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Real Estate & Construction

MinterEllison acts for $57m redevelopment of Woolworths' South Australian distribution centre

18 Mar 2019

MinterEllison has advised Growthpoint Properties Australia (Growthpoint, ASX: GOZ) on its funding of the A$57 million expansion and upgrade of Woolworths' Adelaide Regional Distribution Centre (ARDC) in Gepps Cross, South Australia.

Growthpoint is an ASX-listed real estate investment trust or A-REIT, with a mandate to invest in Australian office, industrial and retail real property with a portfolio currently worth $3.9 billion.

In return for funding Woolworths' redevelopment of the ARDC, Growthpoint will receive a coupon on incurred costs at a yield of 6.75%.

Matheson Advises Ballymore and Oxley on €60m Funding of Dublin Landings Residential Blocks

18 Mar 2019

Matheson recently advised Ballymore and Oxley on the €60 million funding of two residential blocks as part of the ongoing “Dublin Landings” waterfront regeneration project. The project located on North Wall Quay is expected to extend to 100,000 sq m of office, residential and retail / leisure accommodation, of which 22,019 sq m will be residential accommodation.

DLA Piper advises Stack Infrastructure, Inc. in its inaugural securitization, an US$850 million issuance of asset-backed secured notes

14 Mar 2019

DLA Piper represented Stack Infrastructure, Inc. (Stack), a wholesale data center company, in its inaugural securitization, an US$850 million issuance of asset-backed secured notes. The notes are secured by pledged mortgages, deeds of trust and/or deeds to secure debt and the rights under certain tenant leases.

Stack aims to address the technology infrastructure needs of rapidly scaling enterprises and hyperscale companies. The existing Stack platform totals over 100 megawatts of capacity and approximately 1.5 million square feet in aggregate.

Dentons advises HB Reavis on Varso Place financing

14 Mar 2019

Dentons' Banking and Finance team in Warsaw advised HB Reavis on the EU350 million financing granted to its three subsidiaries by a multinational syndicate of banks (Santander Bank Polska, Helaba, Bank Pekao and Unicredit) for the construction of Varso Place, HB Reavis' flagship development in Warsaw. This is the largest construction loan in the history of the Polish real estate market.

Clifford Chance advises GLL Real Estate Partners on sale of the Accent Office Center in Frankfurt

14 Mar 2019

Clifford Chance has advised GLL Real Estate Partners GmbH (GLL) on the sale of the Accent Office Center (AOC) in Frankfurt. The buyer is a joint venture between Tristan Capital and Finch, which acquired the property by means of a share deal.

The AOC in Frankfurt was completed in 2004 and comprises around 25,000 m² of useable floor space. A real estate team led by partner Thomas Reischauer advised GLL at the end of 2014 on acquiring the property through its GLL Pan European Property Fund.

Gide, counsel to Amundi Immobilier on the acquisition of a property complex in Paris

14 Mar 2019

Gide has advised Amundi Immobilier on the off-plan acquisition of a 7-floor property complex covering 7,307 sq.m. located in central Paris (9th arrondissement).

This former school built in 1860 is currently being fully restructured to turn it into a high-quality and atypical office complex, with a remarkable glass roof over the inner yard, a green wall and green roof.

WeWork will be the building's main user.

Dentons advises HB Reavis on Varso Place financing

14 Mar 2019

Dentons' Banking and Finance team in Warsaw advised HB Reavis on the EU350 million financing granted to its three subsidiaries by a multinational syndicate of banks (Santander Bank Polska, Helaba, Bank Pekao and Unicredit) for the construction of Varso Place, HB Reavis' flagship development in Warsaw. This is the largest construction loan in the history of the Polish real estate market.

Slaughter and May advised HKICIM on the acquisition of a Hong Kong office building

12 Mar 2019

Slaughter and May advised Hong Kong International Construction Investment Management Group Co., Limited (HKICIM), a company listed on the Hong Kong Stock Exchange, on the acquisition of CentreHollywood, a 26-storey office building on Hollywood Road, Hong Kong. HKICIM acquired the property by way of a sale and purchase of the holding company and related shareholder loans for HK$700,000,000.  The transaction constituted a discloseable transaction for HKICIM under Chapter 14 of the Hong Kong Listing Rules.

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