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Real Estate & Construction

Orrick Advises Cleaveland and Patron Capital on Purchase of "Le Magnum" Office Building Near Paris

06 Jun 2018

A Paris team advised Cleaveland, as asset manager and investor, and Patron Capital V LP, advised by Patron Capital, on the purchase of a €71.5 million office building called “Le Magnum” located near Paris in Levallois Perret.

The building is currently completely let to L'Oreal. Cleaveland and Patron plan to refurbish the entire building and re-let it in the near future to high quality tenants.

Shoosmiths advises on major Emoov merger and multi-million pound funding

06 Jun 2018

National law firm Shoosmiths has advised online estate agent Emoov on its merger with Tepilo, fellow online estate agent founded by TV presenter, Sarah Beeny - creating the UK's second-largest digital estate agency in the process.

The merger, which also includes recently acquired online letting agency, urban.co.uk, involved securing £15 million funding from existing and new shareholders, plus additional investment from Channel 4 and Northern & Shell, via Sky.

Linklaters advises CPI Property Group on the acquisition of Atrium Centrum & Atrium Plaza office buildings

06 Jun 2018

Linklaters advised CPI Property Group (CPIPG) on the acquisition of Atrium Centrum & Atrium Plaza office buildings from Peakside Capital Advisors. These seven-storey office buildings are located in the centre of Warsaw and their area exceeds 31,860 sqm.

The seller was a fund under management of Peakside Capital Advisors. The transaction was closed on 29th of May.

The Linklaters team was led by Warsaw real estate partner Janusz Dzianachowski and managing associate Marta Bijak-Haiduk and included also associates Ewa Sinkiewicz and Piotr Borzynski.

Arbonia Issues EUR 125 Million Promissory Notes

01 Jun 2018

Leading global law firm Baker McKenzie advised Swiss building materials maker Arbonia AG on their issuance and placement of EUR 125 million promissory notes (Schuldscheine) with Commerzbank Aktiengesellschaft and Landesbank Baden-Württemberg as joint arrangers. The promissory notes were issued with terms of 5, 7 and 10 years each, bearing interest at a fixed rate. The notes were taken up by institutional investors as well as by major banks and savings banks in Germany and abroad.

Mayer Brown advised McCourt Global on the acquisition of the Epi-Plage hotel located in Ramatuelle

01 Jun 2018

Paris - Mayer Brown advised McCourt Global with regard to its acquisition of Epi-Plage, a prestigious hotel located in the Gulf of Saint Tropez. Founded by Jean Castel and the industry owner Albert Debarge, the “Epi-Plage” is an iconic hotel and a premier destination for celebrities and artists.

The Mayer Brown team included partner Erwan Heurtel, counsel Vincent Nédellec, and Maxence Létisse.

Withers represents Gemmo in sale of stake in lighting business City Green Light

01 Jun 2018

Withers has advised Gemmo S.p.A. a family-owned Italian infrastructure business on an investment in its subsidiary City Green Light S.r.l. Luxembourg-based fund Marguerite II SCSp has completed a €40m investment in City Green Light in order to hold 39% of the company, while the Italian Fund for Energy Efficiency (FIEE) holds 57%, following a €58m investment in the business. Gemmo currently holds 4% of the company but, as sole industrial partner, has a dedicated capital increase right to expand its partnership in the coming years.

DLA Piper advises on redevelopment of Cook County Hospital building in Chicago

01 Jun 2018

DLA Piper represented Chicago real estate firms Murphy Development, Walsh Investors and MB Real Estate and Canada-based Plenary Group in connection with the redevelopment of the Old Cook County Hospital building as the first phase of a multi-phase development.

The team, consisting of Chicago-based attorneys Robert Goldman, Gregory Dahlgren and Stacy Osmond, provided counsel on construction and development financing, including a construction loan, bridge loan and mezzanine loan, and historic tax credit equity investment, as well as leasing and development matters.

Slaughter and May has advised Swire Properties Limited on the annual update of the US$4 billion Medium Term Note Programme

31 May 2018

Slaughter and May, Hong Kong, advised Swire Properties Limited on the annual update of the US$4 billion Medium Term Note Programme of Swire Properties MTN Financing Limited, its wholly-owned subsidiary (the Programme).

Notes issued under the Programme are guaranteed by Swire Properties Limited and may be listed on the Hong Kong Stock Exchange.

Contacts

Capital markets: Lisa Chung (partner), Stephanie Pun (associate), Suet Wa Wong (associate), Conrad Cheung (trainee)