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Real Estate & Construction

White & Case Advises on AUD$450 Million Commercial Debt Refinancing for NSW Ports

23 Apr 2018

Global law firm White & Case LLP has advised NSW Ports on its refinancing of AUD$450 million of commercial debt.

"The successful commercial bank debt refinancing was achieved in combination with further US Private Placements issuance by NSW Ports" said White & Case partner Cameron Watson, who led the Firm's deal team. "NSW Ports attracted strong interest for the refinancing which reflects the confidence of domestic and international banks and investors in Australian infrastructure assets."

Ropes & Gray Advises Ares on Sale of Cordium to ACA Compliance Group

19 Apr 2018

Ropes & Gray has advised Ares Management on the sale of its portfolio company Cordium - a leading provider of governance, risk and compliance services - to ACA Compliance Group, a US-headquartered leading provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. The transaction is expected to close in the summer, subject to regulatory approvals. The financial terms of the transaction have not been disclosed.

Travers Smith advises Breedon Group plc on the acquisition of Lagan Group (Holdings) Limited for a consideration of £455 million

19 Apr 2018

Travers Smith LLP has advised its long-standing AIM-listed client, Breedon Group plc, on the acquisition of Lagan Group (Holdings) Limited, a leading construction materials business based in Belfast, for a consideration of £455 million on a cash- and debt-free basis.

We acted as an advisor in a transfer of business

19 Apr 2018

We acted as a legal advisor for Isännöitsijäpalvelu Oy and Kiirava Oy in their establishment of a joint company, Provia Isännöinti Oy. As a preliminary measure, we assisted our clients in acquiring the rights to the Provia trade name, which had been reserved for another company. After this we ensured the acceptability of the planned transfers of business and carried out the transaction, i.e. transferred the businesses of Isännöitsijäpalvelu Oy and Kiirava Oy to Provia Isännöinti Oy, which will continue the businesses in question.

Ashurst advises M&G Real Estate on the acquisition and financing of the Greenwalk property in Suresnes worth €126.5m

17 Apr 2018

Ashurst LLP advised M&G Real Estate on the acquisition and financing of the Greenwalk property located in Suresnes, France, worth €126.5m. This property, developing a useable surface area of circa 22,500 sq.m. host notably the headquarters of Philips France and Direct Assurances. It has been purchased by M&G Real Estate from a joint-venture formed by Norges Bank REM and AXA France. The acquisition was partly financed by Bayern LB.

Fried Frank Advises Cording on its Acquisition of a German Light Industrial Portfolio

13 Apr 2018

Fried Frank represented Cording Real Estate Group, a German, UK and Benelux real estate investment and asset management firm with €2.3 billion management mandates and 80 employees, on its acquisition of a German light industrial portfolio for €55.7 million from Gramercy Europe, a pan-European real estate investment fund manager.

Cording completed the acquisition, in association with Israeli insurance company and pension manager Migdal, through equity investment without leverage.

Osborne Clarke advises Gazeley on acquisition of land in London Docklands to develop the UK's first three-storey logistics warehouse

13 Apr 2018

International legal practice Osborne Clarke has advised Gazeley, a GLP company and leading investor and developer of logistics warehouses and distribution parks, on its purchase of a six-acre plot of land in the heart of London to speculatively develop the UK’s first three-storey logistics facility to be called G Park London Docklands. The site, located in Silvertown, was acquired from joint venture partners Galliard Homes and Cain International.

King& Wood Mallesons advises Sasseur REIT on its listing on the mainboard of the Singapore Stock Exchange

13 Apr 2018

On 28 March 2018, Sasseur Real Estate Investment Trust (Sasseur REIT) listed on the main board of the Singapore Stock Exchange (SGX), offering 267 million trust units in public and selling 495 million trust units to cornerstone investors at SGD 0.80 per trust unit. Sasseur REIT raised a total of about SGD 1 billion (about RMB 4.9 billion) through equity and debt financing. It is the first IPO deal on the SGX Main Board in 2018.

Dentons advises Skanska on the sale of Green2Day office building in Wroclaw, Poland

12 Apr 2018

Dentons' Real Estate team in Warsaw has advised Skanska on the sale of the Green2Day office building in Wroclaw, Poland to Niam.

Completed in the last quarter of 2017, Green2Day is a high-quality office property offering over 18,000 sq. m. gross leasable area to tenants such as Ultimo, Tieto and KPMG. The building also offers co-working and short-term lease solutions.