Greenberg Traurig advised a fund managed by Ares Management Corporation (Ares) on the acquisition of the headquarters of IKB Deutsche Industriebank (IKB) in Düsseldorf, Germany. The buyer is a joint venture between the Ares real estate fund and EDF Invest. Seller is IKB, which will remain as the main tenant in the building. The parties have agreed to keep the purchase price confidential.
Global law firm Norton Rose Fulbright has advised Liberty House Group, a subsidiary of the UK-based GFG Alliance group specializing in the industrial and metallurgical sectors, on the financing for the acquisition of the largest aluminum smelter in Europe located in Dunkirk from Anglo-Australian Rio Tinto group, one of the world leaders in the mining sector. The transaction will amount circa EUR500m. The Aluminum Dunkerque plant has an annual production capacity of 280,000t and employs 570 people.
Global law firm Norton Rose Fulbright has advised Bank BGZ BNP Paribas S.A. on the loan facilities made available to ISOC Group for the purpose of financing the acquisition of the Argon office building in Gdansk, Poland, located in the Alchemia office complex.
The office building was sold by Torus, a leading Polish commercial real estate developer.
The purchaser, ISOC Group, is a real estate and infrastructure investment company with its headquarters in the Philippines.
GSK Stockmann advised Art-Invest Real Estate for one of its office funds on the purchase of a multi-tenant office building in Frankfurt Ostend. The seller is Generali Real Estate S.p.A. acting on behalf of a Generali Group company. The parties agreed to keep the purchase price confidential.
Ashurst has advised subsidiaries of the London-based property investment and development company Almacantar on its £420 million refinancing of One and Two Southbank place in London. The facilities were advanced by LGIM Real Assets (Legal and General) and refinance Almacantar's existing development facilities provided by Cain Hoy Enterprises, on which Ashurst advised in 2015.
Simpson Thacher represented Blackstone in the refinancing of its acquisition of two Spanish logistics portfolios. The refinancing follows Blackstone’s acquisition of the two portfolios in December 2018, which are located in key regional capitals and major trade hubs throughout Spain, with one property acquisition set to complete in 2021.
The Simpson Thacher team who acted on the refinancing included Tom Lloyd, Luke Murphy and Pamela Rosindale (Real Estate).
Global law firm White & Case LLP has advised Deutsche Pfandbriefbank AG (Pfandbriefbank) as lender, lead manager and mandated lead arranger on the granting of a €500 million loan for Vonovia SE.
The loan has a term of ten years and will be issued in equal parts by Pfandbriefbank and Landesbank Baden-Württemberg. The loan is secured by a residential portfolio in Dresden with a total lettable area of approximately 800,000 square meters, consisting of around 13,400 residential units and over 200 commercial units. The portfolio is almost fully let.
Simpson Thacher represented Testa in its EUR 1.9 billion financing in connection with a large portfolio of residential units located across Spain.
The financing follows the agreement entered into by Blackstone in October 2018 to purchase a majority stake in the company which Simpson Thacher also assisted on. Testa currently owns and manages more than 10,600 residential units in the main Spanish cities and regions.
The Simpson Thacher team who acted on the financing included Tom Lloyd, Luke Murphy and Alexandre Rakotovao (Real Estate).