Clifford Chance has advised CPI Property Group on its acquisition of Futurum Hradec Kralove shopping centre, from Meyer Bergman, a privately held real estate investment management firm. The transaction was approved by the Czech Competition Office on 23 March 2018.
Frankfurt/Main – SDAX-listed real estate company DIC Asset AG has for the first time re-sold a fund under its management by selling units to Swiss Life Deutschland. The parties agreed not to disclose details of the transaction value.
A CMS team headed by lead partner Heinrich Schirmer advised DIC Asset AG on all aspects of negotiating the purchase and transfer agreement and the special investment law aspects of selling the fund units.
De Brauw has advised Redevco on its joint-venture agreement with PGGM.
Client name
Redevco Investment Management
Other parties involved
PGGM Private Real Estate Fund
Nature of transaction
Ashurst LLP advised UMR, assisted by La Française Real Estate Partners, on the acquisition from Groupe IDEC Invest of an office building located 43-47 avenue de la Grande Armée. This building has been fully refurbished in 2017 and is fully let to BDO France.
The Ashurst team in Paris was led by real estate partner Guillaume Aubatier. Emmanuelle Pontnau-Faure, partner, and Solène Guyon, associate, advised on the tax aspects.
Addleshaw Goddard, together with Bedell Cristin, advise UPP Group (UPP) in connection with its conversion to a UK Real Estate Investment Trust (REIT) listed on The International Stock Exchange (TISE).
UPP, a long-standing client of Addleshaw Goddard and Bedell Cristin and a provider of on-campus student accommodation infrastructure and support services in the UK, has converted to a REIT effective from 1 March 2018.
Irwin Mitchell is advising Artisan Real Estate Investors on the acquisition of Natwest Court Bristol, a sprawling city centre building of 116,000 square feet in the centre of Bristol, which has been purchased from Direct Line.
Artisan plans to redevelop the building as part of the extensive regeneration project for the collection of buildings in Bristol’s Historic Quarter, fronting Broad Street and Nelson Street into a mixed-use scheme comprising residential, and retail anchored by a hotel.
TLT has completed its third land acquisition in four months for Persimmon Homes Limited, one of the UK's most successful house builders, in Tuffley, Gloucester.
The site has planning permission for 250 residential units and answers increasing demand for house building in the South West, as the region continues to attract residents and businesses. The other land acquisitions were in Calne in Wiltshire and Keynsham in Somerset.
Dentons has advised INTERNOS Spezialfondsgesellschaft on the acquisition of a nursing home property from FFB Projektentwicklung GmbH for their special asset Care Invest I.
The Wohlbehagen am Schlossberg nursing home is located in Hagen-Hohenlimburg, North Rhine-Westphalia. It has a total lettable area of approximately 4,700 sq.m., and includes80 single rooms and ten assisted living apartments. The object was built in 2017 on about 5,000 sq.m. of land and is already leased for 24 years to care provider Wohlbehagen.
Loyens & Loeff advised Macquarie Infrastructure and Real Assets (MIRA), division of Macquarie Asset Management, the asset management arm of Macquarie Group, on the structuring of a EU fund for their new fund, MAIF2.
With USD 3.3 billion in investor commitments, MIRA closed its fund MAIF2 at its hard cap, bringing MIRA’s global fundraising to USD 24 billion in the past two years.
Contacts
Thibaut Partsch
Marjorie Andre
Alix Braun
Vienna - DLA Piper has advised UBM Development AG on the issuance of a EUR 100 million hybrid bond. This was the first hybrid bond to be issued by UBM, an international real estate development company. Vienna partner and capital markets specialist Christian Temmel led the team.