RTPR Allen & Overy has advised Mitiska REIM, through its local vehicle, in relation to the acquisition of a property located in Brasov, where a retail store is located. The transaction was structured as an asset deal and was signed at the end of May.
Mitiska REIM is a Belgian privately held specialist real estate investment and fund management which invests exclusively in the niche of retail parks in Europe.
Womble Bond Dickinson (WBD), has advised Places for People Group Limited (PfP) on a £160m asset sale for the disposals of a portfolio of stabilised private residential stock.
Universities Superannuation Scheme (USS) and PfP entered into a joint venture agreement to invest in the UK private rented sector (PRS). USS will provide the core funding for the partnership whilst PfP Capital will act as Asset Manager, with Touchstone, managing the portfolio on a day-to-day basis.
International law firm CMS has acted for AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), the leading real estate portfolio and asset manager in Europe, on its agreement, on behalf of clients, to sell Ropemaker Place, a prime office building in the City of London, to a subsidiary of Singaporean-listed company Ho Bee Land, for £650 million.
International law firm Ashurst advised French asset manager La Française Real Estate Partners, acting on behalf of Hyundai Investment Asset Management and a group of Korean investors, on the acquisition and financing of "Le Balthazar", an office building located in Saint-Denis, France.
The property develops circa 35,000 square meters over eight stories and is comprised of two wings, connected by an atrium. The office areas are 100% let to a leading telecommunications group, under a long-term lease.
Clifford Chance advises TH Real Estate on the pre-let of 70 St Mary Axe in the City of London Clifford Chance has advised TH Real Estate, on behalf of the Cityhold Office Partnership (CHOP), on the pre-let of its development at 70 St Mary Axe, also known as the 'Can of Ham' to international US law firm Sidley Austin LLP. Sidley Austin LLP is agreeing to take more than a third of the building, approximately 100,000 sq ft, for a term of twenty years together with options on a further 34,000 sq ft.
National law firm Shoosmiths has advised its client Kier Living on the first-stage of its multi-million pound project to deliver homes across Birmingham and the West Midlands.
It is part of a ten-year joint venture between Kier Living, Homes England and Cross Keys Homes. The partnership will deliver up to 5,400 homes across England, but the first four mixed tenure developments have been announced for The Laurels in Tipton; Meadowbank, Newcastle-under-Lyme; The Orchards in Rushwick and Chelmsley Lane, Marston Green.
Clifford Chance advised SCPI Accimmo Pierre, managed by BNP Paribas REIM, on the financing of the acquisition of the office building located on 49-51 rue La Boétie in the 8th arrondissement of Paris.
The building, entirely refurbished by Poste Immo, will house Bank of America Merrill Lynch's Paris headquarters in 11,000 m² of office space and has the Breeam, NF HQE, LEED and Effinergie Rénovation certifications.
A long-term financing was set up by SCPI Accimmo Pierre with a pool of banks arranged by Natixis.
London—Dentons has advised Ho Bee Land Limited, the Singaporean real estate development and investment company, on the £650 million acquisition of Ropemaker Place, a multi-let trophy office building at 25 Ropemaker Street, London EC2.
To complete the deal, Ho Bee Land's wholly-owned subsidiary, Grandeur Property Investments Ltd, acquired a Luxembourg owned entity (FPS) which owns Ropemaker Place. AXA Investment Managers - Real Assets is the manager of FPS.
Stuttgart – Listed Belgian real estate company Cofinimmo SA has acquired 17 care home properties spread across four German federal states in a portfolio deal. The vendor is a joint venture of European private equity firm Revcap. All 17 care homes are operated by Stella Vitalis GmbH under long-term leases. The acquired portfolio is valued at EUR 172 million.
DLA Piper has advised publity AG on the disposal of a joint venture office property portfolio to a fund managed by J.P. Morgan Asset Management and LGT Capital Partners. The portfolio consists of four properties, two located in Greater Munich, the others in Cologne and Dusseldorf. The purchased assets were the Luxembourg companies owning the respective real estate.
DLA Piper's lawyers additionally advised on the closing of the transaction; the purchase price will remain undisclosed.