International legal practice Osborne Clarke has acted for Summit Developments Limited (Summit), the lead appellant in a landmark appeal to the Supreme Court. The Supreme Court’s decision is expected to bring long-overdue clarity to the correct application of the test for determining when a “recreational right” can qualify as an easement.
Ashurst advised Warburg-HIH Invest Real Estate (Warburg-HIH Invest) on the sale of the office property "Ideen-botschaft" in Düsseldorf to Patrizia. Warburg-HIH Invest sold the building it had acquired in 2007 for its fund "Pan-Europa-Fonds Nr. 3".The parties have agreed not to disclose the selling price.
Ideenbotschaft, revitalised in 2008, is located on Roßstraße and has a gross lettable area of around 12,700 square meters plus 127 parking spaces and is fully let. The main tenant is the marketing agency Gray Düsseldorf GmbH.
Dentons has advised Skanska on the sale of four office buildings in three Polish cities to real estate fund manager Niam. The properties include the High5ive complex in Krakow (two buildings), Nowa Fabryczna in Lodz, and Green2Day in Wroclaw.
Opened in October 2017, the seven-storey Nowa Fabryczna in Lodz offers over 21,500 sq.m. gross leasable area and 210 parking spaces leased to tenants such as Fujitsu, Whirlpool, Cybercom. KPMG, BSH and McCormick.
Following the announcement on 12 December 2017 that Unibail-Rodamco SE ("Unibail-Rodamco") had agreed to acquire Westfield Corporation ("Westfield"), on 7 June 2018 it was announced that the acquisition had completed, creating Unibail-Rodamco-Westfield in a transaction valued at USD 24.7 billion (enterprise value).
Munich/Prague - Munich-based Leonhard Moll Betonwerke GmbH & Co KG has acquired ZPSV a.s., together with its subsidiaries and production sites in the Czech Republic, Bulgaria and Slovakia, from the Spanish OHL Group.
A German-Czech CMS team led by M&A lawyers and partners Dr Martin Kolbinger and Helen Rodwell and supported by the CMS offices in Bulgaria and Slovakia advised Leonhard Moll Betonwerke GmbH & Co KG on all legal aspects of the transaction in the Czech Republic, Bulgaria, Slovakia and Germany.
Global law firm Greenberg Traurig, LLP represented Elementia, S.A.B. de C.V. (BMV: ELEMENT*), a Mexican manufacturer of building materials for the construction sector, in connection with a U.S. $400 million unsecured revolving credit facility. The proceeds from the facility will be used for general corporate purposes.
BBVA Bancomer, BNP Paribas, Citibanamex, ING Bank, MUFG Bank, Scotiabank and Sumitomo Mitsui acted as administrative agents of the facility.
Sidley has represented Shougang Concord Grand (Group) Limited (HKEX: 0730) (Shougang Concord Grand) on several transactions including the acquisition of 43.62 percent stake in Beijing West Business Factoring Company Limited for approximately RMB75 million; the acquisition of 85.71 percent in Jingji Cooperative Development Demonstration Zone (Tangshan) Fund Management Co., Limited for RMB1.5 million and; a capital contribution of RMB200 million in Beijing Jingxi Supply Chain Management Co., Limited.
France-based fund company Sofidy has acquired a retail property in Freiburg im Breisgau for its real estate fund Immorente. International law firm Clifford Chance has again advised Sofidy on this transaction.
The retail property is located north of Freiburg's old town in the city's largest industrial and commercial area. Offering 10,000 square meters of space and 130 parking spaces, the property is fully let to furniture discounter Roller and McDonald's.
Linklaters has advised NIAM on the acquisition of 4 office buildings from Skanska the 18,000 square meter Green2Day office building in Wroclaw, the seven-storey, 21,500 square meter Nowa Fabryczna office building in Lodz and the first two buildings of the High5ive complex in Krakow, consisting of five office buildings with a total leasing area of about 70,000 square meters. Legal work included advising on real estate, corporate, IP and copyright, zoning and construction law related matters as well as on the financing of the acquisition structure and tax related advice.
Sidley has advised on another successful listing of property management businesses of Hong Kong-listed property developers: the listing of Country Garden Services Holdings Company Limited (HKEX: 6098) (Country Garden Services), a subsidiary of Country Garden Holdings Company Limited (HKEX: 2007) (Country Garden Holdings), on the Main Board of the Stock Exchange of Hong Kong Limited (HKEX) by way of introduction.