International legal practice Osborne Clarke has advised Ernst & Young on the rental of 7,000 square metres of office space in the Mannheim Glückstein-Quartier “No.1“. The lessor is the Düsseldorf project developer GERCHGROUP. Its move into the “No.1” in mid-2019, enables the auditing company to merge its existing locations at the Theodor-Heuss parkway and the Willy-Brandt-Platz.
The participant in the UEFA Champions League, Borussia Mönchengladbach, and H-Hotels AG are starting a joint hotel project. Punctually at the start of the 2018/2019 season of the German Football League, a H+ Hotel is supposed to be opened in the Borussia Park. The hotel investor is Borussia VfL 1900 Mönchengladbach GmbH, and the operator is the GvW client H-Hotels AG.
Allen & Overy advised COMMERZBANK Aktiengesellschaft in connection with a Japanese operating lease transaction including a call option (JOLCO) with Deutsche Lufthansa AG in respect of two Airbus A320-214 aircraft registered in Germany.
The JOLCO transaction, which is to involve Japanese equity and debt capital, was financed by COMMERZBANK Aktiengesellschaft, Tokyo branch. COMMERZBANK Aktiengesellschaft, Luxembourg branch acted as security agent.
Shoosmiths has advised world famous toy retailers Hamleys of London Limited on the leasing of a new retail premises at the Livingstone Designer Outlet Centre near Edinburgh.
Hamleys will occupy Unit 65 at the Livingstone Designer Outlet Centre in West Lothian. The new store signifies Hamleys continued investment into the Scottish market where it has seen stable growth.
Shoosmiths has advised world famous toy retailers Hamleys of London Limited on the leasing of a new retail premises at the Livingstone Designer Outlet Centre near Edinburgh.
Hamleys will occupy Unit 65 at the Livingstone Designer Outlet Centre in West Lothian. The new store signifies Hamleys continued investment into the Scottish market where it has seen stable growth.
Leading legal business DWF has advised the UK’s largest high street insurance broker, Swinton Group, on the relocation of its Greater Manchester headquarters and contact centre. The insurer has agreed the lease of a 165,000sq ft space across ten floors in Salford’s landmark Embankment development.
Slaughter and May is advising Derwent London on the pre-let of the top two floors at The White Chapel Building, London E1 to the Secretary of State for Communities and Local Government. The premises will be occupied by the Government Digital Service (“GDS”) on a ten-year lease at an annual rent of £2.8 million. We also advised on the four previous pre-lets of the Building.
John Burns, Chief Executive Officer of Derwent London, commented:
DLA Piper has advised WeWork on the letting of office space measuring 62,000 sq ft at Aldwych House. The 20 year lease for the property has been agreed with its owners, GI Partners and Rowan Strategic Asset Management. The new facility will open as of summer of 2017, with WeWork planning on a further 10 developments in London by 2017.
Herbert Smith Freehills has advised the successful Lonsdale Consortium comprising the Future Fund, QIC, Global Infrastructure Partners (GIP) and OMERS on the acquisition of a 50-year lease of the Port of Melbourne from the Victorian Government.
The acquisition is one of the most significant transactions in the Australian market this year.
Deutsche Telekom AG (Telekom) is expanding its data center in Biere/Saxony-Anhalt. The Telecom group headquartered in Bonn began by laying the cornerstone for this large project this week. GvW Graf von Westphalen has advised Telekom in the contract negotiations and structuring of the real estate leasing contract with an obligation to build.