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Real Estate & Construction

Norton Rose Fulbright advises Rockspring on the sale of a controlling stake in the group to Patrizia Immobilien AG

08 Jan 2018

Global law firm Norton Rose Fulbright has acted for the sellers and management of Rockspring Property Holdings Limited (Rockspring) on their conditional sale of the Group to Patrizia Immobilien AG (Patrizia). The sale is subject to regulatory and antitrust approvals.

BEITEN BURKHARDT Advises dormakaba Group on Bond Issue of CHF 680 Million

08 Jan 2018

The international law firm BEITEN BURKHARDT has advised the dormakaba Group on issuing two bonds in a total volume of CHF 680 million as double tranches on the Swiss capital market with regard to all German law aspects in relation to the collateralisation by a German group company. dormakaba Finance AG is the issuer of the bond, the first tranche of which has a maturity of four years, a 0.375 per cent coupon and an issuing price of 100.298 percent, and the second tranche being issued with a maturity of eight years, a coupon of 1.00 percent and an issuing price of 100.46 percent.

Gide advised Yareal Polska on the purchase of an area of SOHO Factory

08 Jan 2018

The real estate team at Gide Warsaw law firm advised Yareal Polska on the purchase of post-industrial real property with a total area of 5.3 ha located on the area of SOHO Factory in the district of Praga-Poludnie in Warsaw.

There are plans to build a residential complex with a usable area of ca. 70 thousand square metres on the purchased real property, located between ul. Minska and ul. Zupnicza. The investment will retain the post-industrial look of the location, adding modern architectural and urban solutions.

Hill Dickinson advises AIM-listed SigmaRoc plc on its acquisition of Poundfield Products (Group) Limited

08 Jan 2018

Hill Dickinson has recently advised AIM-listed client SigmaRoc plc on its acquisition of Poundfield Products (Group) Limited (Poundfield) for £10.25 million.

SigmaRoc is a construction materials group with a buy-and-build investment strategy focusing on acquiring and operating both upstream and downstream heavy construction materials businesses.

CMS advises a consortium on the € 115 million purchase of a real estate portfolio

08 Jan 2018

CMS has advised a consortium consisting of Aspen Group and a number of other Israeli institutional parties in the purchase of a real estate portfolio. The consortium has acquired a property portfolio consisting of 8 (office) buildings from APF International and Ares Management. The total transaction value amounted to approx. € 115 million. The portfolio has a total lettable floor area of approximately 63,000 m² and generates approximately 9.5 million euro in annual rental income with an occupancy rate of 99%.

MoFo Represents GLP in Forming European Funds

08 Jan 2018

LONDON (December 22, 2017) – Morrison & Foerster, a leading global law firm, is advising Global Logistic Properties Limited (GLP), the leading global provider of modern logistics facilities, in connection with the formation of two new European funds which increase the size of GLP’s fund management platform by US$4 billion (€3.4 billion) to US$43 billion. These funds were formed in conjunction with GLP’s acquisition of Gazeley, a premier developer, investor and manager of European logistics warehouses and distribution parks.

MoFo Represents GLP in Forming European Funds

08 Jan 2018

LONDON (December 22, 2017) – Morrison & Foerster, a leading global law firm, is advising Global Logistic Properties Limited (GLP), the leading global provider of modern logistics facilities, in connection with the formation of two new European funds which increase the size of GLP’s fund management platform by US$4 billion (€3.4 billion) to US$43 billion. These funds were formed in conjunction with GLP’s acquisition of Gazeley, a premier developer, investor and manager of European logistics warehouses and distribution parks.