MinterEllison has advised Frasers Property on its purchase of 974 Black Forest Rd in Melbourne's western growth corridor.

MinterEllison has advised Frasers Property Australia (Frasers Property) on its purchase of 974 Black Forest Road in Melbourne's western suburb of Wyndham Vale.

The 100 ha vacant farm land property is located about 40 km south west of the Melbourne CBD and was purchased for A$91.5 million with the acquisition settled on 18 April 2018.

Ashurst is advising Pemberton Capital Advisors LLP (Pemberton) on the financing of the acquisition of a majority stake in Dunlop Protective Footwear (DPF), the leading global manufacturer of protective wellington boots, by investment firm EQT. Pemberton will support the transaction with a second lien loan. ABN Amro, Bank of Ireland, Idinvest, ING, NIBC, SEB and SMBC will provide senior financing. The vendor Gilde Equity Management will reinvest significantly as part of the transaction, retaining a minority stake in Netherlands-headquartered DPF.

Simpson Thacher is advising KKR on a high yield bond offering to finance a portion of its acquisition of Unilever’s global Spreads business. Sigma Holdco B.V., a KKR special purpose vehicle, has completed a Rule 144A and Regulation S offering of $525 million aggregate principal amount of its 7.875% Senior Notes due 2026 and €685 million aggregate principal amount of its 5.75% Senior Notes due 2026.

Womble Bond Dickinson (WBD), has advised GRIP REIT plc (Grainger plc's GRIP REIT joint venture with APG), on the forward funding of a major build-to-rent development project which will be developed by the National Regional Property Group (NRPG).

This build-to-rent project will be a positive investment to Southampton City Centre. The £27m development will feature a range of contemporary one and two bedroom apartments which are being built specifically for the rental market. The development will be Southampton's second build-to-rent scheme.

Leading international law firm Hill Dickinson has advised property developer Qualis Residential Developments Limited on a significant new residential-led development in Sheffield. The firm advised on the acquisition of the land at Chatham Street and secured the development finance facility for the Great Central project.

Leading international law firm Hill Dickinson has advised property developer Qualis Residential Developments Limited on a significant new residential-led development in Sheffield. The firm advised on the acquisition of the land at Chatham Street and secured the development finance facility for the Great Central project.

Dentons' Real Estate team in Warsaw has advised Ghelamco on the sale of a 50% stake in the Warsaw Spire tower (Building A), the tallest office tower in Central Europe, to Madison International Real Estate Liquidity Fund VI LP. The value of the tower is approximately EU350 million, which makes the sale one of Poland's largest office real estate transactions in recent years.

Greenberg Traurig Germany advised a joint venture between the three partners Kauri CAB Management GmbH (Kauri CAB), a Sovereign Wealth Fund and Apeiron/Ailon on the sale of a residential property portfolio. The sale took place by way of a share deal to a fund managed by the Blackstone Group.

The portfolio comprises approximately 2,500 housing units as well as 130 commercial units and is located in central Berlin and eastern Germany.

Cologne – STRABAG Property and Facility Services GmbH (STRABAG PFS) has signed an agreement with ISS Facility Services Holding GmbH (ISS) regarding the continued employment of more than 3,000 workers. The agreement relates to the change in facility management service provider for Deutsche Telekom AG and its subsidiaries in Germany. As of 1 July 2019, facility management services will be provided by ISS.

International law firm Ashurst has acted as the Hong Kong legal advisers to CHMT Peaceful Development Asia Property Limited on the US$4.1 billion bond issuance to finance the acquisition of Hong Kong skyscraper The Center. The consortium acquired The Center from Li Ka-shing's CK Asset Holdings (SEHK:1113) at a record price of HK$40.2 billion in November 2017. It is the world's most expensive real estate transaction for a single building to date.