Squire Patton Boggs has advised Deutsche Wohnen Beschaffung und Beteiligung GmbH on the acquisition of GETEC Media GmbH and its subsidiaries and affiliates belonging to the GETEC Group. The team acting for long-standing client Deutsche Wohnen was led by Berlin office managing partner Dr. Kai Mertens and included Corporate senior associate Alina Navarro-Melendo.
A team led by Dr. Peter Zimmermann advised 6B47 Germany GmbH on the acquisition of a high-rise construction site of about 2,800 square meters in Offenbach Harbor. The company plans to erect an office building with a height of up to 70 meters referred to as the “Mainhafentower” on the eastern edge of the Offenbach Harbor development.
A team led by Cologne-based Partner Dr. Thorsten Kuthe advised Accentro Real Estate AG and its joint bookrunners Baader Bank Aktiengesellschaft and Quirin Privatbank AG on a cash capital increase as transaction counsel. Within a short period, 2,120,000 shares were placed, so that the capital increase was increased from up to EUR 1.6 million to EUR 2.12 million due to the high demand.
GSK Stockmann advised HOWOGE on awarding a partnering contract as part of an innovation partnership for a residential high-rise.
As the first of Berlin’s very own building societies, HOWOGE signed a large building contract (project development, planning and construction) within an innovation partnership – a new procedure that, so far, has rarely been used.
Hansainvest Real Assets GmbH is a partner in GEG German Estate Group AG’s Global Tower project development.
Real estate investment company TH Real Estate, acting on behalf of Chop (Cityhold Office Partnership), has acquired off-plan 28,262 sq.m. of office space in the Morland Mixité Capitale Parisian urban innovative development, located in the heart of Paris, from Société Parisienne du Nouvel Arsenal, represented by Emerige.
Herbert Smith Freehills has advised large-format retail expert Aventus Retail Property Fund on its A$148 million proposal to internalise its management functions through the acquisition of its external manager, the Aventus Property Group. The proposal was approved by a 72% majority of unitholders on 25 September 2018 and completed on 1 October 2018.
Led by Frankfurt partner Marc P. Werner Hogan Lovells has advised Covivio Immobilien GmbH on the divestiture of operating businesses of nine hotels to French budget hotel group B&B Hotels.
B&B Hotels will take over operations of nine Première Classe hotels, still owned by the Covivivo group, which is part of the Foncère des Régions group, one of the largest real estate companies in Europe.
Global law firm Norton Rose Fulbright advised Purplebricks on the formation of a joint venture with Axel Springer and the joint acquisition, in a first step, of approximately 26 per cent of the shares in German online real estate broker Homeday, based in Berlin. Founded in 2014, the Homeday is an operator of a platform for providing real estate appraisals and brokerage services. Purplebricks is the leading online real estate agent listed on the London Stock Exchange with operations in the United Kingdom, Australia, the US, and Canada.
Slaughter and May advised The Unite Group plc ("Unite") on its £275 million senior unsecured bond issuance.
The bonds are guaranteed by various subsidiaries of Unite and bear interest at a rate of 3.5 per cent per annum with a term of 10 years. The bonds have been admitted to listing on the Official List and trading on the Global Exchange Market of Euronext Dublin.
Contacts
Financing: Matthew Tobin (partner), Oliver Wicker (partner), James Broom (associate), Charlotte Elliot (associate); Tax: William Watson (partner), Edward Creamer (associate)