CMS has advised Savills plc. (“Savills”) on the acquisition of SB Property Services, a Czech company providing asset management services. Since entering the Czech market in 2016, Savills, a leading global real estate company listed on the London Stock Exchange, has expanded further throughout CEE. The acquisition of SB Property Services provides Savills with a market leading property management platform in the Czech Republic.
Ashurst LLP advised Segro on the redevelopment of part of the former PSA site of Aulnay-sous-Bois (France). After having advised Segro on the acquisition of this site, Ashurst has advised Segro on all the contractual aspects related to the drafting and negotiation of the lease agreement and the development contract of the logistic platform to be built for the purpose of the e-activity of Carrefour, developing a surface area of 26,000 sq.m. that can be extendable.
Watson Farley & Williams (“WFW”) has advised Frankfurt-based asset manager Prime Capital AG (“Prime Capital”) in relation to certain project structuring aspects and project management agreements for the Kvitfjell and Raudfjell (“Northern Light”) wind farm projects located near the Norwegian city of Tromsø.
Dentons has advised TLG IMMOBILIEN AG on the purchase of a nationwide portfolio of 27 follow-up care centres, supermarkets and discounters across Germany. The seller is an institutional fund, and the acquisition was structured as a share deal.
In total, the 27 retail locations generate an annualized rent of €6,5 million and the weighted average lease term of the rental agreements is 6.0 years. The property’s anchor tenants include REWE, EDEKA, Kaufland and Penny.
Pinsent Masons has advised on the sale of Porthaven Group Holdings (“Porthaven”) to Fremont Realty Capital (“Fremont”) and co-investors.
The deal was led by Partner Joanne Ellis supported by a team comprising Ed Stead, Carl Scott, Catherine Hemsworth, Mike Lakin, Oliver Morgan and Daniel Braithwaite.
Slaughter and May, Hong Kong, advised Wing Tai Properties Limited on the annual update of the US$1 billion Medium Term Note Programme of Wing Tai Properties (Finance) Limited, its wholly-owned subsidiary.
Notes issued under the programme are guaranteed by Wing Tai Properties Limited. HSBC and Standard Chartered Bank are the Arrangers under the programme.
Contacts
Roger Cheng (partner), Jocelyn Poon (associate), Nelson Ni (associate), Benedict Tang (trainee)
Jeantet advised Aroundtown, a real estate Luxembourg company whose property assets mainly based in Germany and in the Netherlands are worth around 7.8 billion Euros, on the delisting of its shares from Euronext Growth Paris (of which Aroundtown was the biggest value, with a market capitalisation of almost 5.8 billion Euros).
Macfarlanes has advised premium housing developer, Bewley Homes, on a £55m revolving credit facility provided by Lloyds Bank plc.
The facility will support the further acquisition and development of land to expand Bewley Homes’ property portfolio in prime locations across the South East of England.
Reed Smith was pleased to advise longstanding client London & Regional Properties (L+R) on the refinancing of its Atlas Hotel portfolio, consisting of approximately 50 hotels which it purchased for circa £575 million in 2016.
The refinancing was led out of London by Jimmy Theodorou, vice-chair of the firm’s Real Estate Group, in collaboration with real estate finance partner Fran Sepúlveda, harnessing Reed Smith’s strong and proven capabilities in real estate and real estate finance.
Pinsent Masons has advised Redefine International P.L.C., the FTSE 250 income focused UK-REIT, on the sale of the Leopard (German supermarket) Portfolio for EUR 205 million.
Redefine International disposed its indirect shares in 11 target companies and two single assets by means of a mixed asset and share deal including the transfer of existing loans. Patrizia Alternative Investments GmbH acquired the portfolio for a foreign pension fund.