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Real Estate & Construction

Baker & McKenzie Advises China Water Property Group on its HK$350 Million Notes Issuance

02 Feb 2013

Baker & McKenzie's securities team recently advised China Water Property Group Limited, a company listed on The Stock Exchange of Hong Kong Limited, on its issuance of HK$350 million 12.5% senior notes due 2016.  The net proceeds from the issuance will be primarily used for existing and new property projects (including construction costs and land premiums) and for general corporate purposes.  Guotai Junan Securities (Hong Kong) Limited acted as the sole global coordinator, sole lead manager and sole bookrunner.

Starwood Property Trust acquires LNR Property LLC for USD1.05 billion

30 Jan 2013

Allen & Overy  has advised LNR Property LLC ("LNR") on the non-US aspects of the USD1.05 billion sale of LNR to Starwood Property Trust and Starwood Capital Group.
LNR, founded in 1969 and headquartered in Miami, is a leading diversified real estate investment, finance, management and development firm with over 550 employees located in 12 offices throughout the U.S. and Europe.

Wragge & Co advises Roxhill Developments on joint venture to develop one million square feet logistics park

28 Jan 2013

Wragge & Co's Real Estate specialists have advised Roxhill Developments on its joint venture with Forth Ports Limited to develop the one million square feet London Distribution Park at the Port of Tilbury.

Industrial development company Roxhill has bought a 50% share in the development from Forth Ports for an undisclosed sum. The 70-acre site has outline planning permission for up to 940,000 sq ft of warehouse and industrial space.

Burges Salmon advises on multi-million pound restaurant development

28 Jan 2013

Real estate specialists at leading UK law firm Burges Salmon have advised Canadian & Portland Estates Plc on a significant new restaurant development in South West London.

The project known as ‘Riverside Kingston’ - which commenced in January 2013 and will have an end development value of £30m - will see the redevelopment of the Riverside Walk in Kingston upon-Thames which it is hoped will boost future revenue growth for the surrounding area.

Allen & Overy advises BSG Real Estate Limited on the formation of a joint venture with SIGNA

23 Jan 2013

Allen & Overy LLP has advised BSG Real Estate Limited (BSGRE) on the formation of a joint venture with SIGNA Prime Selection AG (SIGNA) in relation to a high street retail store portfolio in Germany. The joint venture received merger-control approval in Germany on 9 January 2013 and forms part of the long term strategy for both companies to have a presence in this growing market.

Ashurst advises Westfield on joint venture in Croydon

23 Jan 2013

Ashurst has advised Westfield on the property and asset management aspects of its joint venture with Hammerson to redevelop and combine the two main shopping centres in Croydon. This included establishing a 50:50 joint venture asset management company and dealing with the acquisition by the new partnership of the Centrale shopping centre and Royal London's 25% stake in the Whitgift Centre.

This mixed use scheme of around 200,000 m2 will include retail, leisure and residential with the potential for hotels and offices, and will create over 5,000 new jobs.