Dundas & Wilson has acted for CALA Group Limited (CALA) as lead transaction counsel on its sale to Legal & General Group Plc (Legal & General) and Patron Capital Partners (Patron). The acquisition values CALA at £210m.
Herbert Smith Freehills has advised the Darling Harbour Live consortium on its successful bid to develop the Sydney international convention, exhibition and entertainment project, in Sydney's Darling Harbour. Herbert Smith Freehills also advised Lend Lease in relation to a commercial redevelopment (with a projected end value of approximately $1.5 billion) of the land adjoining the convention, exhibition and entertainment precinct, made possible, in large part, by the reconfiguration of the areas comprising the event facilities.
International law firm SJ Berwin is delighted to announce that its Real Estate practice has advised long standing client British Land on the sale of Ropemaker Place, London EC2 to a consortium of investors for £472 million. The consortium was represented by AXA Real Estate Investment Managers.
Frankfurt, 22 March 2013. Linklaters has advised Ivanhoé Cambridge, the real estate subsidiary of the Canadian pension fund Caisse de dépôt et placement du Québec, on the sale of a Munich office building with 32,700 m2 of leasable area. The purchaser of the six-storey property at Kistlerhofstrasse 75 in the Obersendling urban district is JP Morgan Asset Management. The anchor tenant of the real property comprising more than 500 parking spaces is IT company Tech Data, further tenants currently being two members of the Carl Zeiss group of companies.
International law firm Clifford Chance has advised on the top three transactions in the Russian real estate market to date. These include the acquisition of the Metropolis and the Galeria shopping centres by one of the largest real estate funds completed in February 2013 and February 2012 respectively and the acquisition of White Square office complex by O1 Properties completed at the end of 2012.
DLA Piper represented Fibra Inn, Mexico’s fourth publicly traded REIT, in a combined offering, valued at approximately US$318 million. The offering consisted of an initial public offering in Mexico and an international offering in the United States to qualified institutional buyers under Rule 144A under the US Securities Act and in other countries outside of Mexico and the United States to certain non-US persons pursuant to Regulation S under the US Securities Act.
Global law firm Eversheds has advised UK Regeneration (UKR) on its first acquisition for its innovative private rental model, delivering a 200 home private rental “village” in Lenton in Nottingham.
Eversheds has acted on the pilot scheme for UKR's groundbreaking nationwide private rental initiative: the acquisition of Sandfield House, a five acre site in Lenton Nottingham. The existing office buildings are to be demolished to create a new urban village of 200 high quality residential homes - specifically designed for long term rental.
DLA Piper has advised Allianz Real Estate, the real estate holding of the Allianz insurance group, on a joint venture with SES Spar European Shopping Centres, an industry leader in Austria and Slovenia in the retail and food sector. The joint venture, which is the largest European transaction in the retail sector in 2012-2013, will manage a portfolio composed of 7 shopping centres in Italy, Austria and Slovenia
Canadian real estate investment trust acquires 420 million euro office portfolio with funding from four independent banks
Nabarro has advised AXA Real Estate Investment Managers (AXA Real Estate) on the £472m acquisition of Ropemaker Place in the City of London from British Land.
Located near the new Crossrail entrance at Moorgate station, Ropemaker Place is a 20 storey, 602,000 sq ft building, providing 571,000 sq ft of prime office space with supplementary retail and ancillary accommodation. Tenants include Macquarie Bank's London HQ.