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Banking & Finance - Real Estate Finance

Niam: Finance Transaction in Relation to Sale of Properties

08 Oct 2014

We advised Niam in a finance transaction relating to a sale of more than thirty real estate properties located in Finland. The execution of the finance transaction was a prerequisite for a transaction where Niam sold office and retail properties in Finland with a total leasable area of over 154,500 m2. The secured credit facility was provided by Aareal Bank AG.

Our team, which was praised for its work on the project, was led by Partner Tero Tuomisto and also included Associates Kalle Maijala (Banking & Finance) and Paula Tuononen (Corporate Advisory & Tax).

Wragge Lawrence Graham & Co advises PIC on £114 million investment into University of London accommodation

29 Sep 2014

Wragge Lawrence Graham & Co has advised Pension Insurance Corporation (PIC) on its £114 million investment in the University of London's flagship student accommodation project in central London.

PIC, a specialist provider of insurance solutions for defined benefit pension funds, has provided the multimillion-pound loan to finance the redevelopment of the Garden Halls Residences in Cartwright Gardens, Bloomsbury.

Ashurst advises Deutsche Pfandbriefbank on a £100m financing facility

18 Sep 2014

Ashurst has advised Deutsche Pfandbriefbank AG, a leading specialist bank for real estate financing and public investment finance, on a £100 million financing facility secured by the Frenchgate Shopping Centre in Doncaster.

Frenchgate, ultimately owned by Patrick McKillen, Padraig Drayne and affiliates of Colony Capital, LLC., is a recently refurbished regional shopping centre measuring approximately 800,000 square feet. The property, which is 95% occupied, features over 120 known national and international retailers.

Norton Rose Fulbright advises on acquisition financing of prime office building in Warsaw

08 Sep 2014

Norton Rose Fulbright has advised ING Bank Slaski S.A. in connection with a loan facility made available to Hines for the acquisition of a prime office building in Warsaw.

Hines is a leading US real estate firm involved in real estate investment, development and property management worldwide.

The property was purchased by the Hines Poland Sustainable Income Fund.

The facility was used to finance the acquisition of the Ambassador office building in Warsaw, Poland.

Trowers & Hamlins advises Cherwell District Council on UK's first large-scale, self-build housing project

02 Sep 2014

Trowers & Hamlins has advised Cherwell District Council on the multi-million pound acquisition and financing for the UK's first large-scale, self-build housing project.  The firm advised the Council on its use of an innovative ownership and funding structure to purchase a 187-hectare site in Bicester, Oxfordshire from the Defence Infrastructure Organisation.  The purchase plans were initially announced by the Council in March 2014 and the deal closed in August 2014.

Mayer Brown advises Bank of America Merrill Lynch on €100m senior facility agreement to Invista European Real Estate Trust

28 Aug 2014

London - Leading global law firm Mayer Brown has advised Bank of America Merrill Lynch (BAML) as senior lender on a €100m senior facility agreement to Invista European Real Estate Trust, a European commercial property trust.

The €100m senior facility agreement is part of a €222m whole loan which was arranged by Blackstone Real Estate Debt Strategies for Invista.

The properties and security for the senior facility agreement is comprised of 30 diversified commercial properties located throughout France and Germany, as well as Spain, Netherlands and Belgium.

Ashurst advises pbb Deutsche Pfandbriefbank in relation to the financing of the acquisition and the redevelopment of a building complex in Munich's new 'Werksviertel' by Westbrook Partners Group and Fiduciary Capital GmbH

26 Aug 2014

Ashurst advised pbb Deutsche Pfandbriefbank on the financing of the acquisition and the redevelopment of a commercial real estate building complex in Munich's new 'Werksviertel'. The bank provided the buyer, a special-purpose vehicle held by Westbrook Partners Group, with a loan in an amount of up to €63 million in relation to the financing of the acquisition and the subsequent redevelopment by Fiduciary Capital GmbH as project developer. The transaction was completed in June 2014.