG KONG, 08 May 2013 - Hogan Lovells has advised Top Spring International Holdings Limited ("Top Spring") on its disposal of interests in Top Spring Taihu Bay to Jian Hong Holdings Limited ("Jian Hong") for US$88.3 million.
The disposal includes Top Spring Taihu Bay's entire equity interest in Changzhou Taihu Bay, a limited liability company established in the PRC.
International law firm Freshfields Bruckhaus Deringer has advised HOCHTIEF Aktiengesellschaft, one of the world's leading construction groups, on the sale of all shares in HOCHTIEF AirPort GmbH to the Public Sector Pension Investment Board, Canada (PSP Investments).
HOCHTIEF AirPort is one of the leading airport investors and managers in the world and holds stakes in the airports of Athens, Budapest, Düsseldorf, Hamburg, Sydney and Tirana. Combined, these airports handle approximately 95 million passengers annually.
Clifford Chance advised the servicing and real estate advisor Hatfield Philips International Limited ("HPI"), London, in its capacity as a special servicer, on restructuring and refinancing a securitised real estate loan of around EUR 168 million (original volume). The loan granted to Griffin Rhein-Ruhr GmbH & Co. KG (formerly Vivacon Rhein Ruhr Portfolio I. GmbH & Co. KG) ("Griffin KG") by Credit Suisse International (formerly Credit Suisse First Boston International) ("CSI") in 2005 served to finance a real estate portfolio in Germany.
Global legal practice Squire Sanders has advised listed residential property company, Deutsche Wohnen AG, on the acquisition of a real estate portfolio of approximately 6,900 units in Berlin from Luxembourg affiliates of Blackstone Real Estate Partners Europe III. The purchase price for the acquisition consists of €260 million in cash and 8,150,000 new shares, which will result in the Blackstone Funds becoming a 5% shareholder in Deutsche Wohnen. The acquisition will complete following merger clearance and registration of the capital increase with the commercial register.
Addleshaw Goddard's Real Estate team in Manchester has advised Omega Warrington Limited (OWL) on all recent occupancies at the pivotal Omega North scheme.
The team, comprising of real estate partners Nathan Jansen and Mark Haywood, acted for OWL to secure three major anchors – builder's merchant Travis Perkins, food group Brakes and consumer delivery specialist Hermes – and key funding for the £1bn mixed-use development in Warrington.
Ashurst advised Oxford Properties on its acquisition of King Edward Court, 10 Paternoster Square, London, EC4, the real estate arm of the OMERS Worldwide Group of companies, for £235 million reflecting an initial yield of 5.3%.
King Edward Court, the 246,000 sq ft headquarters of the London Stock Exchange was designed by Eric Parry Architects and Sheppard Robson and was completed in 2003 as part of the Japanese developer's landmark Paternoster Square development surrounding St Paul's Cathedral.
Olswang advised long-standing client F&C REIT in a transaction to acquire the Dollar shopping centre portfolio in a club deal from the Grosvenor Estate for a total consideration of approximately £250 million.
With a £7 billion worth global portfolio of properties under management, F&C REIT now adds the 1.1m sq ft high-quality retail portfolio to its assets, with shopping centres in Burton (Coopers Square), Grimsby (Freshney Place) and Inverness (The Eastgate Centre).
Ashurst has advised BAM PPP on the design, construction, operation and financing of the N11 Arklow to Rathnew PPP Project in Ireland, which closed today. The overall capital value of the project is approximately €282 million. An availability based project, the project financing includes circa €160 million of bank debt which will be provided by senior lenders European Investment Bank and the Bank of Ireland, with a maximum maturity of 25 years, and investment from BAM PPP PGGM Infrastructure Cooperatie UA.
* Largest and most complex “Public Land Initiative” deal in London
* New type of deal using public land to unlock house building
"Heart of East Greenwich … is a landmark regeneration scheme, as part of a determined effort we are making… to bring forward public land for development." Boris Johnson
RPC, the City law firm, has advised Hadley Mace on the completion of a ground-breaking £225M “Public Land Initiative” deal to develop 645 residential units in East Greenwich.
The Manchester office of law firm, Irwin Mitchell, has advised Landmark Investments Group on a deal which sees the Bolton-based business purchase the ground rents for more than 600 properties across Salford.
Acquired from regeneration specialist, LPC Living, the portfolio consists of a number of sites including Hulton Square and Radclyffe Park.