Mayer Brown JSM represented Principal Financial Group (NASDAQ:PFG), one of Southeast Asia’s largest asset managers, in its proposed acquisition of controlling stakes in CIMB-Principal Asset Management Group and CIMB-Principal Islamic Asset Management from its joint venture partner CIMB Group Holdings Berhad (KLSE:1023), pending regulatory approval.
Orrick advised Verdion GmbH on the development of a 100,000 m² logistics center in Werne near Dortmund, Germany. Constructed by BREMER AG, the building was transferred to Amazon at the end of October.
For the project, valued at around €100m, Orrick advised on the property acquisition agreement, the leasing contract with Amazon, the general contractor agreement, further project contracts and the construction phase of the logistics center.
DLA Piper announced today that it counseled a private development team affiliated with Civic Health Development Group (CHDG) in the acquisition, through long-term ground leases, of the Old Cook County Hospital on Chicago's West Side.
The 99-year leases became effective December 31, 2017. They commit the developer to finalizing development and construction plans for the historic building into a combination of residential, retail and office space, through its first phase of redevelopment, with the goal of beginning restoration work in summer 2018.
In September 2017, King & Wood Mallesons (KWM) helped Shenzhen Great Walle Asset Management Co., Ltd. (“Great Walle”) win its dispute with Liu Jianqiu (the “plaintiff”) and the third party Shenzhen Century Plaza Hotel Co., Ltd. (Stock Code: SZ00033, “Century Plaza”) over the validity of legality and legal consequences of Great Walle’s takeover action (the “Case”).
On 5 January, SCPG Commercial Real Estate Co., Ltd. (“SCPG”) announced that SCPG, China Vanke Co., Ltd (“Vanke”) and Triwater Asset Management Holdings Limited (“Triwater”), through their respective wholly-owned subsidiaries, have reached an agreement with CapitaLand Mall Asia Limited (“CMA”), a wholly owned subsidiary of CapitaLand Limited (“CapitaLand”), to jointly acquire 100% equity and take over corresponding loans of 20 shopping malls at the price of RMB 8.365 billion.
King & Wood Mallesons advised Thing On Enterprise Limited (Thing On, Stock Code 2292) as its Hong Kong counsel on its global offering and initial public offering (IPO) on the Main Board of the Hong Kong Stock Exchange.
The IPO comprised an issue of a total of 180 million shares being priced at HK$1.24 per share, raising gross proceeds of approximately HK$223 million (before the exercise of the over-allotment option).
Ashurst advised Aberdeen Asset Management Deutschland AG (Aberdeen) on the acquisition of the residential project "Wohnen im Brühl" in the German city of Erfurt. Seller of the project which will offer 50 apartments and 60 underground parking spaces on Bonemilchstraße in Erfurt’s Brühlervorstadt district is the Erfurt-based Dr. Ullrich Real Estate GmbH who will also take care of leasing the units adding up to about 4,650 square metres. Dr. Ullrich Real Estate GmbH wants to start construction this summer. Completion is scheduled for Q3 of 2020.
An international CMS team of German, Dutch and Luxembourg lawyers led by Partner Dr. Holger Kraft (CMS Germany, Energy) and Cecilia van der Weijden (CMS The Netherlands, Energy) has provided Partners Group, the global private markets investment manager, with comprehensive legal advice with regards to the acquisition (on behalf of its clients) of a substantial interest in the Dutch company owning the project rights for the offshore windfarm 'Borssele III/IV'.
DLA Piper has advised the Munich-based investment manager, Catella Real Estate AG, on its acquisition of the mixed-use property “Moosach Center” located in Moosach, Munich, for Catella BAVARIA, the open-end mutual real estate AIF. Completed in 2010, the fully let property located directly by Moosach station has a rentable floor space of approximately 7,100 square metres, and is used as office, hotel and retail space.
DLA Piper has advised Catella Real Estate AG on its acquisition of an office property in Stuttgart for the special fund IWS II, from German Property AS, based in Oslo, Norway. The building in Stuttgart-Feuerbach has office space of approximately 10,600 square metres, and its main tenant is Robert Bosch GmbH.
The second Catella special fund, focussing solely on Southern Germany, manages four properties. Investors in the fund include pension funds, pension-scheme companies and savings banks, and the target equity ratio is 150 million euros.