Macfarlanes has advised long-standing client Realstar Group, a Canadian real estate investment company, on the acquisition of Ravenscourt House, a 234-bedroom student accommodation block in Hammersmith. Macfarlanes also advised on the financing required to complete the transaction.
Shearman & Sterling advised Cooperativa Muratori & Cementisti-C.M.C. di Ravenna Società Cooperativa (CMC) on its €325 million high yield bond offering. The €325 million senior notes mature in 2023 and have a fixed coupon of 6%. The notes are listed on the Official List of the Luxembourg Stock Exchange and traded on the Luxembourg Stock Exchange’s Euro MTF market. The proceeds from the offering were mainly used to repurchase and redeem CMC’s existing senior notes due 2021 and to pay fees and expenses related to the transaction.
Mishcon de Reya advised UK focused property investment and development company Helical plc on the disposal of its retirement villages portfolio to Legal & General for £102million. As part of the transaction, Helical has transferred the £46 million of debt secured against the portfolio to the purchaser and will receive 50% of the total net sale proceeds of £51m on completion, with the remainder deferred for 12 months.
Mishcon de Reya advised the independent provider of flexible offices BE Offices (BE) on the next phase of its expansion programme with the acquisition of co-working specialist Headspace Group. Headspace develops and manages inspiring, flexible work and event space for the UK’s tech, media and creative communities. This latest acquisition is an important strategic move because it enables BE to enter a rapidly expanding sector of the flexible workspace market and adds a third division to its portfolio.
TLT has completed the sale of a £50m portfolio of 12 care homes for 90 North Real Estate Partners LLP to two real estate investment trusts (REITs).
Travers Smith LLP has advised longstanding client ETF Securities Limited on both the $611 million sale of its European exchange-traded commodity, currency and short-and-leveraged business to WisdomTree Investments, Inc., and the sale of its Canvas, UCITS ETF platform, to Legal & General Investment Management (LGIM).
ETF Securities is a leading innovator of Exchange-Traded Products (ETPs) and provides specialist investment solutions to investors around the world.
Hamburg based Quantum Group has acquired the MIK office complex in Düsseldorf on behalf of a consortium of Korean institutional investors led by Capstone Asset Management. Capstone and Quantum were advised on the transaction by Clifford Chance.
The complex extending over some 53,000 square metres was acquired by means of a share deal. Clifford Chance also advised on the structuring and financing of the transaction.
Paul Hastings LLP announced that it has advised Intermediate Capital Group (“ICG”) on Senior Debt Partners III (“SDP3”), the largest pooled direct lending fund in Europe in 2017 to date (€5.2 billion).
The SDP3 transaction took from January to September 2017 to structure, document and close. The fund was oversubscribed and catered for a wide-range of investors, including a large number of pension fund and insurers.
Ashurst LLP advised TH Real Estate on behalf of its fund European Cities Fund on the acquisition from La Compagnie de Phalsbourg of the Retail Park Enox in Gennevilliers (France) developing a gross letting area of circa 26,000 s.qm. and fully let to nine well-known brands such as Nike, Darty, Maisons du Monde….
The Ashurst team in Paris was composed of real estate partner Guillaume Aubatier, assisted by associates Dorian Scemama and Malvina Dahan.
Ashurst is acting as the legal adviser to Asia Pacific Data Centre Group (APDC) in relation to 360 Capital Group's (360 Capital) A$224 million unconditional, off-market takeover offer for all of the stapled securities in APDC (APDC Securities) for A$1.95 cash per stapled security (360 Capital Offer).