DLA Piper has advised LabTech Investments Ltd, a technology and property co-working company, on the acquisition of the freehold of BUPA House, WC1.

This acquisition follows the announcement in October that it would be developing its Bloomsbury portfolio to create co-working spaces for SME businesses. BUPA House is situated next to a large existing holding in the Holborn area, which was purchased by Lab Tech Investments in September 2016 for approximately £300 million.

Global law firm DLA Piper has advised leading real estate investment firm Harrison Real Estate Capital LLC, on its joint venture with Crosslane Property Group UK, a real estate company specialising in purpose built student accommodation (PBSA) across the UK and Continental Europe.

The JV will jointly develop four student accommodation properties totalling 1,267 beds in Leeds, Coventry, Portsmouth and Swansea.

Slaughter and May advised Redrow plc on the amendment and extension of its existing unsecured revolving credit facility. The facility was extended to 31 December 2022. The participating banks are Barclays Bank Plc, Lloyds Bank plc, The Royal Bank of Scotland plc, Santander UK plc, Svenska Handelsbanken AB and HSBC Bank plc.

Contacts

Financing: Edward Fife (partner), Andrew Chaplin (associate), Kesten Laverty (trainee)

DLA Piper has advised leading real estate investment firm Harrison Real Estate Capital LLC, on its joint venture with Crosslane Property Group UK, a real estate company specialising in purpose built student accommodation (PBSA) across the UK and Continental Europe.

The JV will jointly develop four student accommodation properties totalling 1,267 beds in Leeds, Coventry, Portsmouth and Swansea.

DLA Piper has advised LabTech Investments Ltd, a technology and property co-working company, on the acquisition of the freehold of BUPA House, WC1.

This acquisition follows the announcement in October that it would be developing its Bloomsbury portfolio to create co-working spaces for SME businesses. BUPA House is situated next to a large existing holding in the Holborn area, which was purchased by Lab Tech Investments in September 2016 for approximately £300 million.

BLB, the North-Rhine Westphalia Building and Property Management Department, will build a modern correctional facility in Münster-Wolbeck. The new correctional facility that will be able to house 640 prisoners will replace Germany's oldest correctional facility in Münster's city center and is expected to be completed by 2024.
 

Watson Farley & Williams (“WFW”) advised Cartus Corporation (“Cartus”) on the disposal of its stake in Learnship Networks GmbH (“Learnship”) to THI Investments GmbH (“THI”).

An industry leader in the field of corporate relocation programmes and services for more than 60 years, Cartus has previously helped fund Learnship’s expansion by providing equity and convertible loan financing across several venture capital financing rounds. Cartus is also one of Learnship’s key customers.

King & Wood Mallesons (KWM) acted for Hanson Australia on its acquisition of Australia-based recycling and asphalt business Alex Fraser Group.

Alex Fraser offers a network of facilities across Melbourne and Brisbane, and was listed for sale in 2017 by UK-based Swire Group.

The KWM team was led by Sydney based Mergers & Acquisitions Partner Adrian Perkins, supported by Senior Associate James Slimnicanovski and Solicitors Will Mason, Sam Monk and Will Bartlett.

Dentons has advised Tide Construction in securing planning permission for its 550-apartment private rented sector (PRS) development at 101 George Street, Croydon in south London.

The £150 million scheme will include two of the world's tallest towers built using modular construction methods over 44 and 38 storeys. It is one of the first major PRS schemes to receive permission following the adoption of the Mayor of London's supplementary planning guidance on viability last summer.

Dentons has advised Tide Construction in securing planning permission for its 550-apartment private rented sector (PRS) development at 101 George Street, Croydon in south London.

The £150 million scheme will include two of the world's tallest towers built using modular construction methods over 44 and 38 storeys. It is one of the first major PRS schemes to receive permission following the adoption of the Mayor of London's supplementary planning guidance on viability last summer.