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Real Estate & Construction

White & Case Advises Greentown China Holdings Ltd on US$500 Million Regulation S Offerings of Perpetual Securities

13 Feb 2019

Global law firm White & Case LLP has advised Greentown China Holdings Limited, a Chinese luxury residential property developer, on its subsidiary's Regulation S offering of US$400 million senior perpetual capital securities callable 2022 and US$100 million senior perpetual capital securities callable 2022.

The joint global coordinators, joint lead managers and joint bookrunners for the offerings are Credit Suisse (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited.

BCLP advises on Aedifica’s acquisition of a portfolio of 93 healthcare properties in the UK for approx. £450m

13 Feb 2019

International law firm Bryan Cave Leighton Paisner’s Healthcare team have advised listed Belgian healthcare investor Aedifica on the acquisition of a portfolio of 93 care home properties across England for approximately £450m from Lonestar. This marks Aedifica’s entry into the UK market, making it the fourth country in its portfolio.

BlueBay Asset Management Raises €6B Direct Lending Fund

13 Feb 2019

Fried Frank advised BlueBay Asset Management's Private Debt Group on the raising of its Direct Lending Fund III (the “Fund”), which reached a final closing with investable capital in excess of €6 billion. The Fund aims to provide financing solutions to upper and mid-market European businesses to facilitate M&A transactions, growth financing and re-financings. This is one of the largest private debt funds ever raised in Europe and is BlueBay's most successful fundraising in this area to date.    

Mingfa Issues US$200 Million in Bonds Due 2020

13 Feb 2019

Hong Kong - Paul Hastings, a leading global law firm, announced today that it represented Mingfa Group (International) Company Limited (“Mingfa Group”), a leading PRC investment company focusing on property development listed on the Hong Kong Stock Exchange, on its issuance of US$200 million of bonds due 2020. Head & Shoulders Securities Limited acted as the placing agent.

Simpson Thacher Represents Blackstone on Its EUR 337 Million Refinancing of Two Spanish Logistics Property Portfolios

13 Feb 2019

Simpson Thacher represented Blackstone in the refinancing of its acquisition of two Spanish logistics portfolios. The refinancing follows Blackstone’s acquisition of the two portfolios in December 2018, which are located in key regional capitals and major trade hubs throughout Spain, with one property acquisition set to complete in 2021.

The Simpson Thacher team who acted on the refinancing included Tom Lloyd, Luke Murphy and Pamela Rosindale (Real Estate).

Allen & Overy advises Vonovia on secured financing of EUR 500 million

13 Feb 2019

Allen & Overy advised Vonovia SE on a secured financing arrangement for EUR 500 million with a 10-year term.  Pbb Deutsche Pfandbriefbank AG and Landesbank Baden-Württemberg (LBBW) each provided 50% of the commitments to the listed residential property company.  Vonovia will be using the funds for general business purposes. The loan is secured by a residential property portfolio in Dresden with total rented space of approx. 800,000 sqm, comprising approx. 13,400 residential units and over 200 commercial units.

GOWLING WLG ADVISES AVISON YOUNG ON ACQUISITION OF GVA

13 Feb 2019

Gowling WLG has advised Avison Young, the world’s fastest-growing commercial real estate services firm, on its acquisition of GVA.

Avison Young's acquisition of one of the UK's leading and most diverse real estate advisory-led businesses from Apleona Group GmbH (“Apleona”), a portfolio company owned by global private-equity firm EQT, completed on Thursday, 31 January 2019.

Effective immediately, the two companies will combine under one unified brand: Avison Young.

Gide, counsel to Climater on the acquisition of French company Amardeilh (a plumbing and heating contractor) from Financière Da Costa

11 Feb 2019

Gide, counsel to Climater on the acquisition of French company Amardeilh (a plumbing and heating contractor) from Financière Da Costa

Gide has advised the Climater group, a climate engineering leader in France, on the acquisition of French company Amardeilh, a plumbing and heating contractor located in the Toulouse region (south-west of France), from its holding company Financière Da Costa.

Ashurst advises Corestate on the acquisition of an office object in Munich-Neuperlach

11 Feb 2019

Ashurst advised the luxemburgish real estate investor CORESTATE Capital Holding S.A. (Corestate) on the acquisition of an office object in Munich-Neuperlach.

The building is projected to be refurbished, extended and completely let until end of 2020. The overall investment amounts to 66 million Euro. The existing office property currently comprises 13,000 sqm rental space and is let by 75% to individual tenants. After refurbishing the object will have a total floor area of 16,700 sqm and approx. 180 underground parking spaces.