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Banking & Finance - Real Estate Finance

Shoosmiths advises commercial vehicle specialists on £6m expansion funding

11 May 2015

MV Commercial, which operates a contract hire fleet of over 850 vehicles and sells around 40 vehicles per month, has locations in Livingston, Manchester and London and employs more than 100 staff. The firm is one of the main UK providers in the specialist commercial vehicle rental market, and is currently expanding its lorry-mounted crane and tipper-grab fleets to meet increasing customer demand.

Shoosmiths partners Stuart Murray and Alison Gilson and real estate finance specialist Sheelagh Cooley advised on the deal.

Ashurst advises Cerberus on refinancing its Metro retail properties portfolio

30 Apr 2015

Ashurst advised affiliates of Cerberus Capital Management L.P on refinancing their Metro wholesale-retail properties portfolio. Citigroup in London provided the loan.

Cerberus Gruppe acquired the 42 Metro Cash & Carry wholesale-retail properties and three further retail properties in April 2011 from the family offices of the majority shareholders of Metro AG, the Beisheim, Haniel and Schmidt-Ruthenbeck families. At the time, the transaction was considered one of the largest property acquisitions in Germany since 2007.

Linklaters advises The Royal Bank of Scotland PLC on an asset-based finance structure

30 Apr 2015

Linklaters has advised The Royal Bank of Scotland PLC on its involvement in an innovative asset-based finance structure set up together with the originating German bank, regarding an asset portfolio consisting of loans in GBP secured by UK real estate. The (replenishable) asset portfolio is sold and transferred to a Luxembourg special purpose vehicle . The assets are registered in the refinancing register of the originator in order to ensure that the assets would not be affected by an insolvency of the bank.

DLA Piper advises Aareal Bank on €530 million senior financing

29 Apr 2015

DLA Piper has advised Aareal Bank AG on the provision of a €530 million senior financing for the acquisition of a €1.1 billion pan-European office portfolio by NorthStar Realty Finance Corp., a real estate investment trust that is headquartered in New York. Aareal Bank acted as Arranger, Agent and Sole Underwriter for the €530 million seven-year senior facility.

Trowers & Hamlins advises new client on the acquisition of the New Oxford Street Estate

28 Apr 2015

Trowers & Hamlins is pleased to have advised Triangle Investments and Developments Limited on the financing of the acquisition of retail, office, leisure and residential accommodation on New Oxford Street, London.

The firm's Banking and Finance team was instructed by new client Triangle Investments and Developments Limited to act on the £11.4 million financing of the New Oxford Street Estate from debt fund manager Aeriance Investments S.a.r.L.

Dentons advises Aventicum Capital Management on the acquisition of two Polish companies

20 Apr 2015

Dentons advised Aventicum Capital Management (Switzerland) on its acquisition (through its affiliates) of two Polish companies from the Layetana Group (SPVs), comprising the Mozaika Mokotow and sPlace residential projects located in Warsaw, Poland. As part of this transaction, Aventicum also acquired certain loan facilities and receivables towards SPVs from the banks financing the development of both projects, i.e. KBC Bank NV and Bank Zachodni WBK S.A. Several phases of the residential developments have been completed, and a significant number of apartments have been sold.

Norton Rose Fulbright advises on EUR193m refinancing of premium shopping centre in Cracow, Poland for TriGranit

10 Apr 2015

Warsaw: Global legal practice Norton Rose Fulbright has advised ING Bank Slaski S.A., ING Bank N.V. and ING Bank N.V. London Branch on a EUR193m facility made available to TriGranit to refinance existing indebtedness of the Bonarka City Centre shopping centre in Cracow, Poland.

TriGranit is a leading real estate firm which handles real estate investment, property development and property management.

Trowers & Hamlins advises Adactus on innovative development financing with L&G

08 Apr 2015

Trowers & Hamlins has advised Chorley Community Housing (CCH), a subsidiary of Adactus Housing Group, on securing a £50m loan from Legal & General (L&G).  The loan will fund a pipeline of 814 new homes over the next three years in the North West of England.

Trowers & Hamlins is delighted to have advised Chorley Community Housing (CCH), a subsidiary of Adactus Housing Group, on securing a £50m loan from Legal & General (L&G).  The loan will fund a pipeline of 814 new homes over the next three years in the North West of England.

Ashurst advises Deutsche Pfandbriefbank on major Swedish retail property deal

20 Mar 2015

Ashurst advised Deutsche Pfandbriefbank AG in connection with the financing of the acquisition of one of Sweden's leading shopping centres, Skärholmen Centrum, by funds advised by Grosvenor Fund Management.

Situated in one of Sweden's growing regions, Skärholmen Centrum is ranked in the top four shopping centres in the country by footfall, with 14 million visitors a year. The transaction is one of the biggest commercial real estate transactions in Sweden recently.

Irwin Mitchell Advises On £5m Funding Deal For Eric Wright Group

18 Mar 2015

Irwin Mitchell’s Banking & Finance team has advised on a £5m funding deal for construction, property, engineering and facilities management firm, Eric Wright.

The Eric Wright Group, whose turnover was £153 million as at the end of 2013, will use the funding from Santander Corporate & Commercial to support the acquisition of new landbanks for development, help expand its fast-growing residential property unit, and also help capitalise on opportunities in the public sector, including from the NHS.