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Real Estate & Construction

Multi-Office Greenberg Traurig Team Represents Cromwell European Real Estate Investment Trust in Pan-European Acquisitions

28 Feb 2019

LONDON - 27, February 2019 - A team from the London, Warsaw, and Amsterdam offices of global law firm Greenberg Traurig, LLP represented Cromwell European Real Estate Investment Trust (CEREIT), through its subsidiaries, on its acquisition of 16 predominantly freehold office properties in Poland, the Netherlands, and Finland, with the total purchase consideration for the portfolio being EUR 324 million.

A cross-practice team from Addleshaw Goddard has advised Uliving, one of the leading providers of student accommodation in the UK, on all aspects of its deal to deliver and operate 804 student residences on behalf of the University of Brighton.

28 Feb 2019

A cross-practice team from Addleshaw Goddard has advised Uliving, one of the leading providers of student accommodation in the UK, on all aspects of its deal to deliver and operate 804 student residences on behalf of the University of Brighton.
The deal will see the new residences built at the University of Brighton's Moulescoomb campus alongside a new Student Union and gym in time for the 2021/2022 academic year.

Baker McKenzie Habib Al Mulla advises on landmark real estate judgments in the UAE

27 Feb 2019

Dubai's Court of Cassation sets new precedents for developers, reinforces confidence in the real estate market.

Leading global law firm Baker McKenzieHabib Al Mulla has represented a major real estate developer in the United Arab Emirates (UAE) in successful appeals to two cases to the Dubai Court of Cassation relating to the sale of off-plan property developments in Dubai, and helped set new precedents in this field, reinforcing confidence in the real estate market.

Norton Rose Fulbright advises Assoufid Properties Development S.A. on the negotiation of hotel contracts with Marriott International Group

27 Feb 2019

Global law firm Norton Rose Fulbright has advised Assoufid Properties Development S.A., housing promotion group based in Morocco, on the negotiation of hotel contracts with Marriott Group for the creation of the St Regis Marrakech Resort.

The hotel will comprise 80 rooms and villas, a spa, a swimming-pool and various restaurants. It will be built by United Real Estate Company. Opening is planned in 2024.

GSK Stockmann advised Westbrook on the purchase of the "Fritz" office building in Düsseldorf

26 Feb 2019

GSK Stockmann advised Westbrook on the purchase of the "Fritz" office building in Düsseldorf

GSK Stockmann provided comprehensive legal advice to the global real estate investment company Westbrook Partners on the purchase of the "Fritz" office building in Düsseldorf’s business district “Seestern.” The seller is Deka Immobilien GmbH. The parties agreed to keep the purchase price confidential.

GSK Stockmann advised Westbrook on the acquisition of a historic office building in Berlin-Mitte

26 Feb 2019

GSK Stockmann provided comprehensive legal advice to the global real estate investment company Westbrook Partners on the purchase of a listed five-story property in Berlin-Mitte. The seller is a subsidiary of Bayer AG. The parties agreed to keep the purchase price confidential.

The building in Gerichtstrasse 27, built between 1910 and 1912 as a laundry factory, is located on a plot of land of 6,600 m2 with more than 100 parking spaces. It has approx. 13,300 m2 of rental space and is fully let. The main tenants include Bayer and IB Medical Academy Berlin.

Gide, counsel to Swiss Life Asset Managers on one of the largest real estate transactions in Paris: the acquisition of 72% of Terreïs' assets

26 Feb 2019

Gide has advised Swiss Life Asset Managers on concluding an agreement for the acquisition from listed property company Terreis of a portfolio of 28 office assets in prime locations in Paris, for an overall amount of 1.7 billion euros.

Located within Paris' central business district, these Haussmann-style buildings are located primarily in the capital's 1st, 2nd, 8th, 9th and 10th arrondissements, and will be acquired using real estate funds managed by the Swiss Life AM entities in Switzerland, France, Germany and Luxembourg.

Gide advised Unibail-Rodamco-Westfield on the refinancing of the Galeria Mokotow shopping centre

26 Feb 2019

Gide Warsaw advised Unibail-Rodamco-Westfield, the largest commercial real estate company in Europe, on the refinancing of the Galeria Mokotow shopping centre in Warsaw.

A EUR 200,000,000 credit facility was granted by Commerzbank AG.

The team was headed by Mateusz Gronau, advocate within Gide Warsaw's Banking & Finance department, led by partner Pawel Grzeskowiak.

Dentons represents Camden Property Trust in public offering

26 Feb 2019

Dallas—A team of Dentons lawyers advised Camden Property Trust (NYSE: CPT) in a public offering that closed earlier today. The offering of 3,375,000 common shares is an underwritten public offering, and will allow underwriters a 30-day option to purchase an additional 506,250 shares. The offering is expected to raise approximately $330 million.

The Dentons team, comprised of Corporate partners, was led by Toni Weinstein and included Donald A. Hammett, Jr., and Raleigh Johnston.

DAN­ISH PRO­JECT COM­PANY FE­MERN RE­CEIVES PLAN­NING AP­PROV­AL FOR FEHMARN BELT FIXED LINK WITH CMS SUP­PORT

26 Feb 2019

Hamburg – On 31 January 2019, the Schleswig-Holstein Ministry of Economic Affairs, Labour, Transport and Technology issued planning approval for construction of the Fehmarn Belt Fixed Link. Extensive surveys were carried out over many years in relation to the cross-border infrastructure project, including looking at environmental aspects, traffic considerations, geotechnical engineering and the safety of shipping. Some 35,000 pages of application documents were prepared for the planning approval procedure on the German section of the project.