Macfarlanes has advised main market listed commercial property fund Regional REIT on its issuance of £50m of bonds with a fixed interest rate of 4.5 per cent per annum and maturity date of 2024.

The bonds will be admitted to the London Stock Exchange for trading on its regulated market and through its electronic Order book for Retail Bonds.

Regional REIT has issued the bonds in order to refinance certain external group debt facilities, diversify the group's funding sources and to spread the maturity profile of the group's debt.

International law firm Pinsent Masons has advised Laing O’Rourke Australia on its sale of Austrak to Vossloh

Laing O’Rourke Australia has agreed to sell its concrete rail sleeper manufacturing specialist business to Vossloh Australia, subsidiary of global rail technology company Vossloh AG. The purchase price of the transaction upon closing is approximately AU$50.5 million.

International law firm Simmons & Simmons has advised Sidra Capital on the acquisition of BrandLoyalty’s headquarters in Den Bosch, the Netherlands for €42.8m. The Dutch real estate team, led by Rob Hendriks and Luc Cohen, supported Sidra Capital with the purchase from a private investor.

Slaughter and May is acting for the independent directors of Arsenal Holdings PLC (“Arsenal”) in connection with the all-cash offer by KSE, UK, Inc. (“KSE”) for the shares of Arsenal not already owned by KSE. At the time of announcement of the offer, KSE, a company wholly-owned and controlled by Stanley Kroenke, owned approximately 67 per cent. of Arsenal.  The offer was announced on 7 August.
Contacts

Corporate: Andrew Jolly (partner), Paul Mudie (partner), Francesca Harris (associate), Theo Taylor (associate)

Watson Farley & Williams (“WFW”) advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships. The Seaside EVO represents the larger, evolution of MSC Cruises’ existing Seaside class ships.

Real Estate investor BNP Paribas REIM has acquired a portfolio of three modern IBIS hotels in the region of Munich, with a total of 410 bedrooms, on behalf of funds investors Opus Real and OPCI Diversipierre respectively. A new 20 year lease agreement has been signed with a longstanding IBIS francisee existing since 1996 for the three assets.

International law firm Clifford Chance has advised BNP Paribas REIM on the acquisition, establishment of the purchase vehicle and the financing of this transaction.

International law firm CMS has advised AXA Investment Managers - Real Assets on its agreement with insurance group Hiscox (HSX.L) who have taken up space in City of London tower Twentytwo, signing a 19-year lease over three floors of the building. It will become Hiscox’s principal office in London.

Montréal—Dentons is pleased to announce that Manon Harvey has joined the Firm as a tax partner in our Montréal office. Her practice focuses on Canadian and US sales and use tax.

For the last fifteen years, Manon has represented Canadian and American companies in various sectors, such as construction, retail, entertainment and technology. Manon and her team are eager to provide Canadian tax insights to clients and colleagues worldwide in regards to GST, HST, QST and PST.

Lisa Williams has rejoined McGuireWoods’ public finance practice as a partner in Charlotte, bringing significant experience advising clients in governmental and private bond financings.

Williams returns to the firm after three years at Wells Fargo, where she was senior capital markets counsel supporting the bank’s public finance line of business. As an associate and partner in McGuireWoods’ Richmond office from 2003 to 2015, she represented local governments, state agencies and private entities in bond financings.

Kevin Poloncarz has joined Covington as a partner in its Energy Industry Group in San Francisco.