Slaughter and May advised London Resort Company Holdings (LRCH) on the entry into a binding option agreement with Lafarge Tarmac Cement and Lime Limited for the purchase of 388 acres of land on Swanscombe Peninsula, Kent.
OLSWANG advised Dream Global REIT on the 95.7m acquisition and funding of a commercial property, Millerntorplatz 1 in Hamburg St. Pauli. Seller of the property is the CS Euroreal fund of Credit Suisse. The closing of the transaction which has been structured as an asset deal shall take place end of January 2015.
The building has been constructed in 1997 and comprises a total of 35,000 sqm rental area of which 88% is leased. Anchor tenant is Deutsche Rentenversicherung, Knappschaft Bahn See.
Ashurst advised WCM Beteiligungs- und Grundbesitz-AG ("WCM AG"), Frankfurt am Main, comprehensively on its successful resumption of operations. Ashurst advised both on the implementation of a combined cash and non-cash capital increase from authorised capital and the strategic realignment of the company, as well as on the acquisition and financing of a real estate portfolio comprising four commercial properties for a total price of €80.9 million. Rental income totals approx. €5.7 million p.a.
Allen & Overy LLP advised Deutsche Annington in connection with a syndicated bridge facility for the financing of the cash portion of a voluntary public takeover offer (combined cash and share exchange offer) by Deutsche Annington for Gagfah shares.
DLA Piper has advised real estate company Octagon Residential S.à.r.l. on the refinancing of a German residential portfolio. Octagon was refinanced by a comprehensively secured senior loan by Deutsche Pfandbriefbank in the amount of 36 million Euro and a subordinated secured mezzanine tranche.
Recently, the syndicate consisting of DBS and UOB has successfully provided a syndicated loan in an aggregate amount of hundreds of millions of RMB to Grand Millennium Beijing under City Developments Limited. The Zhong Lun team, led by Shirley Lu (partner) and also composed of Jianwei Yang and Feifei Qiu (associates) from Shanghai Office, acted as legal counsel for the syndicate and provided full-range legal services for this re-financing project.
Macfarlanes has advised LaSalle Residential Finance fund on a £50m loan to refinance and redevelop the University Arms Hotel in Cambridge.
LaSalle Investment Management were the investment adviser to the fund.
Historically focusing on the development of London residential and UK student accommodation, this is the fund’s first financing in the hotel sector.
The Macfarlanes team was led by head of the real estate finance group Colin Morgan. Real Estate partner Clare Breeze led the property aspects of the transaction.
Norton Rose Fulbright has advised on the £1.35 billion financing for Phase 2 and Phase 3 of Battersea Power Station, one of the largest UK real estate financing transactions to take place in recent years.
Baker & McKenzie has advised the lenders on the GBP1.35 billion financing of the Battersea Power Station, one of the largest real estate financings in the UK in recent years.
The Firm advised CIMB Bank Berhad, Labuan Offshore Branch, Maybank Kim Eng Securities Pte Ltd, Standard Chartered Bank, and Standard Chartered Saadiq Berhad as the mandated lead arrangers, bookrunners and joint coordinators on the financing. Battersea Power Station is an iconic decommissioned coal-fired power station located on the south bank of the River Thames in London.
Macfarlanes has advised on its first deal for Legal & General’s lending arm, LGIM Commercial Lending Limited on a £37.5m, 10 year loan, secured against Hilton London Heathrow Airport Terminal 5 hotel.
The deal is the first hotel lending transaction completed by LGIM Commercial Lending Limited. Located just one mile from Terminal 5 and within easy access of the M25, the 350-bed hotel is operated by the borrower with a franchise agreement with Hilton.