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Real Estate & Construction

Trowers & Hamlins acts for One Housing Group in £20m Islamic deal with BLME

04 Apr 2013

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 advises Sanctuary on its acquisition of Cosmopolitan Housing Group

04 Apr 2013

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.

BLP advises on £120m forward-funding for West End development

04 Apr 2013

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 advises Ivanhoé Cambridge on the sale of a portfolio of four hotels in Paris

04 Apr 2013

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 advises St. Modwen on £450 million science and innovation campus

03 Apr 2013

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.

Costain - recommended all-share merger with May Gurney

26 Mar 2013

 

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.