London, UK -- Paul Hastings LLP, a leading global law firm, has advised Capita Asset Services (Ireland) Limited and Capita Asset Services (UK) Limited (together, “Capita Asset Services”) as servicer and special servicer on the refinancing of certain loans securitised through the Quokka Finance Plc CMBS.  The refinanced loans are securitised by a new €406.1 million CMBS issued by Monnet Finance Ltd. The refinanced loans are secured by a portfolio of mostly German multi-family residential properties in towns and cities including Berlin, Cologne and Nuremberg.

Earlier this year, Hong Kong property developer and long-standing client of the firm, Wing Tai Properties Limited, engaged Herbert Smith Freehills for advice on a US$464 million (HK$3.6 billion) financing deal for the development of a 318,076 sqft. residential development in Sha Tin, New Territories, Hong Kong.

Baker & McKenzie represented Komar Investments, Inc., a Florida corporation, as borrower's counsel in the $65 million refinancing of the South Beach Marriot Hotel in Miami Beach. The Hotel is owned by Komar Investments and managed by Marriott International, Inc.

Komar Investments is a joint venture owned by Omega Capital (50%) and by Key International Holdings, Inc. (50%). Omega Capital is a Spanish group of companies with interests in several real estate assets in the U.S.  The loan was granted by Citigroup Global Markets Realty Corp.

Ashurst advised pbb Deutsche Pfandbriefbank on refinancing two real estate portfolios owned by subsidiaries of Deutsche Annington SE. The portfolios known as "Roosevelt" and "Wilson", consisting of c. 6,400 units, are part of a total of 18 sub-portfolios known as Deutsche Annington's "Grand" portfolio. pbb Deutsche Pfandbriefbank is providing Roosevelt and Wilson with €280 million in total.

Ashurst has advised UniCredit Bank AG ("UniCredit") and French investment bank Natixis on the financing of the acquisition of the "Hallen am Borsigturm" shopping centre in Tegel, Berlin, by ECE European Prime Shopping Centre Fund. The seller is Vernal Asset 2BV belonging to Whitehall. The shopping centre has a sales area of 22,000 sqm, an office area of 15,000 sqm, an area of approx. 7,500 sqm for a hotel and 5,000 sqm for a cinema.

Irwin Mitchell Supports Multi-Million Pound Acquisition

The Wright Business Park at Carr Hill in Doncaster has been acquired by J3 Business Park Doncaster LLP in a multimillion pound deal.

The site, located near to Peglers and Bridon, comprises an area of 23 Acres and is occupied by a mix of local and national businesses including Hallgarten Wines Limited, Volkerail, Bridon and A & K Autospares.

The acquisition was funded following a new financial agreement with Santander Corporate & Commercial.
 

Ashurst has advised Aareal Bank on the extension of a financing of more then €271 million for a large European hotel portfolio. The portfolio comprises 18 hotels of the brands 'Holiday Inn', 'Holiday Inn Express' and 'Crowne Plaza' in Belgium, Germany, France, the Netherlands, Austria and Spain. The borrowers are special purpose vehicles of Canadian pension fund Ivanhoé Cambridge.

Clifford Chance advised ABN AMRO Bank NV in its role as lender of a loan to the Chalet Group for the construction of the Solliance Building, a high tech building located at the High Tech Campus in Eindhoven. Main tenant will be Solliance, which is a joint venture of TNO, TU Eindhoven, Holst Centre, ECN, imec and Forschungszentrum Julich, involved in the development of so-called roll-to-roll solar cell production.