The first closing of the ECE European Prime Shopping Centre Fund II was successfully completed on 13 October 2014 with a total investment of about EUR 500m.  P+P Pöllath + Partners provided comprehensive legal and tax advice to the fund management, the ECE Real Estate Partners.

The following Frankfurt P+P team advised ECE Real Estate Partners:

  * Dr. Andreas Rodin (partner, private funds)
  * Patricia Volhard (partner, private funds)
  * Dr. Peter Bujotzek (counsel, private funds)

Shareholders of Aedifica, a Belgian listed real estate player specialising in residential real estate (senior housing in Belgium and Germany and apartment buildings in Belgium’s main cities), approved the change of status from a “public real estate investment company” (“openbare vastgoedbevak / sicafi publique”) to a “public regulated real estate company” (“openbare gereglementeerde vastgoedvennootschap / société immobilière réglementée publique”).

Davis Polk advised Construtora Norberto Odebrecht S.A. in connection with the construction and joint venture arrangements for the design, engineering, procurement, construction and commissioning of two “clean coal” fired thermoelectric power plants to be located in Punta Catalina, Hatillo, in the Dominican Republic. The power plants are being constructed on behalf of Corporación Dominicana de Empresas Eléctricas Estatales. The Project has been undertaken as a solution to the country’s electricity shortages and high energy prices.

Shoosmiths in Birmingham has advised developer Court Collaboration on two Chinese-backed real estate deals in the city in two months. The latest deal concerns the 1960's former Cadbury office building, Franklin House in Bournville, which is now being lined up for a high quality residential scheme with up to 96 units.

Shareholders of Warehouses De Pauw (WDP), a Belgian listed pan-European real estate player specialised in logistics and semi-industrial property, have approved the change of status from a “public real estate investment company” (“openbare vastgoedbevak / sicafi publique”) into a “public regulated real estate company” (“openbare gereglementeerde vastgoedvennootschap / société immobilière réglementée publique”).

Berwin Leighton Paisner (BLP) has acted for Stenham Property on the sale of interests in properties with a value of approximately €667m to Stenprop Limited (formerly known as GoGlobal Properties Limited), a vehicle listed on the Bermuda Stock Exchange and the Johannesburg Stock Exchange’s AltX market.

The transaction also included the acquisition of related property management businesses previously servicing funds managed by Stenham and GoGlobal.

Watson, Farley & Williams (“WFW”), has advised Deutsche Annington Immobilien SE (“Deutsche Annington”) on all employment law matters regarding the resale of 9,600 residential units from the former Vitus portfolio to a subsidiary of LEG Immobilien AG (“LEG”).

Dentons’ real estate team advised Atrium European Real Estate, a leading owner, operator and developer of shopping centers in Central and Eastern Europe, on the acquisition of the Focus Mall shopping center in Poland from Aviva Investors for €122 million. The transaction was financed using Atrium’s existing cash resources.

White & Case LLP advised Unibail-Rodamco, the commercial property company, on a long term lease agreement with AXA Investment Managers for the first 18 floors of Majunga tower.

Majunga is located in La Défense and the space will be available to AXA Investment Managers in 2015.

The White & Case team which advised Unibail-Rodamco was led by partner Brice Engel with support from associate Louise Duvernois.

Paul Hastings LLP, represented Ivanhoé Cambridge, the second largest pension fund in Canada, in the creation of a new partnership with Black Creek Group (Black Creek), a real estate private equity firm with extensive experience sponsoring real estate companies in Mexico.