International legal practice Osborne Clarke has advised Barratt Developments on 50:50 joint venture (JV) with Swindon Borough Council to develop approximately 250 hectares at Wichelstowe, South of Swindon. The scheme will deliver around 2,670 new homes over the next 20 years and includes two primary schools, a secondary school and an extensive area of open space.
Herbert Smith Freehills is providing various legal services to Chinese-based Melbourne property developer Jinding Australia, which is focusing on becoming one of Australia’s leading property developers.
Over the past 6 months Herbert Smith Freehills has advised Jinding Australia on the expansion of its development portfolio to over $1.3 billion. The company’s recent acquisitions include:
International law firm Taylor Wessing has advised Try Market Halls, a group of UK-based property investors and restaurateurs, on their new upmarket food halls scheme launching in London and across the UK in 2018.
International law firm CMS has advised UAE property developer Union Properties PJSC (UP) on the sale of its entire 50% stake in district cooling services provider Emicool to Dubai Investments PJSC for AED500m. Dubai Investments PJSC is now the sole owner of Emicool, having already owned 50% of Emicool prior to its latest purchase.
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.
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.
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).
Linklaters' Warsaw Real Estate Team has advised UBM Development AG, the leading Austrian developer, on another successful transaction in Poland, this time concerning the EU38m forward sale of a new Holiday Inn hotel to an institutional investment fund managed by the German Union Investment Real Estate GmbH. The new hotel will have 240 rooms and is currently being developed directly on the water's edge at the tip of the historic Granary Island (Wyspa Spichrzow) in the old town of Gdansk.
Linklaters' Warsaw Real Estate Team has advised UBM Development AG, the leading Austrian developer, on another successful transaction in Poland, this time concerning the EU38m forward sale of a new Holiday Inn hotel to an institutional investment fund managed by the German Union Investment Real Estate GmbH. The new hotel will have 240 rooms and is currently being developed directly on the water's edge at the tip of the historic Granary Island (Wyspa Spichrzow) in the old town of Gdansk.
DLA Piper has advised the international project developer and fund manager, Tishman Speyer, on the leasing of 9,500 square meters of its recently acquired "Pressehaus am Alexanderplatz," located on Karl Liebknecht Strasse, to the international internet and entertainment group Naspers.
The second major rental agreement in the building has been signed with Naspers and the tower is now fully let. The revitalisation of the building "Pressehaus" will be completed in 2019, and offers loft character office space of approximately 22,000 square meters.