UD Europe - acquisition of the freehold interest in 265 The Strand
Slaughter and May advised UD Europe Limited, a subsidiary of NTT Urban Development Corporation, on the acquisition of the freehold interest in 265 The Strand, London, WC2.
Slaughter and May advised UD Europe Limited, a subsidiary of NTT Urban Development Corporation, on the acquisition of the freehold interest in 265 The Strand, London, WC2.
Trowers & Hamlins has advised One Housing Group on the first Islamic financing into the social housing sector, as one of the Group's development subsidiaries obtained £20m of development finance under a master murabaha agreement with Bank of London and the Middle East plc.
The firm advised on all aspects of the project, including providing governance advice to the group parent, One Housing Group, and property charging, development & construction advice to the development subsidiaries alongside the finance and security work.
Wragge & Co's corporate specialists have advised Sanctuary Housing Association on its acquisition of Cosmopolitan Housing Group (CHG). A team led by corporate partner Peter Smith advised on the deal, which brings an additional 13,500 homes under the Sanctuary Group umbrella, taking its total housing stock up to 94,000. The acquisition was supported by social housing regulator the Homes and Communities Agency.
International law firm Berwin Leighton Paisner (BLP) advised Resolution Property on the sale of West End premises to Hong Kong-based investor, Peterson Group.
The 80,000 sq ft property at 111-125 Oxford Street and 180 Wardour Street is Peterson Group’s first UK investment, having previously made acquisitions in the Far East and Canada. The site acquired by Peterson Group has consent for office and retail space and Resolution has been retained to manage the development.
Hogan Lovells has advised Ivanhoé Cambridge in relation to the sale of a portfolio of four hotels located in the center of Paris to a joint-venture made up of a real estate fund managed by Morgan Stanley Real Estate Investing and its operational partner Paris Inn Group. These four hotels offer a total capacity of more than 600 rooms.
Wragge & Co's real estate experts have advised regeneration specialist St. Modwen Developments on a £450 million science and innovation campus development project at Swansea University.
St. Modwen is to work with Swansea University as development partner on the first phase of the project. The 700,000 sq ft development will include 430,000 sq ft of academic space, 899 student apartments and associated retail space.
The Colonial First State managed Direct Property Investment Fund (DPIF) and DEXUS completed the sale of $503.7 million of Sydney based office assets on 28 February 2013, through the sale of direct interests in land and units in land holding trusts. Contracts for the deal were exchanged 21 December 2012.
Linklaters has advised Intu Properties plc, the UK’s leading shopping centre owner, on a £1.3bn multi-source refinancing. The proceeds, together with other available funds were used to refinance four of Intu’s flagship assets, including the Lakeside shopping centre.
Herbert Smith Freehills has advised Growthpoint Properties Australia (Growthpoint) on its acquisition of three adjoining property assets, including a pharmaceutical warehouse, office and warehouse, and truck facility, in Erskine Park, New South Wales.
Slaughter and May is advising Costain Group PLC ('Costain') on its recommended all-share merger with May Gurney Integrated Services plc ('May Gurney'). The merger will bring together two businesses with complementary service offerings to create one of the UK's leading integrated services providers to the rail, highways, water, waste, airports, hydrocarbons, power, nuclear, local government and fleet management sectors.