Ashurst advised Natixis Pfandbriefbank AG as mandated lead arranger and bookrunner in relation to the arrangement of a seven-year €165 million mortgage loan granted to a London-based investment company managing funds from Middle East and Asia. The loan is related to an office property located in Dusseldorf, Germany.

The circa 51,000 sqm property is fully let to a blue chip tenant on a long term lease with approximately 15 years remaining.

Our Italy team advised UK-based clean energy investor Glennmont Partners in the €190 million refinancing of its 245MW Societa Energie Rinnvabili (SER) Italian wind portfolio through a listed bond – a first for the Italian wind sector.

DLA Piper has advised Allianz and ING on a EU160 million syndicate loan for the financing of a portfolio of industrial properties owned by CTP, a full-service commercial real estate developer and manager in the Czech Republic.

The loan serves both to refinance existing loans from a group of CEE banks and to finance new projects which have been completed in 2017. The refinancing with Allianz and ING is part of CTP's ongoing strategy to extend its network of financing partners, including seeking partners outside the CEE region.

International law firm Watson Farley & Williams (“WFW”) has advised the lenders as lead counsel in relation to a US$318m syndicated senior loan facility which finances the acquisition of five newbuildings built by Hanjin Heavy Industries and Construction Philippines, Inc, by certain subsidiaries of CMB Financial Leasing (“CMBFL”). The vessels will be bareboat chartered upon delivery to Seaspan Corporation, a NYSE-listed container management company, and then sub-chartered to a leading global container shipping company.

Ashurst advised HypoVereinsbank on the financing of the construction of the European headquarters for the Olympus Group, the "Olympus Campus", by Campus Properties 1 GmbH & Co. KG, a subsidiary of Zech Group GmbH. A new construction building with a lettable total area of 48.362 sqm is planned.

Norton Rose Fulbright has advised Alpha Bank on its second shipping securitisation, raising US$250 million. The transaction was arranged and financed by Citi.

The financing, a non-recourse 4-year term dollar funding, entailed a unique loan style structure and follows Alpha Bank’s shipping securitisation raising approximately US$500m in 2014, on which Norton Rose Fulbright also advised.

It is the only shipping securitisation transaction to be placed by a Greek bank and one of very few shipping securitisation transactions globally.

Shearman & Sterling advised Abu Dhabi Future Energy Company (Masdar) on the EU300 million financing for the largest wind farm in the Republic of Serbia. Due for completion in the first half of 2019, the 158 megawatt (MW) capacity Cibuk 1 wind farm will be the largest utility-scale commercial wind project in Serbia and the Western Balkans.

Ashurst advised BNP Paribas Securities Services as noteholders' representative, security agent, calculation agent and paying agent in connection with the project bond granted to CEF 3 Wind Energy, a company controlled by Glennmont Partners and PGGM Vermogensbeheer, to refinance part of CEF 3 Wind Energy's wind farm portfolio, which is one of Italy’s largest operating wind portfolios with 245 MW of installed capacity.

International law firm Watson Farley & Williams (“WFW”) advised long-standing client Royal Caribbean Cruises Ltd (“RCCL”) in relation to the ECA (“Export Credit Agency”) financing of two Project ICON cruise ships under order at Meyer Turku in Finland. It has been agreed not to disclose the value of the loan facilities

The ships of over 200,000 gross tons each are due to deliver in 2022 and 2024 respectively.

Global law firm Norton Rose Fulbright was the lead advisor to RES Australia on the development, financing and sale of the 68MW Emerald Solar Park in Queensland.  This project benefits from the first  PPA entered into by Telstra.

NAB and Westpac have provided project financing  and Lighthouse Infrastructure has acquired 100% of the project through its Lighthouse Solar Fund.