Our Real Estate Capability at your Service - CMS_LawTax_Negative_28-100.eps - CMS Law
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Contents Introduction3 Service tailored to your world 4 Real Estate at CMS 5 Albania6 Angola7 Austria8 Belgium9 Bosnia and Herzegovina 10 Brazil11 Bulgaria12 Chile13 China14 Colombia15 Croatia16 Czech Republic 17 England and Wales 18 France19 Germany20 Hungary21 Italy22 Kenya23 Luxembourg24 Mexico25 Monaco26 Montenegro27 Morocco28 The Netherlands 29 Peru30 Poland31 Portugal32 Romania33 Russia34 Scotland35 Serbia36 Singapore37 Slovakia38 Slovenia39 South Africa 40 Spain41 Switzerland42 Turkey43 Ukraine44 United Arab Emirates 45 CMS a global perspective 46 Client-focused thought leadership initiatives 47
Introduction We are over 800 qualified lawyers working in real estate and construction, spanning 43 countries and 74 cities. The CMS Real Estate and Construction practice is the largest real estate specialist team in Europe and one of the biggest worldwide. Clients are at the heart of our business; we put you first. Our emphasis is not just on being great technical lawyers but also on understanding our clients and their business; you and what makes you special; building strong relationships with you; and bringing you our knowledge and experience. We have been active in real estate in our markets for decades, so we understand the culture, the economic context, the local legal context and the history. Many of our colleagues have worked in-house or on secondments to clients to further develop their knowledge of the real estate sector. We know it inside out. That is why we are known for being strong on execution and providing concise, commercial and pragmatic advice. Most of us focus full time on real estate and construction and serve a client base of developers, owners, occupiers, construction consortia, asset managers and investors, among others across all asset classes. CMS has the largest real estate teams across three major European jurisdictions – the UK, France and Germany – and is the largest real estate specialist team in Europe and one of the biggest worldwide. We work efficiently both locally and internationally because we know each other: we meet face -to face, connect regularly, work on shared matters, train together and adhere to the same standards, templates and processes, including project management. That makes it easy to deploy multidisciplinary teams – including funds, construction, development, planning, corporate, banking, tax and insolvency specialists, or even notaries where it is allowed – with the simplicity of a single point of contact, even at multinational level. You will find out more about the great things we do for our clients on the following pages of this guide. Feel free to get in touch with the local contacts for specific country requests and please do not hesitate to contact us if you have any questions or would like to receive more information. Andreas Otto Marie Scott Arnout Scholten Partner Partner Partner T +49 30 20360 1505 T +44 20 7524 6783 T +31 20 3016 472 M +49 177 2192925 M +44 7825 420570 M +31 6 21 297 466 E andreas.otto@cms-hs.com E marie.scott@cms-cmno.com E arnout.scholten@cms-dsb.com 3
Service tailored to your world Retail Distribution/ Logistics/Industrial Student Direct RE Accommodation RE Funds RE Tax Build-to-rent/ Residential Key services Corporate RE RE Finance Asset classes REAL Asset classes Healthcare ESTATE Joint Ventures RE Disputes Hotels/Leisure Key services Construction Regulatory Planning/ Environment Mixed-use Data centres Energy Strategic land 4 | Our real estate capability at your service
Real Estate at CMS #1 Real Estate: #1 Real Estate: Europe Europe The Lawyer Global 50 The Lawyer Global 200 2018 & 2019 Report 2018 Energy & Infrastructure Team of the Year Legal Business Awards 2017 800+ 200+ real estate lawyers globally construction lawyers globally THE L ARGEST REAL ESTATE TEAM IN EUROPE 24 Band 1 rankings across real estate & construction sector categories in Legal 500 and Chambers globally ACT FOR OVER HALF OF THE TOP 100 REAL ESTATE INVESTORS 5
Albania Facts and figures Recent work highlights Investment and disposal — Advised a major Italian energy trading company on its investments Construction and development related to the construction and Located in Tirana — Advised the Municipality of Tirana on development of several hydropower preparing and tendering the plants in Albania under BOT construction of a new public concession contracts. transport terminal under DBFOT 1 real estate partner concession contract with a value and 2 lawyers Financing of approximately €40m. — Advised International Finance — Advised the Ministry of Infrastructure Corporation (IFC) on its financing of the Republic of Kosovo during and participation in an Albanian- Languages: English, Italian each and every pre-tender, tender based company which focuses and Albanian and pre-construction phase of the on the construction and development Prishtine – Hani i Elezit Motorway of hydropower plant projects. Project (relating to a motorway — Advised EBRD on the financing of Contact us of 60km in length), with a value UKT, the Albanian public water of approximately €600m. company, for a total value of over — Advised Serenissima Costruzioni €30m. CMS Tirana S.p.A. in relation to legal and tax T +355 4 430 2123 matters for the construction of F +355 4 240 0737 a €40m Fier by-pass motorway of 22km in length, using the FIDIC conditions of contract for construction. Mirko Daidone T +355 4 430 2123 E mirko.daidone@cms-aacs.com 6 | Our real estate capability at your service
Angola Recent work highlights — Assisted a Client with purchase of a Facts and figures warehouse in a retail park. — Assisted a Client on the — Full scope advice to real estate construction, development, developers in the negotiation and Located in Luanda implementation, and permits for a execution of contractual package for residential building in Lobito, implementation of a residential real Benguela Province. estate project. — Assisted a multilateral institution in 1 partner, 1 counsel — Assisted the Angolan subsidiary of the acquisition of a property and set and 1 associate the Swedish based international up of its head office in Luanda group Crown Energy AB, in the sale — Assisted a BIG 4 consultancy firm in of a building complex to the the acquisition of a property and set Angolan state. Languages: Portuguese up of its head office in Luanda. — Assisted a Brazilian Building and English Company in the negotiation and execution of the promissory sale agreements of 12 apartments. Contact us CMS Luanda T +244 946 673 866 F +244 946 673 867 Filipa Tavares de Lima T +244 946 673 866 E filipa.lima@ftl-advogados.com 7
Austria Facts and figures Recent work highlights — Advised BNP Paribas REIM on the acquisition of Inno Plaza, an office building in Vienna, by way of a forward Planning and environmental purchase from the Austrian developers Located in Vienna — Advised on construction and planning S+B Gruppe AG and List Group. law issues in respect of the new — Advised a German investor regarding the project RWA Campus, a real estate forward purchase of an office building in development project in lower Austria. 4 real estate partners Vienna. and 5 lawyers — Assisted GLOBOPHARM Pharmazeutische Produktions-und Managers and occupiers Handelsgesellschaft mbH in — Advised several international luxury connection with a new real estate brands regarding the establishment of Languages: German and English development project in Vienna from flagship stores in Austria. construction and planning law — Advised two Tyrolian hotels on several aspects. construction and refurbishment law — Assisted Church Rectorate St. Karl issues. Contact us Borromäus & Verein der Freunde und — Advised the asset management of an Gönner der Wiener Karlskirche in worldwide acting international insurance connection with construction, company regarding its Austrian assets. re-dedication and planning legal issues CMS Vienna T +43 1 40443 0 in respect of “Karlskirche Wien” and Financing F +43 1 40443 90000 surrounding areas. — Advised the lender, a consortium led by HYPO NOE Landesbank für Niederösterreich Construction and development und Wien AG, on the syndicated financing — Advised the Swiss and Austrian Nikolaus Weselik for the construction of the office building planning consortium on the T +43 1 40443 2250 Austro Tower in Vienna. The sponsor is an E nikolaus.weselik@cms-rrh.com construction tunneling project Austrian real estate developer group. Brenner Basis Tunnel. Gregor Famira — Advised the client as a consortium manager — Advised on various construction law T +385 1 4825 600 in the financing of the Campus, the new E gregor.famira@cms-rrh.com matters in connection with the headquarters of Erste Group Bank AG. refurbishment and resettlement of Johannes Hysek — Advised the client on the construction the Austrian Parliament. Advised IES T +43 1 40443 3250 financing of a five-star hotel in Vienna. E johannes.hysek@cms-rrh.com Immobilien Projektentwicklung — Advised Erste Group Bank AG on the GmbH on one of the biggest financing of a €100m+ portfolio of residential real estate development shopping centres. projects in Vienna. — Advised on the financing of the acquisition — Advised on construction law matters of Austria Campus. Advised Münchener in connection with the hospital Hypothekenbank on the financing of a project Krankenhaus Nord in Vienna. logistic centre. Investment and disposal — Advised an Austrian investor regarding the forward purchase of a hotel project in Tyrol. 8 | Our real estate capability at your service
Belgium Recent work highlights — Advised a major US coworking Facts and figures company in the entering of the Brussels market with the negotiation and Planning and environmental conclusion of several major transactions — Advised Klépierre on the extension Located in Brussels and Antwerp for long-term occupation in Brussels. of its Louvain-La-Neuve shopping mall. — Assisted Axus in the sale of the Belgian — Advised a local authority on the headquarters of ALD, SocGen’s car conversion of a hospital site into leasing subsidiary, to high net worth 5 real estate partners and residential accommodation. private investors led by French counsels and 13 lawyers developer Bouygues Immobilier. Construction and development — Assisted a leading European asset — Advised Unibail Rodamco and the manager in the acquisition of premium winning consortium on the €550m Languages: Dutch, English, French office building in Brussels. redevelopment of the Heysel site (Project NEO) as a mixed use project Managers and occupiers comprising a shopping mall, 590 Contact us — Advised M&G Real Estate, Savills, housing units, two day nurseries, Honeywell, CBRE Global Investors and 3,500m² offices, a retirement home, other funds and private investors on 112,000m² dedicated to indoor and asset management related matters. CMS Brussels outdoor leisure and 30 restaurants. T +32 2 74369 00 — Acted for a number of occupiers — Assisted the European Commission in F +32 2 74369 01 (Amlin, AMP, Beline, Calzedonia, El the re-construction of the future larger Ganso, Elli Lilly, Hard Rock Café, office building of the Commission in Logica, Sergent Major, Statoil, Brussels CBD (190,000 square meters). Siemens) in the (re)negotiation of Bruno Duquesne — Assisted a major UK asset manager in occupancy agreements. T +32 2 74369 40 relation to the refurbishment of an E bruno.duquesne@cms-db.com office property located in the Financing Pierre-Axel Chabot European center of Brussels. — Assisted on the acquisition of the T +32 2 743 69 39 — Assisted several owners and operators E pierreaxel.chabot@cms-db.com Square de Meeûs building by Hana in the negotiation of build-to-suit Genii, a structure comprising two agreements regarding notably Korean investment funds with Korean warehouses, hotel project and offices. institutional investors behind them. — Advised Helaba on the €130m Investment and disposal financing of the “Covent Garden” — Advised Savills, Mora Bank and other office building by Hannover Leasing funds on the acquisition and disposal of and a Chinese partner. several office buildings in Brussels. — Advised Société Générale in the — Advised Fidentia Real Estate in the €380m acquisition by a Korean fund acquisition in the form of an asset deal of the Belgian Ministry of Foreign of Besix’s head office in Brussels. Affairs owned by Belgian REIT — Assisted Fidentia Real Estate Investment Cofinimmo since 2004. in the acquisition from Immobel of a — Advised MünchenerHyp on the €27m 50% stake in the Mobius 2 project in financing of the acquisition of the the Brussels Northern District. “South City” building by Real I.S. — Assisted a Belgian retail investment fund in several retail acquisitions in high streets in Brussels, Antwerp and Gent. 9
Bosnia and Herzegovina Facts and figures Recent work highlights Financing — Advised the European Fund for Southeast Europe on several projects Construction and development regarding loans to local banks as well as Located in Sarajevo — Advised Finish Fund for Industrial microcredit organizations. Cooperation Ltd a prominent group — Advised EBRD on the project financing of companies on the establishment of of construction of residential complex in a JV with a major steel producer in 13 team members Bosnia and Herzegovina. BiH Mittal Steal and City of Zenica — Acted for the EBRD on numerous (includes various regulatory and financings granted to local companies corporate advice) (Winner of the for the purpose of production facilities award Deal of the year 2018 CEE Languages: Bosnian, Croatian, and premises expansion (acquisitions Serbian, English, German, Legal Matters). and construction). Slovenian and Swedish — Advised Dogs Trust (UK), on real estate, corporate and regulatory Investment and disposal matters regarding construction of the — Advised Vestas on their ongoing Contact us first rehoming centre. renewable energy project regarding — Advised PCC SE on various matters supply and construction of wind power regarding the construction of the first plants in Bosnia and Herzegovina. The CMS Sarajevo of three small hydro power plants. T +387 33 94 4600 project is important to the local F +387 33 94 4690 renewable energy system. Planning and environmental — Advised a UK group of companies on — Advised European Energy A/S on real planned expansion investments into estate regulatory matters regarding Bosnia and Herzegovina through using of the concession rights, and Nedžida Salihović-Whalen acquisition of major production facilities T +387 33 94 4600 on building on private land in order consisting of both real estate and E nedzida.salihovic-whalen@ to find the most suitable solution in cms-rrh.com movables assets. accordance with the local laws and — Advised Heta Asset Resolution AG on regulations as well as drafting and sale of real property as part of negotiation of the land lease. bankruptcy proceedings over the debtor. — Advised a group of companies on the establishment of a JV (a renewable Managers and occupiers energy power plant) with a major — Advised a leading hotel management steel producer in BiH (includes various company, on corporate, general regulatory and corporate advice) in business, employment, competition and connection with the building of other matters in relation to their renewable power plant. activities in Bosnia and Herzegovina — Advised the EBRD on all aspects of regarding three hotels to be operated by the financing of the Regional Energy Interstate in Sarajevo. Efficiency Programme, including — Advised Hypo Alpe Adria Group regulatory framework, project regarding temporary management structuring, drafting model (including all general real estate matters) transactional documentation, model over one of the biggest shopping centres tender documentation etc. in Bosnia and Herzegovina based on the awarded custody as part of the enforcement procedure. 10 | Our real estate capability at your service
Brazil Recent work highlights — A German company on the Facts and figures acquisition of residential real estate in the state of Ceará, Brazil. — Advised Balmoral Offshore — Advised Modulex on planning Engineering on the acquisition of Located in Rio de Janeiro permission requirements for changes land in the state of Espirito Santo, to signage and monoliths at its Brazil for the construction of a plant client’s industrial facilities in Brazil. for the manufacture of buoyancy — Advised a German manufacturer on 1 real estate partner devices for the offshore oil and gas the transfer of a manufacturing and 1 lawyer industry, as well as Advised on facility in connection with the sale of environmental permitting its consumer hygiene products requirements. business. — Advised MRP International on its Languages: Portugese, English, — Advised Aviagen in conducting due entry into the Brazilian market, French and Spanish diligence relating to agricultural including regulation of the Porto premises to be acquired together Maravilha urban redevelopment with a Brazilian chicken business. project in Rio de Janeiro, and on its Contact us joint venture with the Trump Organization for the high-profile Trump Towers Rio project, one of the CMS Rio de Janeiro largest commercial property T +55 21 3722 9830 developments in Latin America. — Advised Estee Lauder S.A. (Cela Cosméticos S.A.) on the construction, development, Ted Rhodes T +55 21 3722 9831 implementation, and permits for its E ted.rhodes@cms-cmno.com new cosmetics distribution centre for Chile, Argentina, Brazil, and Peru. 11
Bulgaria Facts and figures Recent work highlights — Advised Austrian Private Equity Funds on the sale of the 75,000m² office building Megapark. Planning and environmental Located in Sofia — Supported M + W Group in Managers and occupiers preparation for their bid regarding — Advised SKF Motion Technologies | the construction of the largest on ongoing legal matters, including waste-to-energy facility in Bulgaria. 2 real estate partners lease agreements, corporate, real — Advised a client on real estate and 9 lawyers estate, commercial matters. matters regarding the development — Advised Ocado Technology on a of a shopping mall in the city of Sofia long-term lease agreement. and on the first sale of an office — Advised an Austrian steel trader on Languages: Bulgarian, English, building in Bulgaria. German, French, Hebrew drafting and negotiation of lease and Russian agreements in relation to logistic and Construction and development storage premises. — Advised Kaolin AD on the agreement — Advised a GTC affiliate company, relating to the construction of a Contact us developing a two-phased office production unit. project in Sofia with a total gross — Advised Swietelsky, a leading leasable area of c. 32,000m², on the Austrian construction company, on negotiation of a lease agreement CMS Sofia issues related to the construction of T +359 2 447 1350 with an anchor tenant. railroad segments in Bulgaria. F +359 2 447 1390 — Advised Tesla, on bringing their — Advised Robul Bulgaria on a real charging stations lease T +359 2 92199 10 estate acquisition deal, including F +359 2 92199 19 documentation in compliance with support on the preliminary Bulgarian law and on all related agreement, due diligence of real permitting and registration matters. estate and final real estate transaction. Antonia Kehayova Financing T +359 2 447 1322 — Advised UniCredit Bank Austria on E antonia.kehayova@cms-rrh.com Investment and disposal the restructuring of a real estate — Advised Revetas on the Jenia Dimitrova financing in Bulgaria. T +359 2 92199 10 establishment of two SPVs, the sale — Advised OTP Bank / DSK Bank on E jenia.dimitrova@cms-cmno.com of a logistics project, the amendment the refinancing of two shopping of an existing financing as well as the malls including structuring, due partial repayment thereof, the diligence, new finance documents, regulation of the horizontal signing and closing. condominium relation in a logistics — Advised UniCredit S.p.A. / UniCredit and office real estate project. Bulbank on the restructuring of a — Advised Europa Capital on the sale €116m real estate financing, tax and of Mall of Sofia, a 23,600m² corporate restructuring, debt shopping centre with 10,400m² of deleveraging, new development, office space, to GTC. amendment and restatement of — Tishman International Management facilities agreement and new on the sale of its real estate office security package. development. 12 | Our real estate capability at your service
Chile Recent work highlights — Advised Ferrocarril Antofagasta Facts and figures Bolivia, subsidiary of Antofagasta Minerals on the regularisation and — Advised Rezepka Inmobiliaria on the updating of its title deeds and development of real estate projects, Located in Santiago de Chile railway concessions, as well as on property acquisitions, property title the reengineering of the use of investigations, procurement of railway lands. We also advised on building permits, drafting of the the development of a 48-hectare 1 real estate partner co-ownership regulation, drafting of project in Antofagasta, northern and 3 lawyers the model Promise to Purchase Chile, on the release and clearing of agreements, and the subsequent encumbrances, land use change of sale of various kinds of real estate, development of a master plan for such as warehouse facilities, Languages: Spanish and English said real estate. apartment buildings, and office — Advised Instituto Hebreo on land space. acquisition for the construction of — Advised Aki KB Minibogedas SpA on Contact us the new Israelite school and various self-storage center projects, stadium, providing general advice to participating in the complete the Israelite community in Santiago, execution of each. Also advises on regarding real estate projects, CMS Santiago de Chile all matters regarding local permits T +562 24852 000 temples, community centres and for project construction. nursing homes. Also advised on the — Advised Sura Asset Management, a Impact Assessment of the Urban company specialized in savings and Transportation System (EISTU) in investment, with presence in Chile, Pabla Gaínza relation to the real estate occupancy T +562 24852 093 Colombia, El Salvador, Peru, Mexico rate/percentage of real estate E pabla.gainza@cms-ca.com and Uruguay; on a due diligence for occupancy. office lease agreements, building Karin Muñoz — Advised Nevasa, one of the top five T +562 24852 093 permits, building contracts, property non-banking financial products and E karin.munoz@cms-ca.com co-ownership law, among others, to services group in Chile on due purchase three buildings in La diligence and contracts required for Condes, Santiago. financing authorisation for — Advised the Chilean subsidiary of developing projects. Banco Santander, the largest — Advised Unilever Chile on the financial group in Spain on the regularisation of all its industrial development of the Work café plants, both for its buildings and for project throughout the country, water rights. We also aided our including property title client in reducing the consumption investigations, permit application, of potable water in production draft and project review, working processes for its industrial plant, as together with multidisciplinary a part of its sustainability initiatives. team, architects, constructors and engineers. 13
China Facts and figures Recent work highlights — Advised R&F Group on the purchase of Vauxhall Square, Nine Elms Square and One Nine Elms for over £1bn. Planning and environmental — Advised Far East Consortium on the Located in Beijing, Shanghai — Advised a German wind tunnel and Hong Kong Northern Gateway redevelopment (GDV engineering company on planning and over £2bn). engineering of a wind tunnel for a — Advised Cindat Capital on Qhotel Portfolio top-tier technical university in Shanghai. for £525m and Project Ice for £615m. — Advised a German automotive supplier 2 real estate partners — Advised a world-leading producer of fibre and 4 associates on the planning and development of an products on the acquisition of land use R&D centre in Shanghai. rights and construction of factory buildings in Hangzhou. Construction and development — Advised a German machinery company on Languages: Chinese, English, — Advised a world-leading sports car German and French sales of the granted land use rights and maker on the construction of a driving factory buildings in Shanghai to a Chinese experience centre in Shanghai. development company. Contact us — Advised a well-known supplier of — Advised a hardware manufacturer equipment and services to packaging headquartered in Germany on various real and label manufacturers on construction estate issues during the acquisition of an CMS Beijing contracts for its plant in Changzhou. asset in China. T +86 10 8527 0259 — Advised an international group s on F +86 10 8590 0831 construction contracts for its plant in Managers and occupiers CMS Shanghai Kunshan. — Advised a sports car maker on the build to T +86 21 6289 6363 — Advised a leading architect UK firm for F +86 21 6289 0731 lease structure for its dealer shops in the proposed tender for a design China. CMS Hong Kong construction project in respect of a — Advised a global optics and opto- T +852 2533 7878 large-size Eden style visitor destination F +852 2533 7887 electronics manufacturer on the build-to- project in China. lease structure for its Chinese headquarters in Shanghai. Investment and disposal — Advised a French rubber design and — Advised Asian investors on their Ulrike Glueck production company on drafting, T +86 21 6289 6363 outbound acquisitions into the UK negotiations and signing of the lease E ulrike.glueck@cmslegal.cn property market. agreement for its manufacturing plant in — Advised China Resources Land on the Nick Beckett Suzhou. T +86 10 8527 0287/+852 2533 joint venture to purchase20 Gresham 7818 Street for £312m. E nick.beckett@cms-cmno.com Financing — Advised Cheung Kei Group on the — Advised a global automotive components Oliver Maaz purchase of 20 Canada Square for manufacturer on the construction and T +86 21 6289 6363 £410m. E oliver.maaz@cmslegal.cn lease of a production base in Nanjing and — Advised BCDH on the purchase of 30 on the project financing structure. Crown Place for £210m. — Advised a German development company — Advised Kingboard Chemical on the on project financing for investment in purchase of Moor Place for £271m. major manufacturing companies in China. 14 | Our real estate capability at your service
Colombia Recent work highlights — Advised Circulo de Viajes Universal in Facts and figures the structuration and execution of a real estate housing complex project. — Advised Plaza La Serrezuela on — Advised Edificio 593 in the almost all legal aspects of Located in Bogotá acquisition of land and in the construction of La Serrezuela and in preparation of all contracts related to every aspect of the project including the construction of the project, an its funding matters. exclusive property located in one of 2 real estate partners — Advised various landowners in the the most reputed sectors of Bogota. and 4 lawyers area Ciudad Lagos de Torca and the — Advised Bastión Luxury Hotel in the owners of the section of land with development of a comprehensive the best commercial potential and reform of a trust agreement and Universidad el Rosario. Through an Languages: English, Spanish, performed a detailed study of the alliance with Kapital Financial German and French chain of title of the premises, Services the Firm is designing the owners, restrictions and liens on the legal and financial structure required real estates used in the development to obtain the optimal development Contact us of this project. of Clients’ properties. — Advised Sala Logística de las — Advised Círculo de Viajes Universal Américas in the bidding process for on the analysis of various real estate CMS Bogotá the concession of the Convention investment projects, including the T +57 1 321 8910 Centre in Cartagena, together with purchase of 51% of one of the most Concreto and GHL. The Firm luxurious spa centres in Bogotá, obtained a 10-year concession of the Colombia. centre for the Client. Juan Camilo Rodríguez — Advised Cámara de Comercio de — Advised the investment vehicle of T +57 1 321 8910 x138 Bogotá, Corferias and FONTUR on E juan.rodriguez@cms-ra.com Banco de Chile conglomerate the planning and structuring of a regarding the first investment made Jacques Simhon project to develop the International by one of its real estate private funds T +57 1 321 8910 x138 Convention Centre of Bogotá E jacques.simhon@cms-ra.com for the development of an important (Ágora), one of the most advanced real estate project. convention centres in Latin America. — Advised the National Government (Virgilio Barco Vargas National Real Estate Agency) on the renovation project of the National Administrative Center. This is one of the top five largest scale infrastructure projects in terms of investment on Bogota. 15
Croatia Facts and figures Recent work highlights Investment and disposal — Advised a multinational oil and gas company in a potential purchase of a Planning and environmental Croatian gas and oil retailer chain, Located in Zagreb — Advised Grupa Azoty S.A. in the with significant real estate aspects to intended acquisition of the Croatian the potential transaction. leader in manufacturing agricultural fertilizers, by providing a thorough 2 real estate partners Managers and occupiers memo on the economical, and 2 lawyers — Advised Immofinanz in the purchase regulatory, legal and environmental of five shopping centres in Croatia background relevant for the and Slovenia, with full-scope due potential acquisition and full-blown diligence – focusing on real estate Languages: Croatian, English due diligence, reviewing matters, negotiation, transaction and and German environment, real estate, corporate, tax structuring support. commercial, material agreements, — Advised Patrizia, former Rockspring, banking and finance, employment, in their management of a real estate Contact us and litigation matters. portfolio, including lease, — Advised Ecowind, a leading Austrian construction and use of the real wind energy company, in the estate aspects. CMS Zagreb acquisition of two wind farm T +385 1 4825 600 targets. F +385 1 4825 601 Financing — Advised the European Investment Construction and development Bank with a loan granted for the — Advised a client in business of expansion of the Dubrovnik Airport. world-class olive oil production, in Gregor Famira — Advised The European Investment T +385 1 4825 600 the acquisition of agricultural Bank (EIB) on a €25m senior/ E gregor.famira@cms-rrh.com property of significant size by corporate loan financing intended covering a variety of issues, Ana-Marija Skoko for the modernization and T +385 1 4825 600 including reviews of contracts, development of the existing facilities E ana-marija.skoko@bmslegal.hr agreements, project documentation, and infrastructures of the camping water and other permits. site in Istra, with extensive real — Advised Bauhaus in the one-stop- estate due diligence. shop mode, with emphasis on real estate, contractions, transaction, employment and competition areas, including the client’s expansion of retail premises and the purchase support for the additional property. 16 | Our real estate capability at your service
Czech Republic Recent work highlights — Advised Deka Immobilien on the acquisition Facts and figures of the prestigious site “The Park” in Prague. “The Park” is a state-of-the-art complex Construction and development consisting of 12 office buildings built — Advised Arca Capital and Nova Real Located in Prague between 2003 and 2008 in an attractive Estate on joint venture development campus-style formation. It was the largest and forward purchase of logistic assets ever office transaction in the Czech Republic. with Panattoni Europe, major developer — Advised Deka Immobilien on the sale of 2 real estate partners of industrial premises, and 27,500m² Lighthouse office towers to Star and 13 lawyers establishment of a joint venture for Capital. The property situated on the banks development logistics assets in Poland. of Vltava comprises two separate stand- — Advised Flow East in entering into a alone buildings joined at underground contract for works for a major mixed- Languages: Czech, English parking level. use development project being and German — Advised Karimpol on the sale of the constructed in Václavské náměstí in Greenline building in Prague. Building with centre of Prague. Including property 15,500m² is in the heart of the Pankrác draft contract for lender for the Contact us business district and the value of the deal is construction company and negotiation estimated to approx. €500m. The Greenline of the contract with the final bidder. is home to tenants such as SCS Software, — Advised CSPP Group on the Huawei Technologies, Nordic Telecom 5G a CMS Prague construction contracts for Retail Park T +420 296 798 111 Kia Motors Czech. Písek project, including support of the F +420 296 798 000 client during the tender for the Managers and occupiers construction company, negotiating the — Advised multiple clients, including Deka turn-key construction contracts and the Immobilien, Goodman, Redside and Lukáš Hejduk construction processes. Standard Life Aberdeen, on leasing matters T +420 296 798 892 related to their property portfolio in the E lukas.hejduk@cms-cmno.com Investment and disposal Czech Republic. Libor Prokeš — Advised Deka Immobilien on its €460m T +420 296 798 832 acquisition of a Czech logistics portfolio E libor.prokes@cms-cmno.com Financing from the CTP Group. The portfolio — Advised Raiffeisen Bank International on a includes 36 modern buildings with a successful financing, in connection with the total leasable area of approximately cross-border acquisition of a logistics portfolio 430,000m². This was the biggest by the Czech head-quartered logistics giant, transaction on the real estate market in P3, from CA Immobilien Anlagen AG. 2018. — Advised UniCredit on the financing of the — Advised Allianz and VGP on the acquisition of 80,000m² Waltrovka office acquisition of several new logistics complex in Prague. The buildings are leased to properties in Austria, Romania and a range of tenants including Johnson & Spain. CMS Prague was responsible for Johnson, Oracle, Sberbank, Strabag, Amrest, delivering the work streams on the SPA and Astra Zeneca. This was the largest real and coordinating the remaining work estate deal in the Czech Republic in H1, 2019. streams with colleagues from Germany, — Advised Bluehouse Capital on the (re)financing Luxembourg, Austria, Spain, Romania, of its investment in Centrum Karviná s.r.o., Italy and Netherlands. which operates a shopping mall in Karviná, — Advised REICO on the acquisition of an provided by Česká spořitelna, a.s. office building in Prague. 17
England and Wales Facts and figures Recent work highlights Investment and disposal — Advised longstanding client Vita on its landmark £600m portfolio sale of “Vita Student” assets to Planning and environmental DWS’s real estate funds. The portfolio comprises Located in London, Bristol, — Advised Heathrow West (part of The Sheffield, Liverpool and Manchester a total of 3,198 beds in Manchester, Glasgow, Arora Group) on all the planning Edinburgh, Leeds, Birmingham and Newcastle. aspects in relation to the Northwest — Advised Brockton Everlast on significant Runway expansion for Heathrow purchases totalling in excess of £400m; Airport. It is one of the largest and 79 real estate partners Waterside House which is M&S’s new HQ. and 217 lawyers highest profile planning projects of this — Advised Malaysian pension fund Kumpulan generation. Wang Persaraan (KWAP) on the £c140m — Advised Quintain to provide planning acquisition of 100 Cheapside, EC2. advice for its strategic regeneration of — Advised long-standing client Columbia Languages: English, French, Wembley Park. It comprises 1.4 million German and Spanish Threadneedle on the sale of Croxley Park sq ft of development over three sites business park for £400m. including affordable and private rented — Advised the real estate investment manager DTZ Contact us sector residential units and 900,000 sq Investors, in partnership with co-living developer ft of mixed-use development on the The Collective, on the structuring, launch of and Stadium Retail Park. It is the UK’s first acquisition for the world’s first fund to buy CMS London largest build-to-rent development. and build co-living accommodation in London. T +44 20 7367 3000 F +44 20 7367 2000 Construction and development Managers and occupiers — Acted as advisers to Public Sector — Advised AXA IM Real Assets on various Pension Investment Board (‘PSP’) and pre-lettings for the 22 Bishopsgate office QuadReal Property Group Limited Ciaran Carvalho building which will provide c1.3m sq ft of office T +44 20 7524 6152 Partnership (‘QR’) in respect of a 75% space and 43,000 sq ft of retail and leisure E ciaran.carvalho@cms-cmno.com investment in a Joint Venture with outlets. Unibail Rodamco Westfield for the long Marie Scott — Acted for WeWork across the UK on various T +44 20 7524 6783 lease and development of a major build deals, including 133 Houndsditch in London and E marie.scott@cms-cmno.com to rent scheme adjacent to the 99 Queen Victoria Street, London and Westfield Shopping Centre, Stratford Brindleyplace in Birmingham – this was the comprising over 1,200 high-end largest letting deal in Birmingham in 2019. residential units, communal areas, — Acted for Google on its acquisition of office leisure facilities and a retail unit. space across London including pursuant to — Advised HB Reavis on the acquisition pre-let agreements and self-build arrangements. and the construction of the right to build over Farringdon West Crossrail Financing station, and subsequent procurement — Advised Mountpark the leading logistics of a major mixed-use development at property company, on the c.£150m refinancing the site, comprising offices, retail at of a portfolio of newly developed logistics assets ground and basement levels, set above in the UK, Ireland and Spain from Nuveen Real the new Elizabeth Line (Crossrail). HB Estate. Reavis has the largest development — Advised Aviva Investors on a £136m financing in pipeline in Europe. relation to a portfolio of mixed-use assets in Central London. 18 | Our real estate capability at your service
France Recent work highlights Planning and environmental Facts and figures — Advised LBO FRANCE on the development project of 300,000m² Investment and disposal (residential, commercial and public — Advised Amundi Immobilier and Crédit Located in Paris, Lyon equipment program) in the suburbs of and Strasbourg Agricole Centre-est for the acquisition Paris, also involving the environmental from Abu Dhabi Investment Authority and planning permission, financing of (Adia) of a mixed-use real estate asset the public equipment and the portfolio of retail, office and residential amendment of the town planning 10 real estate partners properties in Lyon. and 40 lawyers documents. — Advised Amundi Immobilier for the — Advised Carlyle on the development acquisition from Abu Dhabi Investment project of a 24,000m² office building in Authority (Adia) of a mixed-use real Saint-Lazare railway station, including estate asset portfolio of retail, office Languages: French, English, the acquisition of the property and German and residential properties in Lyon called planning and environmental application. “Rue de la République - Grolée – Carnot”. Contact us Structuring — Advised Nexity SA, the leading real Managers and occupiers estate developer in France, and — Advised Whirlpool on the negotiation Harvestate AM on the exclusive CMS Paris with Gazeley, an investor and developer T +33 1 4738 5500 partnership launch of the TERRAE of logistics warehouses and distribution OPTIMAE 1 land development fund. parks, of the new lease for a 40,482m² — Advised Amundi Immobilier on the logistics warehouse located in Combs- post-acquisition restructuring, la-Ville. Benjamin Bill including the liquidation of a regulated T +33 1 4738 5772 — Advised Gaumont on the drafting and fund, of the “Mosaic Parcs” portfolio, E benjamin.bill@cms-fl.com the negotiation of the commercial lease consisting in 52 buildings of mixed use agreement of a building on the Champs Christophe Blondeau (office/activity) in the Paris region, T +33 1 4738 4205 Elysees in Paris to a very famous retailer further to its acquisition from AEW. E christophe.blondeau@ so as to create an events flagship store cms-fl.com around culture and cinema. Financing Aline Divo — Advised UBS Real Estate, on the T +33 1 4738 5695 Construction and development E aline.divo@cms-fl.com financing from ING together with the — Advised Financière du Grand Palais and acquisition of a portfolio of luxury Alliance Terres Rares on the sale off retail shops located in Paris. plan to CIPAV of an office and retail — Advised Crédit Suisse Real Estate on building in Paris, place Saint Augustin.of the financing from La Banque Postale a 2,500m² located Paris. together with the acquisition of an — Advised Opalia on the project office building located in the Grand management contract for the Paris from Commerz Real. construction of a new stadium in Nîmes — Advised MEAG on the financing from together with a 82.000m² mixed use Berlin Hyp together with the development project. acquisition of a prime real estate asset — Advised Arlenxeo for the engineering located in Lyon purchased as a sale and construction contracts for the and leaseback transaction from BNP extension of a plant. Paribas Real Estate. 19
Germany Facts and figures Recent work highlights Planning and environmental — Advised MG Real Estate on the planning and development of a new logistics and Investment and disposal industrial park together with a new Located in Berlin, Cologne, — Advised Commerz Real on the Duesseldorf, Frankfurt, Hamburg, urban district (redevelopment of the acquisition of the ‘Millennium portfolio’ Leipzig, Munich and Stuttgart former NATO base) on a total area of from Generali Lebensversicherung. The 870 hectares. portfolio comprises 49 office, — Advised TransnetBW in public residential and retail properties with a procurement procedures on the 29 real estate partners total rental area of over 352,000m² at preparation and implementation of and 65 lawyers central locations in German cities. nearly all public procurement — Advised Invesco Real Estate on the procedures relating to the new build of acquisition of Frankfurt office complex the SuedLink track to be constructed by ‘Die Welle’. Languages: German, Croatian, TransnetBW in cooperation with TenneT — Advised Peakside and Partners Group Czech, Dutch, English, French, TSO, in particular to procure Greek, Italian, Polish, Russian, on the acquisition of a majority of the underground cables and converters, Spanish and Swedish ‘Omega-Portfolio’. The portfolio project management services and comprises 30 commercial real estate planning services. This is a central assets, located in Germany, France and project relating to the turnaround in Contact us the Netherlands. energy policy. The contract value for the project is a ten-digit figure. Managers and occupiers — Advised Hansestadt Hamburg in the CMS Berlin — Advised Unilever Deutschland on planning approval procedure for the T +49 30 20360 0 premature end of lease for Unilever F +49 30 20360 2000 district heating system connection west. building in Hamburg (leased area The pipeline is a central component of approx. 20,000m²) and the lease of the New Generation Concept Heat for new office areas in the context of a the City of Hamburg. It crosses under project area (leased area approx. Sebastian Orthmann the Elbe river by means of an accessible T +49 40 37630 354 5,000m²) including handover to the tunnel and runs via Othmarschen to E sebastian.orthmann@ subsequent tenant Xing SE. cms-hs.com Bahrenfeld to the integration point in — Advised Tesla on rental matters the central district heating network. Andreas Otto regarding the expansion in Germany T +49 30 20360 1506 including litigation issues. E andreas.otto@cms-hs.com Financing — Advised a German pension fund on the Construction and development financing of Frankfurt ‘FOUR’ high-rise — Advised InfraLeuna on conclusion of complex. The four towers under the contract for the planning and construction have each been construction of the new combined gas independently financed, including the and steam power plant for chemical site relevant part of the shared base building. Leuna. Total investment in the project amounts — Advised Cube Real Estate on planning to more than a billion euros. and construction contracts for the — Advised Hines on the financing of the development of several student housing acquisition of the ‘Karlshoehe portfolio’ projects in Frankfurt, Düsseldorf, in Stuttgart, Germany, with a financing Oestrich-Winkel and Leverkusen. volume of more than €300m. 20 | Our real estate capability at your service
Hungary Recent work highlights — Advised Bluehouse Capital on the Facts and figures sale of an office building in Buda as an asset deal. Construction and development — Advised a US private equity firm on — Advised Goodman on the Located in Budapest the disposal of one of the largest development of the largest, multi- shopping centres in Hungary. billion-forint greenfield logistics facility in Hungary. Financing 2 real estate partners — Advised Pepkor Ingatlan Kft. — Advised Hypo Noe Landesbank AG and 7 lawyers (subsidiary of Pepco Hungary Kft.) on on the financing of 36 small the planned development of Pepco’s shopping centres located in the new regional distribution centre in countryside of Hungary. Gyál-Hungary (approximately Languages: English, German — Advised MHB Bank on a complex, 100,000m² warehouse area). and Hungarian large volume matter, on the — Advised a major German OEM on all financing of Mammut Shopping Mall issues concerning greenfield in Budapest. developments, including real estate Contact us — Advised Sberbank on a high-value (potential expropriation, construction property financing matter, the permits, site acquisition, etc.), foreign so-called Project Atrium financing, investments and state aid law, CMS Budapest which is one of the most effective corporate structure and tax. T +36 1 48348 00 office buildings in Budapest. F +36 1 48348 01 — Advised Erste Bank Hungary on the Investment and disposal financing of Futureal’s two office — Advised Atenor on the acquisition developments (Corvin 5 office park). and lease agreements of a 19,000m² The facility agreement was made Gábor Czike of land on the main road corridors in T +36 1 48348 19 under the so-called Growth Loan Budapest connecting the city centre E gabor.czike@cms-cmno.com Program of the Central Bank of to the airport and disposal of several Hungary. József Várady of the “Váci Greens” office buildings. T +36 1 48348 40 — Advised Futureal on the sale of E jozsef.varady@cms-cmno.com Corvin office portfolio to OTP Group. — Advised Torony Real Estate Investment Fund (managed by Diófa Alapkezelő) on the acquisition of the Alkotás Point office Building in Buda. 21
Italy Facts and figures Recent work highlights — Assisted Deutsche Asset Management in several leases regarding logistic facilities in Northern Investment and disposal Italy to different leading Italian Located in Rome and Milan — Advised Franklin Templeton in the transport and logistic companies. acquisition of the Fatebenefratelli — Assisted M&G Investment in drafting hospital in Venice. and negotiating a property — Advised Commerzbank in the 4 real estate partners management agreement with disposal of the shopping center Le and 6 lawyers reference to a property portfolio Cupole in Milan for the former managed in Milan. CSAM’s CS Euroreal fund to the Israeli investor Forma Real Estate Construction and development Languages: Italian, English Fund. — Advised Scannel Properties in a large and German — Advised Corpus Sireo number of forward purchase Immobilienfonds in the sale of an transactions in the logistic sector. office building in Milanofiori to AXA Advice includes acquisition of green Contact us REIM. or brown fields, conversion of use, — Assisted Union Investment together development, construction and lease with CMS Hamburg on the to logistic operators. CMS Rome acquisition for the UniImmo Europa — Advised Tristan Capital Partners in T +39 06 4781 51 fund of the Melody-Portfolio which F +39 06 4837 55 the refurbishment of an office comprised among assets in Germany building in Milan. Advice included CMS Milan also one of Italy’s largest shopping preparing the bidder documentation, T +39 02 89283 800 centre, “Le Befane” in Rimini from F +39 02 4801 2914 ECP contract and professional the fund CS Euroreal. advisory agreements, inclusive of — Advised Algonquin in a JV for the Health & Safety matters. acquisition of the Sheraton Rome — Advised AXA Reim in the Hotel from a consortium of investors Marco Casasole construction management CMS Rome including Benson Elliott, Walton agreement with Redbrick regarding a T +39 06 4781 51 Street Capital and Algonquin. E marco.casasole@cms-aacs.com residential development,Milan. — Advised SPRL 9 Hotel Collection Dietmar Zischg International in the acquisition of Financing CMS Milan 100% of the issued corporate capital T +39 02 89283 800 — Advised Bayern LB on the financing of Albergo Cesari S.r.l. and SCI Cesari E dietmar.zischg@cms-aacs.com transaction with regards to the S.r.l., companies that own and extension of one of Italy’s largest manage Albergo Cesari, a boutique shopping centre, the “Orio Center” hotel located in the historic centre of held by Commerz Real Investment- Rome. gesellschaft GmbH. Managers and occupiers — Advised a global on-line provider in the lease of several logistic premises including due diligence, change of use and fit-out agreements. 22 | Our real estate capability at your service
Kenya Recent work highlights Managers and occupiers Facts and figures — Advised the Delegation of the European Union on the negotiations Construction and Development and signing of a lease agreement — Set up and advising on the mixed- Located in Nairobi and Mombasa with the landlord for its new office use luxury condominium type space in Nairobi. development known as Billionaire — Acted for some of the top retail Resort in Malindi; including acting for landlords and shopping malls in 4 partners and 3 lawyers the developer in the sale of the units Nairobi in the leasing of commercial in the Real Estate team to individuals in Europe. space to tenants. — Advised a local developer, Rosslyn House Limited in the structure and Investment and disposal development of its hotel type suites Languages: — Acted for a not for profit co- Tamarind Tree Suites Rosslyn in English & Kiswahili operative financial institution Nairobi. established in the United States of — Advised Tamarind Management America that is associated with the Limited, a local hospitality operator Contact us United Nations on the structuring in the running of Tamarind Tree and establishment of a mortgage Suites Rosslyn. loan scheme for its employees. — Acted for PDM (Kenya) Limited, a CMS Nairobi property development company in T +254 020 4297000 Disputes M +254 711 064000 Kenya in the acquisition of a high net — Advised on and successfully worth parcel of land for its latest CMS Mombasa dismissing arbitration proceedings mixed-use development, breaking T +254 716 430651 brought against a leading M +254 734 606070 ground in Q2 of 2020. telecommunications company — Acted for Asante Kenya Foundation claiming substantial damages arising in its acquisition of large tracts of from a multi-billion-shilling building agricultural land at the Kenyan coast and construction contract. Harpreet Ubhi and advising them generally on CMS Nairobi agro-forestry projects. T +254 020 4297000 — Acted for various developers of E harpreet.ubhi@cms-di.com residential and commercial centres in Nishit Maru the coastal region, including Rhino CMS Mombasa Properties Limited (Refinery Place, T +254 716 430651 E nishit.maru@cms-di.com Changamwe – Office Block), Dynamic Company Limited (Airport Centre, Changamwe – Shopping Centre), Ocean Estates Limited (Simba Village, Diani – Apartments), Merrygold Residence Limited (Merrygold Apartments, Mombasa) and Kask Investments Limited (Karibu Gardens, Galu – Villas. 23
Luxembourg Facts and figures Recent work highlights Managers and occupiers — Advised a major supermarket chain regarding several commercial lease Construction and development issues for its supermarkets in Located in Luxembourg — Advised a company specialised in Luxembourg. project management and — Advised a landlord, a UK investment construction consulting services to company, regarding real estate corporate clients regarding a 2 real estate partners properties in Luxembourg (office litigation procedure related to and 15 lawyers buildings) including on leasing issues so-called defects affecting one of and on conflicts with tenants. the biggest buildings in Luxembourg, involving over 25 Financing Languages: French, English, parties. German, Luxembourgish, — Advised a major real estate investment Portuguese and Spanish company regarding a €224m financing Investment and disposal granted by a German bank with — Advised Allianz Real Estate regarding respect to the acquisition of a real its acquisition of the landmark office Contact us estate property located in Frankfurt project “THE ICON VIENNA” at am Main, Germany and to fund the Vienna’s new central railway station redevelopment of the property. on behalf of several Allianz — Advised a group specialised in student CMS Luxembourg companies, which represents an T +352 26 2753 1 accommodation projects regarding the investment of more than €500m. F +352 26 2753 53 acquisition and its financing of student — Advised Ekistics Property Investors, a housing properties in several cities in private equity investor based in Spain, including Madrid and Barcelona. London, on all legal aspects of the — Advised a Chinese development Pawel Hermelinski sale of Luxembourg-based real estate company which is looking to refinance T +352 26 2753 59 company EPIFC 6 S.à r.l. to UK real E pawel.hermelinski the acquisition of real estate properties estate developer Mitsubishi Estate @cms-dblux.com located in London by obtaining London as part of a share deal. EPIFC external finance secured on the asset. Jean-Dominique Morelli 6 holds an office building in Munich T +35226275383 — Advised a German bank in relation to which comprises 22,000m² and is let E jean-dominique.morelli a financing of the acquisition of a @cms-dblux.com to multiple tenants. property which is a mixed- use — Advised a Chinese development development purpose (retail / company ultimately owned by the residential). Beijing Government regarding its — Advised a real estate group regarding €236m acquisition of an office a €59m real estate financing granted building located in London. by a German bank with respect to the acquisition of a building in Germany. 24 | Our real estate capability at your service
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