Shearman & Sterling advised Citycon Oyj (Citycon) in connection with its issuance of €300 million 2.375 percent guaranteed notes due 2027 and tender offer for up to €300 million of its outstanding notes.
The notes were issued on September 3, 2018 by Citycon’s wholly owned subsidiary, Citycon Treasury B.V., and guaranteed by Citycon under its €1.5 billion Euro Medium Term Note Programme.
A team led by Dr. Peter Vocke advised Domicil Real Estate Group on the sale of a portfolio consisting of eight existing properties, mainly in A-list cities with a total of almost 500 apartments. The portfolio, worth EUR 86 million, was bought by cooperation partner Wealthcap for its first fund, “Spezial Wohnen 1.” The properties are located in Düsseldorf-Hellerhof, Hamburg (Wandsbek and Borgfelde), Berlin (Treptow-Köpenick), Bielefeld-Jöllenbeck, and Gelsenkirchen-Mitte.
Leading global law firm Baker McKenzie successfully supported IHAG Holding in their acquisition of the Widder Hotel AG, which it will integrate in its brand «The Living CircleAll related properties are acquired by Swiss Life.
Gide has advised Les Nouveaux Constructeurs (LNC) and Aermont Capital LLP (Aermont) on their entering into exclusive negotiations with Rabobank and its subsidiary BPD Europe for the acquisition of property development group BPD Marignan.
Following this transaction, BPD Marignan will be held by a joint company owned 60% by LNC and 40% by a property investment fund advised by Aermont.
TLT has supported NJOY Student Living with the acquisition and funding of a 298-bed apartment block at Carr Mills in Leeds, expanding its portfolio.
The company, which currently operates three sites in Manchester, secured a £15.6m funding boost and bought the existing private rental units for £11.65m.
Having grown significantly over the last six years, NJOY's move into the Yorkshire market means it now has more than 500 student beds across both cities.
International law firm Trowers & Hamlins has advised longstanding client Global Net Lease (GNL) on its £230 million refinancing which closed on 16 August.
The deal puts in place new debt for GNL's entire UK property portfolio, which consists of large, single-let buildings, let to anchor tenants including Amec Foster Wheeler, Harper Collins and Fujitsu on long leases. The financing was led by Lloyds, acting as agent and arranger, with a £130m participation by PGIM Real Estate.
Berwin Leighton Paisner* has advised Allianz Real Estate, on behalf of Allianz Lebensversicherungs-AG, on the sale of the landmark property Hanseviertel to CBRE Global Investors.
Jones Day advised Greystar Real Estate Partners, LLC in a recapitalization of its and PSP’s Chapter portfolio of student accommodation properties, one of the largest in Central London, by consolidating the portfolio under a new joint venture in which Allianz acquired an interest. Simultaneously, Jones Day advised the new joint venture on their entry into new debt financings relating to the portfolio.
Contact: David Smith, Giles P. Elliott, Emily Stew
The Warsaw office of Greenberg Traurig, LLP advised IREEF managed by Invesco Real Estate on the sale of the enterprise, i.e. IREEF-Crown Square Warsaw PropCosp. z o.o., owner of the Crown Square office building to M&A Capital.
Crown Square Building is in the immediate vicinity of the Rondo Daszynskiego underground station. It offers over 16 thousand square meters of modern office space and 236 parking spaces. The office building was rated “Excellent” in the BREEAM system.
Linklaters has advised Panattoni on the contract to build a warehouse project in the build-to-own (BTO) formula for Intersnack, owner of brands such as Felix, Crispers and Przysnacki. The facility totalling in excess of 10,000 sqm will be built in Nysa, in the vicinity of the company’s existing factory. The two facilities, old and new, will be connected by an elevated passageway for transporting goods, at 4.5 m above ground level.