Ashurst advised Corpus Sireo Asset Management Commercial GmbH (Corpus Sireo) on taking on the asset management for nearly the entire "Treveria Silo E" commercial real estate portfolio. Corpus Sireo took on the mandate on behalf of insolvency administrator Ottmar Hermann and in co-ordination with special servicer Hatfield Philips International Ltd..
Le cabinet d'avocats international Clifford Chance a conseillé Risanamento, société cotée italienne, dans le cadre de la cession des sociétés détenant l'immeuble situé au 118, avenue des Champs-Elysées à Paris à Pramerica, pour le compte de l'un de ses clients.
Le 118 avenue des Champs-Elysées est un immeuble emblématique de commerces et de bureaux, qui a fait l'objet d'une rénovation en 2009. Il est loué à 100% à des locataires de premier ordre.
London: Leading international law firm Norton Rose is acting for house builder Crest Nicholson, which today announced its highly anticipated IPO and proposed listing on the Premium Segment of the London Stock Exchange.
The first major IPO of a UK domestic company in 2013 will value Crest Nicholson at approximately £553 million. The offer contains both a primary tranche raising £59 million for the company and a secondary offering raising £169 million through the sale by institutional shareholders including Vardé and Deutsche Bank and management.
Clifford Chance has advised the joint venture between RREEF Investment GmbH (RREEF) and an investment partner on the sale and leaseback of The Co-Operative Group headquarters at One Angel Square, Manchester for £142.3m.
This landmark building forms part of the £800 million NOMA development project to transform 20 acres of Manchester City Centre into 4 million sq ft of office, retail, residential and leisure space and the deal marks the first letting on the NOMA estate.
Speechly Bircham is delighted to have acted as the legal adviser to the independent board of Northacre plc in relation to the offer by Spadille Limited for Northacre's entire issued share capital valuing the company at £25.65m.
Spadille is a wholly owned subsidiary of Abu Dhabi Capital Management LLC, an alternative investment firm based in the United Arab Emirates. Northacre is a leading developer of high-end residential properties and its current flagship development is The Lancasters, Hyde Park.
Ashurst advised Aberdeen Immobilien Kapitalanlagegesellschaft mbH (Aberdeen) on its acquisition of 237 rental apartments and a nursery in Frankfurt am Main. Hochtief Solutions AG is the seller of the apartments of the Lahn'sche Höfe project in Frankfurt's Gallus quarter.
Simmons & Simmons has advised Deutsche Wohnen AG on the acquisition of a nursing home portfolio from the LebensWerk group. The acquisition comprised both the four nursing homes with a total of 425 place located in Berlin as well as the operating company.
Frankfurt based Deutsche Wohnen AG is the largest listed real estate group in Germany.
Global law firm Eversheds has advised New World China Land (NWCL) on a new dim sum bond issue today, raising a total of CNY 3 billion (£307 million). This is NWCL’s second dim sum bond offering after their previous successful record-making CNY 4.3 billion offering last year, which still remains the largest corporate dim sum bond issuance in history, which Eversheds also advised NWCL on.
Trowers & Hamlins advised Sentinel Housing Association Limited on its successful raising of £75,000,000 under a private placement of notes with UK and US investors.
The property team at Charles Russell LLP has successfully advised Charles Terence Estates Limited in the ground breaking case, Charles Terence Estates Ltd (“CTE”) v Cornwall Council.
The Court of Appeal has upheld an appeal against the High Court decision that had allowed Cornwall Council to rid itself of what it considered to be bad bargains by evoking its predecessor district authorities’ (Restormel Borough Council and Penwith District Council) lack of capacity.