DLA Piper has advised the property fund manager, Savills Investment Management, on the establishment of its new fund Nordic Fund III – Retail, and the fund's subsequent acquisition of four retail parks in Haparanda, Borlänge, Uppsala and Uddevalla in Sweden from IKEA Centres.
DLA Piper advised on the Swedish, German and English law in relation to the acquisition of the retail parks, as well as the financing of the acquisition.
DLA Piper has advised the property fund manager, Savills Investment Management, on the establishment of its new fund Nordic Fund III – Retail, and the fund's subsequent acquisition of four retail parks in Haparanda, Borlänge, Uppsala and Uddevalla in Sweden from IKEA Centres.
DLA Piper advised on the Swedish, German and English law in relation to the acquisition of the retail parks, as well as the financing of the acquisition.
DLA Piper has advised the property fund manager, Savills Investment Management, on the establishment of its new fund Nordic Fund III – Retail, and the fund's subsequent acquisition of four retail parks in Haparanda, Borlänge, Uppsala and Uddevalla in Sweden from IKEA Centres.
DLA Piper advised on the Swedish, German and English law in relation to the acquisition of the retail parks, as well as the financing of the acquisition.
CMS has advised London Stock Exchange listed RDI REIT P.L.C. (RDI) on its acquisition of an 80% interest in a portfolio of flexible offices in Central London worth in excess of £161m, from sellers Forum Partners, the Kailong Group and Office Space in Town Limited (OSIT). The portfolio was previously held by two companies based in the Isle of Man. RDI (formerly Redefine International) is a FTSE 250 UK Real Estate Investment Trust, which currently manages £1.5bn worth of properties in the UK and Germany, including retail parks, offices, logistics and hotels across both countries.
TLT has helped German-headquartered Novoferm Europe Limited expand its operations with the acquisition of UK-based Bolton Gate Services Limited.
Novoferm – the European subsidiary of Tokyo-listed Sanwa Shutter Corporation and one of Europe's largest suppliers of entrance solutions – has acquired 100% of Bolton Gate Services – a leading provider of 24/7 door and shutter maintenance and repair services across the UK.
With a team led by Dr. Thorsten Kuthe, Heuking Kühn Lüer Wojtek advised The Grounds Real Estate Development AG on a reverse IPO by contributing The Grounds Real Estate AG to a shell company. Subsequently, a private placement in Germany was successfully completed with the subscription of 2.2 million shares. The next step will be a dual listing of The Grounds Real Estate Development AG shares in the AltX segment of Johannesburg Stock Exchange. The shares will thus be placed with institutional investors in South Africa.
Eversheds Sutherland financial service team in Italy advised Sorgente SGR, one of the main Italian real estate asset managers, in structuring and setting up its second fund focusing on NPL investments.
The new fund (named Fondo Perugino) enriches the offering of Sorgente, one of the few asset managers in Italy which have launched this type of alternative investment funds, in the credit sector.
The Eversheds Sutherland team was led by Alessandro Engst and comprised Valerio Lemma, Lorenzo Toppini and Carlotta Riggi.
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”).
King & Wood Mallesons (KWM) has advised Westfield Corporation on a A$32.76bn takeover offer by European shopping centre giant Unibail-Rodamco.
The combined group will have gross market value of €61.1bn ($95.43bn), creating a global property giant with 104 assets in 27 retail markets around the world.
Slaughter and May, Hong Kong, advised Swire Properties Limited on the first green bond issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 3.50% Guaranteed Notes due 2028. The Notes were issued under Swire Properties' US$4 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.