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Banking & Finance - Real Estate Finance

Macfarlanes advises ING and Santander on a £64m facility to fund the acquisition of Bond Street House

03 Jul 2014

Macfarlanes has advised ING and Santander on a £64m facility to fund the acquisition of Bond Street House by specialist real estate management firm Meyer Bergman, the pan-European investment manager specialised in retail real estate.

Bond Street House is a prime location property, on Bond Street in London’s Mayfair and comprises high end office and luxury retail space.

The Macfarlanes team was led by banking and finance partner Jat Bains, with real estate partner Clare Breeze.

Dentons Real Estate Group represents AFI Europe on refinancing of AFI Palace Cotroceni Romania

25 Jun 2014

Dentons’ Global Real Estate team acted for AFI Europe on the €220 million refinancing of AFI Palace Cotroceni located in Bucharest, Romania. The negotiations of the transaction, which may be the largest scale financing transaction in the region during the last few years, with a consortium of four banks (Deutsche Pfandbriefbank AG, Erste Group Bank AG, Raiffeisen Bank International AG and Raiffeisen Bank SA), was completed in record time and is considered by AFI Europe and Dentons a major achievement.

Dentons advises 421 Kent Development in New York real estate financing

19 Jun 2014

A Dentons Corporate and Real Estate team advised 421 Kent Development in obtaining a US$165 million multi-draw senior secured credit facility. Secured from an affiliate of New York investment management firm Fortress Investment Group, the loan supports the construction of a 216-unit luxury residential condominium project in Williamsburg, Brooklyn. Documentation for the facility closed on June 10, 2014.

Eversheds advises Deutsche Asset & Wealth Management on West End acquisition finance deal

22 May 2014

Eversheds has advised Deutsche Asset & Wealth Management (DeAWM) on the financing for the £43m acquisition of 1 Queen Anne’s Gate Buildings in London’s West End. The property was acquired by international investor-developer Quadrum Group and private equity real estate firm Henley.

1 Queen Anne’s Gate Buildings is an eight storey, 67,000 sq ft office block, located on Dartmouth Street close to St. James’s Park. Henley will also act as development manager for the property.

Ashurst advises pbb and ERGO on the financing of building project Schwabinger Tor in Munich

14 May 2014

Ashurst advised a consortium comprising pbb Deutsche Pfandbriefbank AG and ERGO Lebensversicherung AG on the financing of the new urban quarter "Schwabinger Tor" in Munich. Real estate company Jost Hurler Beteiligungs- und Verwaltungsgesellschaft GmbH & Co. KG (Jost Hurler) is the borrower. The financing volume amounts to approximately €388 million.

Global Dentons team closes US$210 million facility for Apollo Commercial Real Estate Finance affiliate

09 May 2014

A global team comprised of partners, counsel and associates from Canada, UKMEA and the US closed a US$210 million senior secured credit facility for an affiliate of Apollo Commercial Real Estate Finance, Inc., relating to a portfolio consisting of high-end and luxury condos, homes and apartments. This five-year deal includes 229 properties and is secured by both real property and equity pledges from sponsors across 10 US states, as well as Canada, the UK, Turks and Caicos, the Bahamas, Costa Rica, Mexico, Grand Cayman and the British Virgin Islands.

Clifford Chance advises Carrefour on the creation of Carmila and Carmila on the acquisition of 126 shopping centers in Europe

30 Apr 2014

Clifford Chance advised Carrefour and Carmila in relation to the acquisition of 126 shopping centers in France, Spain and Italy owned by Klépierre and valued €2 billion on the market.

The company CARMILA created by Carrefour and co-investment partners is dedicated to enhancing the value of the shopping centers adjacent to Carrefour hypermarkets in France, Spain and Italy.

CARMILA owns a portfolio of 171 shopping centers comprising: