Reed Smith has advised longstanding client London & Regional on the real estate aspects of the refinancing of its London HQ premises at 55 Baker Street.
The mixed-use building comprises over 500,000 sq ft of offices, restaurants, apartments and retail in Central London, and includes tenants such as BDO, Knight Frank and Oliver Wyman.
Global law firm Dentons has advised Berlin Hyp AG and Deutsche Postbank AG in three parallel financing transactions to fund Bauwfonds European Real Estate Parking Fund III’s acquisition of a real estate portfolio consisting of car parks in France, the Netherlands, Spain, UK and Germany.
CMS has advised Lendlease and London and Continental Railways, joint venture partners of International Quarter London, on the relocation of Cancer Research UK and The British Council to the International Quarter London development, located next to the Queen Elizabeth Olympic Park, Stratford.
Cancer Research UK and The British Council will jointly occupy the majority of the third commercial building to be built at International Quarter London totalling 280,000 sq. ft., bringing the total number of people soon to be working at the development to over 8,000.
Taylor Wessing has represented Tritax Big Box REIT plc on its recent agreement on a £90m loan with PGIM Real Estate Finance to further fund asset acquisitions. The new long-term, interest only, fixed rate term loan is secured against a portfolio of three standing assets and one forward funded asset.
Baker McKenzie law firm has advised Société Générale Corporate & Investment Banking within the framework of the implementation of mortgage financing facilities for OPCI French Wholesale Stores, represented by the management company, Amundi Immobilier and advised by Franklin.
On February 8, 2017, Credit Suisse launched a new mortgage fund "Swiss Mortgage Fund I" (the Fund) which is authorised by the Swiss Financial Market Supervisory Authority FINMA and managed by independent asset manager Tavis Capital AG (Tavis). The Fund allows qualified Swiss investors to invest in a portfolio of income producing real estate mortgage loans originated by Credit Suisse.
Trowers & Hamlins LLP has advised Angel Gardens Property Company Limited on an £85m senior loan facility with Deutsche Pfandbriefbank AG to finance the development of a landmark 34-storey tower, comprising 466 premium private rented sector (PRS) apartments, in Manchester city centre.
On 15 December 2016, a team drawn from the Banking and Finance, Capital Markets practice and the Tax practice at Egorov Puginsky Afanasiev & Partners successfully completed their work to provide comprehensive legal support for Bank Saint Petersburg’s first mortgage asset securitisation deal, with a total value of RUB 3.7 billion.
Lenz & Staehelin acted as counsel to the originator, Crédit Agricole Financements (Suisse) SA, in relation to one of the first securitizations of mortgage-backed loans in Switzerland in recent years. The mortgage-backed securities have been issued by a special purpose vehicle in Switzerland and have been placed with Swiss institutional investors. These senior debt tranches have been rated AAA by two international rating agencies.
Leading global law firm Baker McKenzie advises on the first Residential Mortgage Backed Securitisation (RMBS) originated by Crédit Agricole Financements (Suisse) SA, a Swiss retail banking arm of Credit Agricole group. The CHF 200 million (equivalent of approximately GBP 156 million) transaction is one of the first RMBS in the Swiss market for many years, following recent changes to the tax legislation and recognition of the concept of trust under Swiss law. Baker McKenzie acted as counsel to arranger Crédit Agricole CIB as to Swiss law and English law.