Leading legal business DWF has advised Newcastle-based charitable theatre company Live Theatre on the acquisition, development and letting of its landmark Live Works building, located on Newcastle’s Quayside.
Leading global law Firm Baker & McKenzie has provided legal assistance to the purchase agreement and leaseback transaction of Landqart AG, a wholly-owned subsidiary of Fortress Paper Ltd. for the sale of its lands and buildings in Landquart, Switzerland, to GAM Investment Management AG on behalf of Procimmo Swiss Commercial Fund II Switzerland, for the aggregate purchase price of CHF 44,500,000.
AG's Manchester and Leeds Business Support and Restructuring team have completed a deal on behalf of Wrexham Glyndwr University which saw Wrexham Football Club take a long lease of its home stadium the Racecourse Ground.
The deal relieves the University from the substantial financial burden of running and maintaining the ground, and creates a healthy income stream for the University moving forward. It also gives certainty to the Football Club in terms of its own football and business operation.
Berlin—Global law firm Dentons advised MEININGER Holding GmbH regarding the conclusion of a lease for a hotel in the old town of Leipzig. The hotel was formerly leased by Accor Group under the brand Ibis Leipzig City. Altogether, the object has a floor area of more than 4,000 square meters. It will reopen, after a renovation at the beginning of next year, with a total of 126 rooms and more than 400 beds.
Allen & Overy said today that this landmark letting post-EU Referendum demonstrates that there are still deals of this scale closing, which may pave the way for others to follow.
The deal will see HM Revenue and Customs (HMRC) occupy One Ruskin Square, the first office building of the GBP500 million new development in Croydon that is being delivered by Schroder UK Real Estate (SREF) and its partner Stanhope.
NautaDutilh recently assisted the Brussels-Capital Region with an 18-year lease of the Belair building.
The Belair building will house the newly created BPS (Brussels Prevention Security) service. The building has 9,500 m² of office space, 35 parking places and an archival area of 3,700 m².
Frasers Hospitality Real Estate Investment Trust (“FH-REIT”), a Singapore-listed REIT with an investment focus in the hospitality industry and which is part of the stapled
group known as Frasers Hospitality Trust, has expanded its footprint to Germany with the execution of a sale and purchase agreement to acquire the Maritim hotel in
Dresden. The acquisition is expected to be completed in Q2 2016. The property is a 328-room hotel located in the historical city centre of Dresden, the capital of the
International law firm Withers is advising leading company SilverNeedle Hospitality Group on a major three hotel lease deal with the Queensland Investment Corporation (QIC), valued at over A$300 million.
Withers were the lead legal advisors for SilverNeedle in the multiple asset transaction with QIC for the lease and management of the properties, which will comprise approximately 770 new hotel guest rooms, spread over three properties:
Setterwalls has advised Kista Hotel Apartments in connection with establishment, financing and signing of a 20-year lease agreement with Kungsleden for a new apartment hotel in Kista Science City with approximately 170 rooms that amount to 6,000 square meters. The hotel will serve as a second home for weekly commuters and travelers from abroad on short term contracts.
Setterwalls’ team consisted of Håkan Fohlin, Tobias Öd and Girion Blomdahl
Ashurst has advised M&G Asia Property Fund, a major Asian property investor based in Singapore, on the acquisition and leaseback of two boutique "Art Series" hotels located in Melbourne (known as "The Cullen" and "The Olsen"), with a deal value of approximately A$150 million.
The Cullen on Prahran's Commercial Road and The Olsen on South Yarra's Chapel Street have 343 hotel suites between the two, and generate an initial base rent of $10.8m a year with other facilities including 1565m in retail space and basement parking for 123 cars.