The Linklaters Warsaw Real Estate Team has advised UBM Development AG on the EU42m sale of another hotel in Poland to Union Investment, namely the recently opened 250-room Holiday Inn hotel located on Twarda street in the very centre of Warsaw. The hotel, officially opened in December 2017, is one of the most modern buildings in Warsaw with a facade inspired by the iconic Flatiron building in New York.

The Linklaters Warsaw Real Estate Team has advised UBM Development AG on the EU42m sale of another hotel in Poland to Union Investment, namely the recently opened 250-room Holiday Inn hotel located on Twarda street in the very centre of Warsaw. The hotel, officially opened in December 2017, is one of the most modern buildings in Warsaw with a facade inspired by the iconic Flatiron building in New York.

Herbert Smith Freehills and its Jakarta associated firm Hiswara Bunjamin & Tandjung (HBT) have advised Indonesia state-owned engineering and construction firm PT Wijaya Karya (Persero) Tbk (WIKA) on its issue of approximately US$400 million rupiah-denominated bonds.

This is the largest and second ever IDR-denominated 'komodo bond' issued to date. The bonds are due in 2021, have a coupon rate of 7.7 percent per year and will be listed on the London Stock Exchange (LSE-ISM) and Singapore Stock Exchange (SGX-ST).

Slaughter and May is advising Wing Tai Properties Limited (Wing Tai Properties) on the sale of the entire issued share capital of Allied Effort Limited (Allied Effort), an investment holding company that indirectly holds the “W Square” property in Wanchai, Hong Kong.  On 2 February 2018, Wing Tai Properties announced that its wholly owned subsidiary had entered into a binding agreement with Top Sincerity Limited and Winland Group Limited in respect of the sale for a consideration of HK$2,848,800,000, subject to price adjustments.  The sale is a “major transaction

Warsaw - Feb. 2, 2018 - Greenberg Traurig, LLP represented Somerston Group, an international investor engaged primarily in real estate investment and development, through its affiliate Newbridge Poland, a Warsaw-based investment and development firm, in the acquisition of three shopping centers in Torun (Centrum Handlowe Bielawy), Krakow (Centrum Handlowe Czyzyny) and Lodz (Centrum Handlowe Guliwer).

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.
 

Ropes & Gray has advised Dutch pension fund APG Asset Management on its €450 million joint venture with the US-based Hines Group to develop and retain 1,221 fully serviced ‘build-to-rent’ apartments, alongside shops and cafes, in Cherrywood – a new town development in south Dublin, Ireland.

DLA Piper has advised CORESTATE Capital Holding S.A., a fully integrated investment manager and co-investor based in Luxembourg, on its acquisition of the micro-living asset "WOODIE", with 371 student apartments in Hamburg, Germany.

This asset was purchased for the real estate umbrella fund, which was launched on the Luxembourg AIF-Platform of Universal-Investment on behalf of Bayerische Versorgungskammer (BVK).

With a team led by Dr. Thorsten Kuthe, Partner at the firm's Cologne office, Heuking Kuhn Luer Wojtek advised Accentro Real Estate AG on issuing a EUR 100 million corporate bond. Accentro intends to use the net proceeds from the issue primarily to finance the acquisition of new real estate assets in Germany.
 
ODDO BHF SCA issued the bond with a term of three years as part of a private placement. It is Accentro's largest debt financing measure on the capital market to date.
 

Hunton & Williams LLP is pleased to announce its role as lead transaction counsel to China Road and Bridge Corporation in a $1.8 billion public-private partnership (PPP) development of a 190-kilometer expressway in Cambodia.

CRBC, one of the world's largest construction companies, signed the toll-risk concession agreement with the Cambodian government on Jan. 11, 2018, in the presence of the Chinese premier and Cambodian prime minister during the Mekong-Lancang Cooperation summit meetings between China, Cambodia, Thailand, Myanmar, Laos and Vietnam.