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Real Estate & Construction

Milbank Advises KAEFER on Bank/Bond Refinancing

31 Jul 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised KAEFER Isoliertechnik GmbH & Co. Kommanditgesellschaft ("KAEFER") on a new comprehensive group financing, comprising a Reg S/Rule 144A high yield bond of € 250 million and a super senior revolving credit and multicurrency revolving letter of guarantee facility of € 480 million. Both instruments are governed by German law and secured by guarantees and collateral of the issuer and its subsidiaries.

Macfarlanes advises Supermarket Income REIT plc on the £104m acquisition of two supermarkets and a related £52.1m loan facility

31 Jul 2018

Macfarlanes has advised UK supermarket real estate investor, Supermarket Income REIT plc, on its latest acquisitions, the purchase of a Morrisons supermarket in Sheffield from property developer Opus North for £51.7m and the purchase of a Tesco store in Scunthorpe from Legal & General for £53m.

Macfarlanes also advised on a related five-year £52.1m interest-only loan facility with Bayerische Landesbank.

Trowers & Hamlins has advised Orbit Group on the sector’s largest single-tranche own-name bond issue

31 Jul 2018

International law firm Trowers & Hamlins has advised Orbit Group on their recent £450 million bond issue, which is understood to be the affordable housing sector's largest single-tranche own-name bond issue. This followed a successful roadshow and strong interest from investors.

Trowers previously acted for the Group on its inaugural £250 million bond issue in March 2015.

Partner Eleanor James commented:

Shakespeare Martineau advises Capreon on the £164 million acquisition

30 Jul 2018

Shakespeare Martineau LLP acted for existing client, Capreon, on the acquisition of two retail parks, Imperial Retail Park, Bristol and Fife Central Retail Park, Kirkcaldy, for a total consideration of £164 million.

Imperial Retail Park, covers a total of 32,200m2 and is the largest retail and leisure destination in South Bristol. The scheme is anchored by B&Q, The Range, HomeSense, M&S Foodhall, Next and Boots, and is currently 97% let.

Hogan Lovells advises M&G Real Estate on purchase of 36 Queen Street

30 Jul 2018

Hogan Lovells, the global law firm, has acted for M&G Real Estate, one of the world’s leading financial solutions providers for global real estate investors, in relation to the purchase of 36 Queen Street, a newly refurbished 47,000 sq ft commercial building in the heart of the City of London, from Speedy Result Limited for £55m.

Greenberg Traurig Warsaw Advised on Renegotiating a Lease Agreement for Office Space Exceeding 30,000 sq. m

27 Jul 2018

The Warsaw office of Greenberg Traurig advised Invesco Real Estate on signing a lease agreement with Deloitte for office space in the prestigious Q22 office building in Warsaw. Deloitte has leased over 15,000 sq. m. since 2016 and has signed a prolongation and expansion agreement until 2031. The leased space may ultimately exceed 30,000 sq. m. and the agreement will have the longest duration of any lease agreement for office space ever signed in Poland.

The transaction was led by Senior Associate Karolina Kuzniak and supervised by Partner Agnieszka Stankiewicz.

Allianz Real Estate advised by CMS on acquisition of core office property Gångaren 11 in Stockholm for around EUR 174 million

27 Jul 2018

Stuttgart – Allianz Real Estate has acquired the Gångaren 11 office building in Stockholm’s West Kungsholmen district on behalf of several Allianz insurance companies. The vendor is real estate firm AMF Fastigheter. The transaction is worth around EUR 174 million.

Domicil acquires building portfolio in Stuttgart with support from Heuking Kühn Lüer Wojtek

26 Jul 2018

A team led by Dr. Peter Vocke, Partner at Heuking Kühn Lüer Wojtek’s Düsseldorf office, successfully advised Domicil Real Estate Group on the acquisition of the “Solitude” portfolio in Stuttgart. Domicil acquired the residential portfolio of 145 residential and 11 commercial units from LC Liegenschaft Consulting for some EUR 50 million in an asset deal. The buildings are mainly located in Stuttgart, additionally in Leonberg, Reutlingen, and Calw.
 

Clifford Chance advises Capstone Asset Management on the resale of the new Zalando headquarters in Berlin

26 Jul 2018

Leading international law firm Clifford Chance has advised South Korean asset manager Capstone Asset Management on the resale of the new Zalando headquarters in Berlin by way of a share deal to a Luxembourg real estate fund advised by Hines. The purchase price is about € 233 Million.

Founded in 2009, Capstone is one of the fastest growing companies within their branch in Korea and currently manages assets of around € 1.8 billion.