European-focused commercial real estate firm NorthStar Realty Europe has sold the Maastoren (Maas Tower) in Rotterdam, the tallest office building in the Netherlands, to a joint venture made up of between FOM Real Estate, Asia Pacific Real Estate and Coquine SA.

NorthStar acquired the 44 floor, office building which comprises 38,000sqm of floor space and 639 parking spaces in an indoor parking garage, in December 2014.

Clifford Chance advising Aldar Properties on its AED 3.7 billion acquisition of real estate assets from TDIC
One of the largest ever real estate M&A deals in the Middle East

Clifford Chance is advising Aldar Properties PJSC (Aldar Properties), a leading listed property development, investment and management company based in Abu Dhabi, on its acquisition of a portfolio of real estate assets from Tourism Development and Investment Company PJSC (TDIC) worth AED 3.7 billion; one of the largest real estate acquisitions in the history of the Middle East.

Our Italian real estate team advised BNP Paribas REIM on the acquisition of Viale Stelvio 55, a Class A office complex located in the CBD of Milan. Purchased through a €42 million investment, on behalf of its real estate fund Fundamenta, the 161,000 square foot property is fully leased, has state-of-the art features and is easily accessible by public transit.

The team was led by partner Emanuela Molinaro and included associate Christian Turotti.

DLA Piper has advised Gazeley on the leasing of a new logistics building to Schneider Logistik, located in the Schwäbische Alb business park in Geislingen/Steige, Germany.

The company will lease a total of 12,500 square meters of hall and mezzanine space, and will relocate its headquarters to the building following a planned move the end of the year.

DLA Piper is advising Allianz Real Estate on the investment into a portfolio of student accommodation facilities in Australia through the new Scape Australia Joint Venture 2 Fund. The fund will invest up to AU$500 million, focusing on student accommodation facilities in Sydney and Melbourne, it may also invest in the Brisbane, Perth, Canberra and Adelaide markets.

Allianz Real Estate is acting on behalf of several Allianz companies who will invest a combined 50% stake in the new Scape Australia Joint Venture 2 Fund.

On 25 April 2018, ARCOS (VINCI group) signed the agreements for financing the concession for the Strasbourg western bypass highway, also known as the A355.

The A355 is a two-lane motorway covering 24 kilometres, which will facilitate long-distance transit by avoiding systematic passage through Strasbourg. This new road will supplement the existing network, improve road safety, and reduce traffic congestion on the A35.

The concession contract was entered into on 29 January 2016 by ARCOS and the French Ministry in charge of transports, for a period of 54 years.

Macfarlanes has advised French real estate investment company Foncière des Régions’ hotel subsidiary Foncière des Murs on the purchase of 14 four and five-star hotels for £858m from American investment firm Starwood Capital.

This acquisition will give Foncière des Régions a presence in the UK and follows recent ventures into the German and Spanish markets in line with the company’s strategy for geographical diversification. 

Global law firm Norton Rose Fulbright has advised longstanding client ADLER Real Estate AG, on another issuance of dual tranche notes with a nominal value of €800m under German law. A similar transaction was successfully implemented in December 2017 under New York law.

ADLER Real Estate AG is a real estate company listed in the SDAX of the Frankfurt Stock Exchange and looks to build and develop a high-value and high-yield residential real estate portfolio in Germany

International law firm Trowers & Hamlins has advised two housing associations and an investment fund on a series of large scale portfolio sales and purchases. The sales consisted of over 1,300 units of accommodation with a value of in excess of £84m and the portfolio acquisitions were of over 2,700 units with a value of around £150m, all completed in the same six month period.

The transactions included the sale of national housing association stock to allow for a more effective service to residents.

Loyens & Loeff advised Highbrook, private equity real estate investors, on the acquisition of the Mesdag Delta portfolio consisting of 56 properties with a total surface 456,000 sqm. The properties entail some striking monumental buildings in the Amsterdam city centre, light-industrial and large shopping centres throughout the Netherlands.

Contacts

    Lonne Rooseboom
    Mila Plasmans
    Bastiaan Cornelisse
    Michel van Agt
    Paul Kerckhoffs