DLA Piper represented W.P. Carey Inc. (NYSE: WPC), a publicly-traded, net lease REIT, in connection with its entry into a merger agreement with Corporate Property Associates 17 – Global Incorporated, a publicly-held, non-traded REIT. The stock-for-stock transaction is valued at approximately US$6 billion.
Macfarlanes has advised co-owners Stanhope Plc and Benson Elliot on the sale of the Station Hill development site in Reading to Lincoln MGT, a joint venture between Lincoln Property Company and MGT Investment Management.
The site is one of the UK’s largest development projects outside of London and sits opposite Reading station which will become the start of Crossrail in late 2019.
International law firm Simmons & Simmons has drawn on their extensive investment funds and corporate governance expertise in order to undertake a legal and governance review of the new governance framework of the infrastructure finance organisation the Private Infrastructure Development Group (PIDG).
National law firm Shoosmiths has advised property development specialist DCP Limited on its multi-million pound refinancing for a site in Tower Hamlets, London.
The £26 million deal - with OakNorth Bank Plc - was turned around in just three weeks and represented DCP's first major finance deal.
The refinancing is part of a wider development scheme aimed at delivering around 100 affordable and private rental homes in Caroline Street.
International law firm Ashurst advised debt fund Ares Management Limited (Ares) as arranger in relation to the financing of the acquisition of finanzen de Vermittlungsgesellschaft für Verbraucherverträge AG (Finanzen) by a company associated with Eli Global from French private equity firm Blackfin Capital Partners and Finanzen's founders.
Ashurst has advised Global Construction Services Limited (GCS) on its A$320 million proposed merger of equals with SRG Limited (SRG) to create SRG Global Limited (the Merger).
GCS and SRG have entered into a Scheme of Implementation Deed to effect the proposed Merger, pursuant to which GCS will acquire 100% of the issued capital in SRG (in exchange for the issue of new shares in GCS) by way of a members' scheme of arrangement.
Clifford Chance has advised an investment fund managed by Europa Capital, a pan-European real estate investment company, on the sale of Hadovka Office Park, a modern office building located in a prominent position in Prague 6. The buyer is WOOD & Company, a leading regional investment bank headquartered in Prague.
Clifford Chance has advised a wholly-owned indirect subsidiary of CK Asset Holdings Limited on the £1 billion acquisition of 100% of 5 Broadgate, London from British Land and GIC. The landmark building which is located in the heart of the City of London was developed in 2015 and covers more than 700,000 sq ft. 5 Broadgate is the UK headquarters of UBS who are committed to the building until 2035.
Commenting on the transaction, lead Partner Nick Rees said:
Sidley has represented Ronshine China Holdings Limited (Ronshine China) on the placing of existing shares of its controlling shareholder and top-up subscription for its new shares by its controlling shareholder under general mandate. Ronshine China has raised approximately HK$1.1 billion in this share placement. The estimated net proceeds will be applied for Ronshine China’s development purposes and as general working capital of the company.
Linklaters advises on establishment and execution of Resi4Rent, the first fully integrated investor, operator and asset manager for purpose-built residential communities in Poland. Project comprises more than 1,200 apartments under construction and another 1,700 apartments ready for construction in the next 12 months with first tenants being able to move in during the fourth quarter of 2019. Resi4Rent will operate as a joint-venture between R4R S.a r.l and Echo Investment S.A., the largest Polish developer. Echo Investment S.A.