Herbert Smith Freehills has advised Leighton Properties on its sale of 567 Collins Street in Melbourne to the ASX-listed Investa Office Fund (IOF) and Investa Commercial Property Fund (ICPF) for approximately A$462 million.
Herbert Smith Freehills has advised Growthpoint Properties Australia on the disposal and settlement of its office and warehouse facility located at 134 Lillkar Road, Goulburn, New South Wales to a private investor for A$72.25 million.
The 42,826m2 facility is leased to Coles Group until February 2022. The property was purchased by Growthpoint Properties Australia in December 2009 for a total cost of A$65.5 million.
Clifford Chance advised BNP Paribas Real Estate, Düsseldorf, on the acquisition of German Property Management company Imoplan, a subsidiary of Groß & Partner Grundstückentwicklungsgesellschaft. The transaction is subject to the approval from the antitrust authorities.
Le cabinet d'avocats international Clifford Chance a conseillé AEW Europe dans le cadre de l'acquisition de la société détenant l'immeuble situé au 2-4 rue Jules Lefebvre à Paris 9ème. Cette acquisition a été effectuée par AEW Europe, auprès de Tishman Speyer, pour le compte de l'OPCI NAMI Investment.
Le 2-4 Jules Lefebvre est un immeuble d'une surface de 12.500 m² et 58 parkings loué à AXA Corporate Solutions dans le cadre d'un bail long terme.
Wragge & Co's real estate specialists have advised Intu Properties plc (Intu) on its £250 million acquisition of Midsummer Place Shopping Centre from Legal and General. A cross-firm team enabled the shopping centre owner, operator and developer to exchange contracts in just two weeks.
International law firm SJ Berwin is delighted to announce that its Real Estate practice has advised long standing client British Land on the acquisition of a portfolio of properties in London from Wereldhave for £177.45 million. The most significant asset in the portfolio is Ealing Broadway Shopping Centre which has been purchased for £142.5 million by way of share acquisition, representing a net initial yield of 6.9%.
Slaughter and May, Hong Kong, advised Swire Properties Limited on the issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 2.750% Guaranteed Notes due 2020. The Notes are issued under Swire Properties' US$3 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.
HSBC, J.P. Morgan and BAML acted as Joint Lead Managers.
Contacts
Capital Markets: Lisa Chung (partner), Jing Chen (associate), Paddy Law (associate)
Herbert Smith Freehills has advised Federation Centres, formerly Centro Retail Australia, on a co-ownership deal with property fund ISPT, which acquired a 50% interest in five retail assets for a purchase price of A$371.4 million on an average yield of 7.49% and at a premium of 2.9% above book value.
Herbert Smith Freehills has advised Lend Lease on its recent appointment to develop the AU$1 billion Waterbank Precinct urban renewal project in East Perth, Western Australia, as part of Metropolitan Redevelopment Authority’s (MRA) Riverside Project.
The deal by China Overseas Holdings to buy One Finsbury Circus comes less than two years after Invesco purchased the site from Hermes Real Estate for £141.5 million in June 2011 (27 June 2011).
SJ Berwin advised longstanding client Invesco, fielding lead partner Darren Rogers, a real estate specialist. He worked alongside corporate real estate partner Michael Goldberg, tax partner Giles Bavister, real estate associate Patrick Williams and corporate associate Barri Mendelsohn.