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Banking & Finance - Real Estate Finance

Ashurst advises on the acquisition and financing of Le Balthazar office building in France

21 Jun 2018

International law firm Ashurst advised French asset manager La Française Real Estate Partners, acting on behalf of Hyundai Investment Asset Management and a group of Korean investors, on the acquisition and financing of "Le Balthazar", an office building located in Saint-Denis, France.

The property develops circa 35,000 square meters over eight stories and is comprised of two wings, connected by an atrium. The office areas are 100% let to a leading telecommunications group, under a long-term lease.

Clifford Chance advises BNP Paribas REIM on the financing of the building located on 49-51 rue La Boétie in Paris

20 Jun 2018

Clifford Chance advised SCPI Accimmo Pierre, managed by BNP Paribas REIM, on the financing of the acquisition of the office building located on 49-51 rue La Boétie in the 8th arrondissement of Paris.

The building, entirely refurbished by Poste Immo, will house Bank of America Merrill Lynch's Paris headquarters in 11,000 m² of office space and has the Breeam, NF HQE, LEED and Effinergie Rénovation certifications.

A long-term financing was set up by SCPI Accimmo Pierre with a pool of banks arranged by Natixis.

Macfarlanes advises Pluto Finance on company’s largest residential development facility

14 Jun 2018

Macfarlanes has advised UK-based residential lender Pluto Finance on a 36 month £59.8m residential development facility to Sky Building No 1 Ltd, the largest loan that Pluto Finance has made to date.
The loan, arranged by broker BBS Capital, will be used to finance the development of New Horizons Court in Brentford, one of London’s largest residential development schemes, which will convert 140,248 sq ft of office space including Sky’s former headquarters into 268 flats.

DLA Piper advises Helaba on the financing of the acquisition of a German office portfolio

11 Jun 2018

DLA Piper has advised Helaba Landesbank Hessen-Thüringen (Helaba) on the financing of the acquisition of an office portfolio by Corpus Sireo Real Estate. The seller is Swiss Life and the parties have agreed not to disclose the purchase price and the amount of financing.

The 108,000 square metres portfolio financed by Helaba consists of eleven office properties located in Hanover, Essen, Düsseldorf, Neuss, Cologne, Mannheim, Oberursel, Neu-Isenburg and Frankfurt. With an area of 98,200 square metres, office space accounts for the largest share.

DLA Piper advises the lenders on Green Frog Power's £100m funding boost

31 May 2018

DLA Piper has advised Lloyds Bank plc, HSBC Equipment Finance and NIBC Bank NV on the £100 million financing of a portfolio of gas fuelled power stations owned by Green Frog Power.

The funding refinances 15 operational sites benefiting from capacity market contracts and provides additional development funding for 11 new sites to be built across the UK, from Plymouth to Newcastle. The £100 million facility also has an additional £50 million ‘accordion’ that allows for the funding and construction of another 110MW of plant.

Orrick Advises Tokyo Trust Capital and Meritage Properties on the Acquisition of an Office Building in D.C.’s Desirable East End

28 May 2018

Our Real Estate team represented a joint venture between Tokyo Trust Capital Co., Ltd., the advisor to a Japanese investor, and Meritage Properties, a New York real estate firm, in the $54 million acquisition and $25 million related financing of 1100 G Street, NW, in Washington, D.C. This 110,000 square-foot, eleven-story office building is located in the heart of Washington, D.C.’s East End submarket and is surrounded by some of the city’s best retail and entertainment options, including the Capital One Arena.

Greenberg Traurig Germany advises Brookfield-managed fund on the acquisition and financing of the SI-Centrum for 145 million euros

21 May 2018

Greenberg Traurig Germany advised a fund managed by Brookfield on the acquisition and financing of the Stuttgart International Centrum (SI-Centrum) in Stuttgart. For Brookfield, the acquisition of the SI-Centrum is the second major real estate acquisition in Germany after acquiring the Potsdamer Platz in Berlin at the end of 2015.

Clifford Chance advises TwentyTwo Real Estate on the acquisition and financing of the Nova building in La Garenne Colombes

21 May 2018

MRM has announced the disposal of the Nova property, located in La Garenne Colombes, near La Défense, to TwentyTwo Real Estate, acting for a co-investment vehicle jointly held with Massena Partners. Nova is a multi-tenant building with 10,600 m² of office space across 17 floors (254 parking spaces) which was the subject of a complete restructuring finished in 2012 at the end of which it obtained the HQE/NF tertiary building, HQE Exploitation and BREEAM in Use certifications.

The financing of the transaction was provided by BRED Banque Populaire.

Dentons advises Lloyds Bank on financing of 270m real estate acquisition of 5 Churchill Place London

15 May 2018

Dentons has advised Lloyds Bank plc on circa £175 million of senior real estate finance investment facilities to a special purpose vehicle within the Chen group of companies to acquire 5 Churchill Place in London's Canary Wharf. Mezzanine debt was provided by a large international multi-profile business conglomerate.