Simpson Thacher & Bartlett and Clifford Chance (CC) have advised Blackstone and China Investment Corporation (CIC) respectively, as Blackstone announced the $12.2bn sale of its pan-European logistics company Logicor to CIC.
Changes could mean a one-third increase for City offices
With bank debt and real estate costs two of the most common causes of law firm distress, increases in business rates were met with concern by real estate professionals and lawyers in the Square Mile last month.
Herbert Smith Freehills (HSF), Berwin Leighton Paisner (BLP) and Mayer Brown are leading as Chinese Investment Group CC Land is in advanced talks to buy one of London’s landmark buildings, the Leadenhall building (known as the Cheesegrater) for over £1bn. Continue reading “‘Enduring strength’: HSF, BLP and Mayer Brown advise as £1bn offer made for the Cheesegrater”
Following a review process announced last year, The Crown Estate has given Berwin Leighton Paisner (BLP) the sole mandate for its £7bn Central London property portfolio. Continue reading “Crown Estate turns to BLP for lucrative central London portfolio”
Berwin Leighton Paisner (BLP) and Nabarro acted opposite Eversheds and Mayer Brown on CBRE Global Investors’ merger of its UK Property Fund with the Electricity Supply Pension Scheme (ESPS), creating a £1.4bn property fund called the CBRE UK Property PAIF. Continue reading “‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger”
The second tallest building in Western Europe is set for the City, as Linklaters and DLA Piper picked up key real estate mandates advising on the new skyscraper. Continue reading “Linklaters and DLA Piper advise on City’s tallest skyscraper 1 Undershaft”
Freshfields Bruckhaus Deringer and Hengeler Mueller have won spots advising as Blackstone Group purchased a portfolio of offices from IVG for €3.3bn, the largest European real estate transaction this year. Continue reading “Freshfields and Hengeler act as Blackstone inks largest European real estate deal this year”
After doubling space at its Manchester low cost-hub last year, Freshfields Bruckhaus Deringer is to sign a new lease in the City at 100 Bishopsgate. Continue reading “Goodbye Fleet Street: Freshfields picks 100 Bishopsgate for new headquarters”
Kirkland & Ellis has advised opposite Freshfields Bruckhaus Deringer in the largest European real estate transaction of the year as Singaporean sovereign wealth fund GIC picked up P3 from TPG Real Estate for $2.7bn. Continue reading “Kirkland wins first mandate from Singapore’s GIC in biggest European real estate deal of the year”
The finance view: Bespoke and busy – no return to the cookie cutter but plenty of creative lawyering for City’s property finance teams
Victoria Young reviews the changing property finance landscape
Berwin Leighton Paisner (BLP) head of real estate finance Naveen Vijh surveys a much changed landscape: ‘We have a much more diverse client market now. It is important to know the whole of the market, its whole breadth.’