Our Real Estate Capability at your Service - An overview - CMS Law
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CMS_LawTax_Negative_28-100.ep Our Real Estate Capability at your Service An overview October 2017
Contents Introduction3 Service tailored to your world 4 Client-focused thought leadership initiatives 8 Albania10 Austria11 Belgium12 Bosnia and Herzegovina 13 Brazil14 Bulgaria15 Chile16 China17 Colombia18 Croatia19 Czech Republic 20 England and Wales 21 France22 Germany23 Hungary24 Italy25 Luxembourg26 Mexico27 Monaco28 Montenegro29 Morocco30 The Netherlands 31 Peru32 Poland33 Portugal34 Romania35 Russia36 Scotland37 Serbia38 Singapore39 Slovakia40 Slovenia41 Spain42 Switzerland43 Turkey44 Ukraine45 United Arab Emirates 46 CMS a global perspective 47
Introduction
We are over 800 qualified lawyers working in real estate and construction,
spanning 40 countries and 60 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.
In the course of 2017 our practice went through substantial changes. In the UK, CMS merged with
the law firms Nabarro and Olswang on 1 May 2017, creating a new firm that is the sixth largest in the
UK by revenue. The CMS Real Estate and Construction practice is the largest real estate specialist team
in Europe and one of the biggest worldwide.
In July 2017 CMS added another key business location: PCM AVOCATS, one of the leading law firms
in Monaco, became part of CMS. This is the first time on the Monaco legal market that a local full-service
law firm joined an international firm. Additionally, CMS has a well-established presence in Africa, China,
South America and the Middle East, and is growing in Asia.
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 were it is allowed – with the simplicity of a single point of contact, even
at the 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.
Dirk Rodewoldt
Joint Head of the CMS Real Estate and Construction Practice
E dirk.rodewoldt@cms-hs.com
Arnout Scholten
Joint Head of the CMS Real Estate and Construction Practice
E arnout.scholten@cms-dsb.com
3
Service tailored
to your world
Some of our areas of intervention
Student Hotels &
Accommodation Resorts
Retail
Student Infrastructure
Hotels &
Accommodation Resorts
Residential
Retail Logistics
Infrastructure
Retirement Homes
Residential Offices
Logistics
Old People Homes
Tax Offices
Construction &
Development
Planning & Disposals
Tax
Environmental Construction &
Development
Occupiers Disposals
Financing
Planning &
Environmental
Managers Financing
Investments
Occupiers
Litigation
Investments
Managers
Litigation
4 | Our real estate capability at your service
Country quotes
Austria
“Well-respected team with a reputation for its activity in real estate
and construction.”
Chambers Europe, 2017
Belgium
Fully integrated team able to handle international clients through the firm’s
global network. The team “is able to give advice on a wide range of real
estate-related questions, from town planning to tax issues.”
Chambers Europe, 2017
Bosnia and Herzegovina
“The lawyers are focused on the client as well as being time and content-
efficient. There is also good synergy between the Sarajevo and regional
offices. They have solid multi-jurisdictional knowledge that facilitates their
work on leading transactions.”
Chambers Europe, 2015
Bulgaria
Clients appreciate the firm’s “quick reaction time.”
Chambers Europe, 2017
Croatia
“This team’s advice is commercial and well thought-through, and
communications are always clear and concise.”
Chambers Europe, 2015
Czech Republic
One client describes working with CMS as “perfect: flawless and smooth.”
Interviewees stress the team’s availability to clients: “What I most appreciate
is their response time: they are very responsive, more so than any other
firm that I have worked with.”
Chambers Europe, 2017
England and Wales
“They are very highly regarded. The team has been exceptionally pleasant
to deal with and I would rate them as a standout group. They can handle
transactions both small and large.”
Chambers UK, 2017
France
“Reliable team specialising in construction, commercial leasing
and town planning. Advises on construction contracts as well as
representing clients in related disputes. Major leasehold transactions for
luxury goods brands are another feature of the practice as are property
acquisitions in the hotel sector. Renowned tax team leads assistance
with real estate tax issues.”
Chambers Europe, 2015
Germany
Clients appreciate the firm’s presence across Europe, saying:
“For pan-European portfolio transactions they are very good as
they have an almost complete coverage of Europe.”
Further clients report that the team is “very deal-driven and
deal-oriented.”
Chambers Europe, 2017
Hungary
Market-leading real estate practice covering the full range of mandates,
both in Hungary and the wider CEE region.
The team is big enough to deal with complex projects involving
other disciplines like finance and tax, and other countries outside
of Hungary. Their approach is businesslike and client-friendly.”
Chambers Europe, 2017
The Netherlands
CMS team is “very approachable and capable”; its “turn-around
time is good, and our ad hoc matters are turned around quickly.”
Chambers Europe, 2017
Poland
“They are very hands-on and proactive. They present different solutions
and always outline risks and opportunities. They give real advice.”
“They are very responsive and work quickly. We get everything
on a deadline.”
Chambers Europe, 2017
Portugal
“The team provides quick answers and a high quality of service.”
Chambers Europe, 2015
Romania
“Very good to work with; very deal-oriented and reliable.”
Chambers Europe, 2016
Scotland
“They are excellent. I find them very proactive and very joined up.
They think on our behalf, which is a bonus.”
Chambers Europe, 2017
Serbia
“The team provides a very good service – the lawyers were attentive,
punctual and clear, as well as practical and to the point.”
Chambers Europe, 2016
Switzerland
The service provided is always excellent” and that the team is
“very effective.”
Clients also agree that “the quality of the work delivered is good
and always on time.”
Chambers Europe, 2017
Ukraine
“I was very happy with the work. The lawyers were available at any time.”
Chambers Europe, 2016
Client-focused
thought leadership
initiatives
As a group, we combine our expertise to drive important —— The CMS Guide to Real Estate Transaction Costs
issues for our clients and the industry. We do that in in Europe, a highly practical overview of costs,
various user-friendly forms, be they “green leases”, for including taxes, relating to acquisitions and disposals
which we have developed a pan-European standard of real estate, both as an asset or a company.
lease, real estate transaction costs, on which we Updated frequently it allows you to easily compare
produce an annual guide charting the different costs the costs of investing in different European countries.
across Europe, or real estate investors, who are able to
consult our 12 questions e-guide. —— A more detailed approach is taken in the e-guide
12 Questions on Real Estate. This guide answers
A few examples … some of the most common questions regarding real
estate across a number of European countries.
As the AIFM Directive continues to be very relevant for
the funds industry we have decided to summarise the —— Our own CMS European Real Estate Investment
latest developments in relation to the private placement Structures Guide provides a high-level overview
regimes of EU States, as well as covering certain non-EU and comparison of some of the common European
States. The CMS Brief Guide to Private Placement real estate investment structures utilised for
of Funds – Accessing European Investors post AIFMD attracting institutional equity, often a key ingredient
is accessible at our website. to succeeding in the real estate business.
While investing in real estate in one’s own country is not
always easy, many find that investing abroad is even
more complicated. To help real estate investors, we have
developed several companions:
National Private Placement Regimes
at a glance Sweden Finland
Norway
CMS_LawTax_Negative_28-100.eps
Estonia
Latvia
CMS Guide to Real Estate
Denmark Lithuania Transaction Costs and Taxes
Ireland
in Europe
United Kingdom The Netherlands Poland
Germany
Belgium
The Channel Luxembourg Czech Republic
Islandss
Slovakia
Austria
France Liechtenstein
Hungary
Switzerland
Slovenia
Romania
Croatia
Italy
Bulgaria
Portugal Spain
Greece
less restricted
highly restricted Malta
Cyprus
October 2016
CMS Brief Guide to Private Placement of Funds – CMS Guide to 12 Questions on Real Estate
Accessing European Investors post AIFMD Real Estate Transaction (e-guide)
(National Private Placement Regimes at a glance) Costs in Europe
8 | Our real estate capability at your service—— CMS European Real Estate Deal Point Study Europe – A practical approach e-guide. Practical,
2017 provides an overview of current best practice largely uniform, it simplifies implementing green lease
in property purchase agreements and highlights the clauses across the continent.
similarities, trends and differences that exist in
European contract practice. These insights are We also have guides on real estate finance and the
designed to help you when preparing for contract tax treatment of Real Estate Investment Trusts, all
negotiations. of which are regularly updated, because only current
information is useful.
For owners, managers and occupiers across Europe,
the environmental aspects of their real estate are We have recently re-launched our refreshed know-how
increasingly important in terms of costs and building platform Law-Now. It delivers legal updates, on the
value, but also with regard to their stakeholders. In topics relevant to you, when you want to receive them.
this respect we noticed a growing trend across many Many clients tell us that keeping up to date with regulation
European countries and we wanted to get a feel for is extremely challenging and as a result, they comment
what was happening so we could help clients more that this is the most useful value-add they receive! At its
efficiently. That’s how the e-guide Study on the use core, Law-Now is a news / information service that covers
of Green Lease Clauses in Europe came about. Taking 75 areas of law and 20 sectors across 30 jurisdictions.
the trends for standard convergence into account, we You can also access all the details of our knowledge
reviewed 20 contractual aspects across the region, events worldwide. The website is a valuable archive
providing a practical approach to a European standard, of articles and know-how built over the past ten years.
along with country-by-country variations when necessary.
The European standard which we developed is freely
accessible online as the Green Lease Clauses in
CMS_LawTax_CMYK_28-100.eps
Study on the use of
Green Lease Clauses in Europe
Key findings
September 2011
LS07108_RZ3_BR_GreenLeases.indd 2 06.10.11 11:20
CMS Study on the use CMS European Real Estate Law-Now: legal know-how and commentary
of Green Lease Clauses Deal Point Study 2017 relevant to your world
in Europe
9Albania
Facts and figures Recent work highlights
Construction and development Investment and disposal
Located in Tirana —— Advising the Municipality of Tirana —— Advising a major Italian energy
on preparing and tendering the trading company on its investments
construction of a new public related to the construction and
transport terminal under DBFOT development of several hydropower
One real estate partner
and two lawyers
concession contract with a value plants in Albania under BOT
of approx. EUR 40m. concession contracts.
—— Advising the Ministry of Infrastructure
of the Republic of Kosovo during Financing
Languages: English, Italian each and every pre-tender, tender —— Advising International Finance
and Albanian and pre-construction phase of the Corporation – IFC on its financing
Prishtine – Hani i Elezit Motorway and participation in an Albanian-
Project (relating to a motorway based company which focuses
Contact us of 60km in length), with a value on the construction and development
of approx. EUR 600m. of hydropower plant projects.
—— Advising Serenissima Costruzioni
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 EUR 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
10 | Our real estate capability at your serviceAustria
Recent work highlights Facts and figures
Planning and environmental Investment and disposal
—— Advising on construction and planning —— Advising an insurance company Located in Vienna
law issues in respect of the new on the acquisition of a real estate
project RWA Campus, a real estate project at the central railway station
development project in lower Austria. of Vienna.
Four partners and five lawyers
—— Assisting GLOBOPHARM —— Purchase of the landmark office
Pharmazeutische Produktions- project “THE ICON VIENNA”, which
und Handelsgesellschaft mbH in is situated close to the new central
connection with a new real estate station in Vienna. Languages: German and English
development project in Vienna from —— Advising the insurance company
construction and planning law Wüstenrot on the sale of the hotel
aspects. Castellani in Salzburg.
Contact us
—— Assisting Church Rectorate St. Karl
Borromäus & Verein der Freunde Managers and occupiers
und Gönner der Wiener Karlskirche —— Advising several international
in connection with construction, acting luxury brands regarding the CMS Vienna
re-dedication and planning legal establishment of flagship stores T +43 1 40443 0
F +43 1 40443 90000
issues in respect of “Karlskirche in Austria.
Wien” and surrounding areas. —— Advising international hotel chains
on several construction and lease law
Construction and development issues concerning its hotels in Vienna. Nikolaus Weselik
—— Advising on various construction —— Advising an international restaurant T +43 1 40443 2250
law matters in connection with the chain on an upscale project in the E n
ikolaus.weselik@cms-rrh.com
refurbishment and resettlement center of Vienna. Johannes Hysek
of the Austrian Parliament. T +43 1 40443 3250
—— Advising IES Immobilien Financing E johannes.hysek@cms-rrh.com
Projektentwicklung GmbH on one —— Advising the client as a consortium
of the biggest residential real estate manager in the financing of the
development projects in Vienna. Campus, the new headquarters
—— Advising the consortium and SPV of Erste Group Bank AG.
of the three Austrian construction —— Advising the client on the financing
companies – Leyrer & Graf, of a shopping centre.
Swietelsky, STRABAG, concerning —— Advising the client on the construction
claim management and construction financing of a 5-star hotel in Vienna.
related matters. —— Advising two banks on the financing
of the Immofinanz Group in
connection with refinancing of
a mixed-use real estate portfolio,
primarily made up of office and
retail space properties.
11Belgium
Facts and figures Recent work highlights
Planning and environmental Brussels sports and leisure club
Located in Brussels and Antwerp —— Advising Klépierre on the extension from the UK group David Lloyd and
of its Louvain-La-Neuve shopping mall. lease-back via an emphyteotic lease).
—— Advising a local authority on the
conversion of a hospital site into Managers and occupiers
Four real estate partners and
counsels and ten lawyers
residential accommodation. —— Advising M&G Real Estate, Savills,
Honeywell, CBRE Global Investors
Construction and development and other funds and private investors
—— Advising Unibail Rodamco and the on asset management related matters.
Languages: Dutch, English, French winning consortium on the EUR 550m —— Acting for a number of occupiers
redevelopment of the Heysel site (Amlin, AMP, Beline, Calzedonia,
(Project NEO) as a mixed use project El Ganso, Elli Lilly, Hard Rock Café,
Contact us comprising a shopping mall, Logica, Sergent Major, Statoil,
590 housing units, two day Sportsdirect.com, Siemens, to name
nurseries, 3,500m2 offices, a few) in the (re)negotiation of
a retirement home, 112,000m2. occupancy agreements.
CMS Brussels
T +32 2 74369 00
dedicated to indoor and outdoor
F +32 2 74369 01 leisure and 30 restaurants. Financing
—— Acting for Buro Happold in the —— Assisting on the acquisition of the
context of a global study contract Square de Meeûs building by Hana
concerning the renovation by the Genii, a structure comprising two
Bruno Duquesne Federal Building Agency of the Korean investment funds with
T +32 2 74369 40
E bruno.duquesne@cms-db.com
“Residence Palace”, the future seat Korean institutional investors behind
of the European Council. them. The Square de Meeûs building
Pierre-Axel Chabot is a EUR 200m+ 38,000m2 office
T +32 47 730 8345
E pierreaxel.chabot@cms-db.com
Investment and disposal building fully let to the European
—— Advising Savillis, Mora Bank and Parliament on a usufruct agreement.
other funds on the acquisition and —— Advising Helaba on the financing of
disposal of several office buildings the “Covent Garden” office building
in Brussels. by Hannover Leasing and a Chinese
—— Advising Eurolodgian on their partner (EUR 130m).
acquisition of the “White Atrium” —— Advising Aareal Bank on the
office building in Brussels financing of the acquisition of
(deal structuring, due diligence, the “Belair” building by Hannover
negotiation of acquisition and Leasing and a Chinese partner
financing documentation). (EUR 152m).
—— Advising M&G Real Estate in the first —— Advising MünchenerHyp on
transaction of its new long-term the financing of the acquisition
investment European fund of the “South City” building
(acquisition of the David Lloyd by Real I.S. (EUR 27m).
12 | Our real estate capability at your serviceBosnia and Herzegovina
Recent work highlights Facts and figures
Planning and environmental —— Advising Fresenius Medical Care
—— Advising a major globally-active on all legal aspects regarding the Located in Sarajevo
Chinese financial institution on EUR 30m establishment of three
all aspects of the financing of dialysis centres in Bosnia, which
the construction of a thermal co- includes PPP, procurement, regulatory,
11 team members
generation power plant and heating corporate, employment and real
plant in Bosnia and Herzegovina. estate matters. Additional advice
—— Advising Vestas, the world’s largest included legal services regarding
wind turbine manufacturer, on their additional three dialysis centers Languages: Bosnian, Croatian,
ongoing renewable energy project established, two in Republika Srpska Serbian, English, German,
in Bosnia and Herzegovina. entity and one in the Brcko District. Slovenian and Swedish
—— Advising OTIS Holdings GmbH & Co
Construction and development OHG on the establishment of a
—— Advising Marriott International and Bosnian company and assistance Contact us
Interstate Hotels & Resorts Company regarding all corporate matters.
on various corporate, general
business, employment and other Managers and occupiers CMS Sarajevo
matters including drafting hotel —— Advising Hypo Alpe Adria Group T +387 33 94 4600
F +387 33 94 4690
management agreement and other regarding temporary management
contracts related to construction of (including all general real estate
the Residence Inn by Marriott in matters) over one of the biggest
Sarajevo. The overall value of the shopping centres in Bosnia and Nedžida Salihović-Whalen
Residence Inn by Marriott investment Herzegovina based on the awarded T +387 33 94 4600
is EUR 8m, while the Courtyard by custody as part of the enforcement E n
edzida.salihovic-whalen@
cms-rrh.com
Marriot investment is also expected procedure.
to be several EUR.
—— Advising the Belgian international Financing
food retailer Delhaize on sale of its —— Acting for Kohlberg Kravis Roberts
local store chain in Bosnia and & Co. L.P. (“KKR”) in connection with
Herzegovina. the acquisition by funds advised by
KKR of the SBB / Telemach Group from
Investment and disposal Mid Europa Partners (“MEP”) in a
—— Advising HENKEL Central Eastern competitive auction. The transaction
Europe GmbH on various corporate, was KKR’s first investment of this
general business, employment and scale in the CEE region and raised a
other matters of importance to variety of legal and structuring issues.
specific business operations relating —— Advising the European Fund for
to their expansion in Bosnia and Southeast Europe on several projects
Herzegovina and on all legal matters regarding loans to local banks
regarding construction of a new as well as microcredit organizations.
EUR 7m factory.
13Brazil
Facts and figures Recent work highlights
—— Balmoral Offshore Engineering —— Estee Lauder S.A. (Cela Cosméticos
Located in Rio de Janeiro on the acquisition of land in the S.A.) on the construction,
state of Espirito Santo, Brazil for development, implementation,
the construction of a plant for the and permits for its new cosmetics
manufacture of buoyancy devices distribution centre for Chile,
One real estate partner
and one lawyer
for the offshore oil and gas industry, Argentina, Brazil, and Peru.
as well as advising on environmental
permitting requirements. —— A German company on the acquisition
of residential real estate in the state
Languages: Portugese, English, —— MRP International on its entry into of Ceará, Brazil.
French and Spanish the Brazilian market, including
regulation of the Porto Maravilha
urban redevelopment project in
Contact us Rio de Janeiro, and on its joint
venture with the Trump Organization
for the high profile Trump Towers
CMS Rio de Janeiro
Rio project, one of the largest
T +55 21 3722 9830 commercial property developments
in Latin America.
Ted Rhodes
T +55 21 3722 9831
E ted.rhodes@cms-cmno.com
14 | Our real estate capability at your serviceBulgaria
Recent work highlights Facts and figures
Planning and environmental region. Work involved assistance with
—— Successfully supporting M + W the project financing and during the Located in Sofia
Group in the preparation for their bid lease process. We also advised on the
regarding the construction of the subsequent sale of the retail park.
largest Waste-to-Energy facility in —— Advising Tishman International
Three real estate partners and
Bulgaria. The work included Management Ltd on the sale of its real nine lawyers
preparation of a Memorandum on estate office development in Sofia.
the Bulgarian legislation regarding
Waste-to-Energy projects, which Managers and occupiers
eventually resulted into a bigger —— Advising UCTAM Bulgaria in Languages: Bulgarian, English,
mandate for Central and Eastern the negotiations of a long-term German, French, Hebrew
and Russian
Europe. CMS Sofia has successfully commercial lease agreement
assisted the client for their market (revision and amendments of the
entry in Bulgaria and is geared for tenant’s version); participation
further assistance during the project in the negotiations of the draft Contact us
implementation stage. lease agreement; preparation
of supporting commercial and
Construction and development corporate documents and legal CMS Sofia
T +359 2 447 1350
—— Advising Impresa Pizzarotti & C. opinions on the content of the lease
F +359 2 447 1390
S.p.A. (Italy) and its Bulgarian partners agreement and other related issues,
on the structuring and participation in assistance of UCTAM in the process T +359 2 92199 10
F +359 2 92199 19
the tender announced by the of signing of the lease agreement.
Bulgarian Government regarding the —— Advising Cargill on a long-term lease
construction of Struma Highway and agreement with regard to the client’s
on various public procurement, new shared services centre in Bulgaria
Darina Baltadjieva
corporate and regulatory matters. which covers an area of over 3000m2. T +359 2 447 1350
—— Advising Swietelsky, the leading —— Advising AIG Europe on the leasing E darina.baltadjieva@cms-rrh.com
Austrian construction company, on of its office premises in Sofia.
Jenia Dimitrova
issues related to the construction T +359 2 92199 10
of railroad segments in Bulgaria. Financing E jenia.dimitrova@cms-cmno.com
—— Supporting UniCredit Bank Austria
Investment and disposal AG on the restructuring of a real
—— Advising Revetas group on the estate financing in Bulgaria. The scope
acquisition of an office real estate of our work includes the provision of
project in Bulgaria (EUR 52m). due diligence advice, as well as
—— Advising Europa Capital, a real estate general support on the financing
fund manager focused on European documentation. We are also advising
markets, in respect of its retail park on commercial agreements under
development in the city of Plovdiv, Bulgarian law (EUR 100m).
Bulgaria, which represents the only
third generation retail park in the
15Chile
Facts and figures Recent work highlights
—— Rezepka Inmobiliaria on the —— IBF Energía Fondo de Inversión
Located in Santiago de Chile development of real estate projects, Privado on feasibility studies for
acquisitions, title investigations, various greenfield solar power
procurement of building permits, projects.
drafting of the co-ownership
One real estate partner
and three lawyers
regulation and the subsequent —— Unilever on contract tendering and
sale of various warehouse facilities, project development of distribution
apartment buildings, and office centers in Valle Grande (Lampa) and
space. development of the industrial park
Languages: Spanish and English in Llay-Llay.
—— Aki KB Minibogedas SpA on various
self-storage center projects and all —— Inverpaz and Inmobiliaria Grupo
Contact us matters regarding local permits for Imagina on the tender process
project construction. for construction contracts; land
acquisition; project development,
—— Estee Lauder S.A. (Cela Cosméticos property co-ownership proceeding,
CMS Santiago de Chile
T +562 24852 000 S.A.) on the lease of the building, houses and apartments up for sale.
development, implementation,
and permits for its new cosmetics —— Independencia Fondos de Inversión
distribution centre for Chile, on the formation of public investment
Pabla Gaínza Argentina, Brazil, and Peru. funds such as ‘Independencia Rentas
T +562 24852 093
Inmobiliarias’.
E pabla.gainza@cms-ca.com
—— IBF Capital on due diligence for a
Karin Muñoz medical building facility, as well as
T +562 24852 093
the acquisition of a cemetery and
E karin.munoz@cms-ca.com
analyzing all special permits required
for such projects.
16 | Our real estate capability at your serviceChina
Recent work highlights Facts and figures
Planning and environmental Managers and occupiers
—— Advising a German major wind tunnel —— Advising a world-leading sports car Located in Shanghai and Beijing
engineering company on planning maker on the build to lease structure
and engineering of a wind tunnel for its dealer shops in China.
for a top-tier technical university —— Advising a global leading optics and
One real estate partner
in Shanghai. opto-electronics manufacturer on and six associates
—— Advising a major German automotive the build to lease structure for its
supplier on the planning and Chinese Headquarters in Shanghai.
development of an R&D centre —— Advising Virgin Atlantic Airways
in Shanghai. Limited on the negotiations and Languages: Chinese, English,
signing of a lease agreement with German and French
Construction and development the landlord for its office space
—— Advising a world-leading sports in Shanghai.
car maker on the construction Contact us
of a driving experience centre Financing
in Shanghai. —— Advising a global leading automotive
—— Advising a well-known supplier of components manufacturer on CMS Shanghai
equipment and services to packaging the construction and lease of T +86 21 6289 6363
F +86 21 6289 0731
and label manufacturers on a production base in Nanjing and
construction contracts for its on the project financing structure, CMS Beijing
plant in Changzhou. including drafting of general T +86 10 8527 0259
F +86 10 8590 0831
—— Advising an international group contracting agreements and
dedicated to the design, development negotiations with major state-
and manufacture of metal automotive owned construction groups.
components on construction —— Advising a leading German Ulrike Glueck
contracts for its plant in Kunshan. development company on project T +86 21 6289 6363
financing for investment in major E ulrike.glueck@cmslegal.cn
Investment and disposal manufacturing companies in China, Nick Beckett
—— Advising a world-leading producer including drafting of joint venture T +86 10 8527 0287
of fibre products on the acquisition contracts, shareholders’ loan E n
ick.beckett@cms-cmno.com
of land use rights and construction agreements and security agreements,
of factory buildings in Hangzhou. as well as assistance in negotiations.
—— Advising a major German machinery
company on sales of the granted
land use rights and factory buildings
in Shanghai to a Chinese
development company.
—— Advising a leading hardware
manufacturer headquartered in
Germany on various real estate issues
during the acquisition of an asset
in China.
17Colombia
Facts and figures Recent work highlights
—— Promotora ACR SAS on every legal —— Promotora AC on substantial
Located in Bogotá and Medellin aspect of the construction of amendments to the fiduciary
La Serrezuela, a luxury retail center structure for the construction and
in Cartagena, one of the most iconic operation of the Bastión Luxury
touristic places in Colombia. Among Hotel in Cartagena.
Two partners and five associates
other legal advice, CMS is drafting
and negotiating with more than —— Sala Logística de las Américas on
150 retailers on all the contracts bidding process for the concession
Languages: English, Spanish
for the operation and occupation of the Convention Center in the city
and French of the space. of Cartagena, along with Concreto
y GHL.
—— Grupo Jaguar Capital on the
Contact us structuring of two projects involving —— Empresa Virgilio Barco on the
the construction of malls located renovation project of the National
in the regions of Urabá and Montería Administrative Center (‘CAN’). This
in Colombia. is one of the top five infrastructure
CMS Bogotá
T +57 1 321 8910
projects in Bogota.
—— Grupo Jaguar Capital on the sale
CMS Medellin of a lot in Medellín to Amarilo and —— Cámara de Comercio de Bogotá,
T +57 4 604 0433
in the attainment of the license for Corferias and FONTUR on the
the construction of the mall ‘Centro planning and structuring of a
Comercial Primavera’. project to develop the International
Juan Camilo Rodríguez
Convention Center of Bogotá
T +57 1 321 8910 —— Almacenar on the lease of their (Ágora), one of the most advanced
E juan.rodriguez@cms-racla.com warehouses to Grupo Santo convention centers in Latin America.
Clara María Uribe
Domingo, one of Colombia’s most
T +57 4 604 0433 powerful business conglomerates.
E clara.uribe@cms-racla.com
—— Savills on the complex review of
property titles including: ownership,
analysis of previous owners, liens and
encumbrances, and legal proceedings
for the office to be occupied by the
European Union in Bogotá, Colombia.
18 | Our real estate capability at your serviceCroatia
Recent work highlights Facts and figures
Planning and environmental Managers and occupiers
—— Advising a bidder on the due —— Advising Hotel MIRAMAR d.o.o. Located in Zagreb
diligence and purchase of a cement on the full scope of corporate,
facility portfolio in Croatia and commercial and tax matters.
the SEE region. —— Advising Rockspring in their
Two real estate partner
—— Advising Ecowind, leading Austrian management of a real estate and two associates
wind energy company, in the portfolio, including lease,
acquisition of two wind farm targets. construction and use of the
real estate aspects.
Construction and development Languages: Croatian, English
—— Advising Bauhaus Group on Financing and German
the due diligence, purchase and —— Advising the European Investment
construction of a retail centre Bank (EIB) with a loan granted
in Varaždin, Zagreb and Split. for the expansion of the Dubrovnik Contact us
—— Advising Erste Bank on the acquisition Airport.
of the hotel resort “Sun Gardens” —— Advising Erste Group in financing
near Dubrovnik; this has included Supernova’s Croatian expansion CMS Zagreb
complex advice on the buyer’s due referred to by the media as the T +385 1 4825 600
F +385 1 4825 601
diligence, legal and tax structuring, blitzkrieg on the Croatian shopping
transactional tax work, advice on the centre market, including all financing
sale’s process as well as advice on aspects and reviews of lease
the agreement on future cooperation agreements and other land plot Gregor Famira
with the former owner of the asset. matters. T +385 1 4825 600
E g
regor.famira@cms-rrh.com
Investment and disposal Ana-Marija Skoko
—— Advising MET Holding as bidders T +385 1 4825 600
in a series of tender procedures E ana-marija.skoko@bmslegal.hr
for the acquisition of several gas
distribution targets.
—— Advising Odien in the acquisition
of a five star hotel and marina
on the Adriatic coast.
19Czech Republic
Facts and figures Recent work highlights
Construction and development —— Advising Invesco Real Estate on the
Located in Prague —— Advising Neturen, a Japanese sale of shopping centre Varyada
company manufacturing components to European Property Group.
for the automotive industry, on —— Advising LMS Outlets Limited on the
a greenfield development in the EUR 71.5m sale of the Fashion Arena
One real estate partner
Triangle industrial park located Outlet Center, a 25,000m2 outlet
and ten lawyers
in Ústí nad Labem. centre consisting of 110 stores.
Investment and disposal Managers and occupiers
Languages: Czech, English —— Advising Deka Immobilien on the —— Advising ING Bank on the lease of
and German acquisition of the prestigious site its Prague headquarters in the Harfa
“The Park” in Prague. “The Park” Office Centre.
is a state-of-the-art complex —— Advising multiple clients – including
Contact us consisting of 12 office buildings Deka Immobilien, Pramerica Real
built between 2003 and 2008 in an Estate Investors and Standard Life
attractive campus-style formation. Investments, on leasing matters
It was the largest ever office related to their property portfolio
CMS Prague
T +420 2 96798 111 transaction in the Czech Republic. in the Czech Republic.
F +420 2 21098 000 —— Advising Standard Life Investments
on the sale of Palác I.P. Pavlova 5, Financing
a multi-let office building located —— Advising Raiffeisen Bank International
in central Prague. on a successful financing, in
Lukáš Hejduk —— Advising Azora Europa on the sale connection with the cross-border
T +420 2 96798 892
E lukas.hejduk@cms-cmno.com of Galleries Louvre. acquisition of a logistics portfolio by
—— Advising Pradera on the Czech the Czech head-quartered logistics
and Polish aspects of EUR 900m giant, P3, from CA Immobilien
acquisition of IKEA portfolio. Anlagen AG.
—— Advising Pramerica Real Estate —— Advising Česká spořitelna and
International AG on the sale of a real Komerční banka on the refinancing
estate portfolio in Poland, Slovenia and of the Bainbridge real estate
the Czech Republic to Revetas Capital. portfolio consisting of large shopping
—— Advising Pramerica Real Estate centres and retail assets located
Investors on the cross-border sale across the Czech Republic.
of six logistics projects in the Czech
Republic and in Poland to Blackstone.
20 | Our real estate capability at your serviceEngland and Wales
Recent work highlights Facts and figures
Planning and environmental Investment and disposal
—— Acting for UK and EU multinationals —— Advised Landsec on the GBP 1.28bn Located in London, Bristol,
Reading, Sheffield and Manchester
on the sale of industrial facilities disposal of its joint venture interest
with historic contamination for holding 20 Fenchurch Street, London.
redevelopment to sensitive uses This was the largest ever single
(including provisions for the conduct building transaction in the UK. 67 real estate partners
of remediation). —— Advised Credit Suisse Asset and 112 lawyers
—— Advising Hammerson & Standard Management as lead advisor to
Life on the Brent Cross Cricklewood Hong Kong investor Cheung Kei
Opportunity Area, a major Group on the GBP 410m purchase
regeneration to deliver over 1.4m sqf of 20 Canada Square, a landmark Languages: English, French,
German and Spanish
of retail and leisure space, hotel, 12-story office building in London’s
industrial uses and 7,500 new homes. Canary Wharf business district.
This included the largest section
106 agreement in UK history. Managers and occupiers Contact us
—— Advising Google on the acquisition
Construction and development and on-going development of a 1m sqf
—— Advising Lendlease in joint venture new UK headquarters at the King’s CMS London
T +44 20 7367 3000
with London & Continental Railways Cross estate in London.
F +44 20 7367 2000
on one of the most significant —— Advised Snap on the letting of
Olympic Legacy Developments. a prestigious West End office on
International Quarter London will a ten year lease at 77 Shaftesbury
deliver over 4m sqf of offices. Avenue, London. Pranai Karia
—— Advising Far East Consortium on one —— Advised Skyscanner on moving to T +44 20 7367 2742
E p
ranai.karia@cms-cmno.com
of the UK’s most ambitious housing- London and into permanent offices
led regeneration projects. The and a brand new development at Alistair Kennedy
Northern Gateway is a GBP 1bn 1 Bedford Avenue, taking three floors. T +44 20 7367 3993
E a listair.kennedy@
development which will deliver over
cms-cmno.com
10,000 homes in the North West
of England.
—— Acting for Imperial College
on its Imperial West Campus
redevelopment project (one of the
largest development projects in
London) from the acquisition to
the latest aspects of the project –
thedevelopment of a 34 storey
residential tower block.
21France
Facts and figures Recent work highlights
Planning and environmental —— Acting as legal advisor of both Palm
Located in Paris and in Lyon —— Advising RIU Hotels and Resorts on Beach Development and Palm Beach
and Strasbourg
environmental matters concerning the Cannes Côte d’Azur on the acquisition
acquisition of the Hotel Radisson Blu of “Cannes Balnéaire”. The portofolio
Resort Marina & Spa at Saint Martin. of “Cannes Balnéaire” notably include
Three real estate partners
—— Advising Givaudan Group for the Palm Beach, one of Cannes’
and 12 lawyers the acquisition of 100% of the trophy assets.
capital of Soliance from ARD,
on environmental matters. Managers and occupiers
—— Advising a major online retailer —— Assisting an American multinational
Languages: French and English on key environmental issues related consumer goods company regarding
to warehouse agreements. the signing of a commercial lease
related to industrial premises (classified
Contact us Construction and development facilities for the protection of the
—— Acting as the legal adviser of QNB environment) owned by a German
Capital in the context of all matters investor.
CMS Paris
related to the creation of a Fauchon —— Advising a French major investment
T +33 1 4738 5500 world-class hotel in the heart of Paris. company on shopping center extension
—— Acting as legal advisor of The projects and on several real estate
Ascott Limited (Citadines) for the and co-ownership files (including
redevelopment of a residential and their related litigation procedures).
Aline Divo office building located within Paris’ —— Advising a major British property
T +33 1 4738 5695
E aline.divo@cms-bfl.com
Central Business District into a 5* hotel development and investment
(drafting and negotiation of the company on shopping center
Jean-Luc Tixier property development agreement). extension projects and on real
T +33 1 4738 5648
E jean-luc.tixier@cms-bfl.com
—— Advising Gaumont on the estate and co-ownership files.
redevelopment of a building located —— Advising a major American insurance
Philippe Riglet Avenue des Champs Elysées into company on the negotiation of a
T +33 1 4738 4042
E philippe.riglet@cms-bfl.com
a flagship shop for a leading retailer commercial lease for office premises
(drafting and negotiation of the located in a high rise building within
construction contract and the the Paris business district of La
commercial lease of an off-plan Défense taking over seven floors.
property).
Financing
Investment and disposal —— Acting as legal adviser of a Dutch
—— Advised Tagerim Gestion Immobilière investment fund for the purposes of
on the disposal of the real estate the acquisition of a French real estate
services branch (19 companies) investment fund (OPCI) and the
to Foncia (one of the French major refinancing of the financial debt of said
real estate services company). fund, owning indirectly 11 properties
dedicated to retail activities.
22 | Our real estate capability at your serviceGermany
Recent work highlights Facts and figures
Planning and environmental —— Advising Allianz Real Estate on the
—— Advising VERBUND AG in various acquisition of the landmark office Located in Berlin, Cologne,
Duesseldorf, Frankfurt, Hamburg,
water-law licence and planning building “The Icon Vienna” in Leipzig, Munich and Stuttgart
approval procedures for several Vienna from SIGNA Development
hydroelectric power plants on the Selection with a volume of more
Inn and the Danube, issues include: than EUR 500m in a forward deal.
EIA issues, water and environmental 36 real estate partners
protection law, waste law, Managers and occupiers and 61 lawyers
maintenance duties. —— Advising Ekistics Property Advisors
—— Advising several investors, among on asset management issues for
others Highland Group, British Wind their German real estate.
Languages: German, Croatian,
Energy and Iberdrola, on approval —— Advising Tesla on rental matters Czech, Dutch, English, French,
procedures for several offshore wind regarding the expansion in Germany. Greek, Italian, Polish, Russian,
farms e.g. “Veja Mate”, “Deutsche Spanish and Swedish
Bucht” and “Wikinger”. Financing
—— Advising Allianz on the involvement
Construction and development in a credit line for Invesco to Contact us
—— Advising to long-standing client refinance existing real property
Albert Speer + Partner on the financing and to finance further
planned extension to the European purchases of real property in a CMS Berlin
Investment Bank (EIB) in Luxembourg number of jurisdictions. (Financing T +49 30 20360 0
(Kirchbergplateau), including volume: up to EUR 1bn). F +49 30 20360 2000
negotiations and the contractual —— Advising GEG German Estate Group
BIM requirements as well as the on financing the acquisition of the
relationships to sub-contractors. International Business Campus (IBC)
Sebastian Orthmann
—— Advising Immofinanz Group on in Frankfurt with a total of around T +49 40 37630 354
project FLOAT, a landmark office 84,000m2 of rental space and E s ebastian.orthmann@
complex in the media harbour of a volume of more than EUR 400m. cms-hs.com
Duesseldorf. The project consists Dirk Rodewoldt
of six buildings with more than T +49 711 9764 163
30,000m2 designed by Renzo Piano E d
irk.rodewodt@cms-hs.com
Building Workshop.
Investment and disposal
—— Advising Universal-Investment
on the acquisition of a high street
portfolio from Corestate, consisting
of 90 properties with a value of
approx. EUR 700m in a share deal
structure via Germany and
Luxembourg companies.
23Hungary
Facts and figures Recent work highlights
Planning and environmental Managers and occupiers
Located in Budapest —— Advising a multinational company on —— Advising Bedori Investment on the
environmental law issues regarding leasing of a new hotel development
soil contamination. of MEININGER Hotels in Hungary.
—— Advising Warehouse developers and
Two real estate partners
and seven lawyers
Construction and development managers on the acquisition and
—— Advising Becton Dickinson on the leasing of two sites and the leasing
construct of a new manufacturing of several warehouse premises
facility in Hungary which is scheduled in Hungary.
Languages: English, German to open in 2017.
and Hungarian —— Advising Datalogic on the Financing
construction of a new factory —— Advising Erste Bank Hungary on
in Balatonboglár, Hungary. several high profile real estate
Contact us financing transactions, including
Investment and disposal refinancing of the Spiral Office
—— Advising Futureal Group on the sale Building, GTC’s newest office
CMS Budapest of the 25,000m2 Skypark office complex development, Green
T +36 1 48348 00 building for more than HUF 40bn. House Office Building or Óbuda
F +36 1 48348 01
—— Advising ATENOR on the sale of Gate, Office Garden as well as the
three buildings in the VACI GREENS financing of a property fund, Fashion
campus in Budapest. The campus Street and GTC – Renaissance Plaza.
Gábor Czike
offers six buildings with a total of —— Advising Raiffeisen Bank on several
T +36 1 48348 19 120,000net m² of office space, three high profile real estate financings,
E gabor.czike@cms-cmno.com of which have been sold to date and including the refinancing of Kempinski
József Várady
a fourth is currently being built. Hotel and Four Seasons, two five-star
T +36 1 48348 40 —— Advising Union Investment on the luxury hotels in Budapest.
E jozsef.varady@cms-cmno.com sale of the 18,000m² office property —— Advising OTP Bank on several
Krisztina Palace in Budapest. high profile real estate financings
—— Advising Trei Real Estate on in Hungary and across the region,
a sale of a portfolio of 40 Spar including the financing and
leased supermarkets to Erste Asset restructuring of a shopping mall
Management, which Trei claims is in Varna.
the largest Hungarian retail portfolio
transaction in 2017.
24 | Our real estate capability at your serviceItaly
Recent work highlights Facts and figures
Investment and disposal resulting in conversion of office
—— Advising Union Investment on the building and full refurbishment Located in Rome and Milan
acquisition of one of Italy’s largest of existing hotel.
shopping centres via a share deal by —— Advising private European hotel
acquiring 100% of the stake holding group in the acquisition of a 40+
Two real estate partners
in the special purpose vehicle. room boutique hotel in the city and four lawyers
—— Advising Aberdeen Asset Management centre of Rome.
Deutschland AG as advisor to —— Advising PGIM in the long-term lease
Commerzbank AG, depositary bank of a logistic facility to Codognotto
of the “DEGI International” fund, S.p.A., a leading Italian transport and Languages: Italian, English
in relation to the sale of a property logistic company. and German
located on viale Giorgio Ribotta 11 —— Advising Sanifair in the lease of several
in Rome purchased by Amundi Real facilities throughout Italy for rest room
Estate Italia SGR trough the Nexus 1 operations and related fit out work. Contact us
fund. The viale Ribotta 11 property —— Advising leading US online provider
is part of Europarco Business Park, in the lease and fit out of several
one of the most significant areas of logistic sites throughout Italy. CMS Rome
recent urban development in Rome. —— Advising Festa Trasporti & Logistica T +39 06 4781 51
—— Advising Intesa Sanpaolo REOCO S.p.A. a long term lease agreement F +39 06 4837 55
in the legal due diligences for its for logistic facilities with BNP Paribas. CMS Milan
multibillion workout program and T +39 02 89283 800
repossession of the properties Financing F +39 02 4801 2914
granted as collateral. —— Assistance to Bayersiche Landesbank
—— Advising Isola Verde and Festa in the loan agreement and security
Trasporti & Logistica on the sale of package in relation to a EUR 85m
Marco Casasole
a logistic site located in Montichiari loan granted to a Commerz Real CMS Rome
(Brescia). Investmentgesellschaft mbH for the T +39 06 4781 51
—— Advising Savills on the acquisition expansion of one of Italy’s largest E marco.casasole@cms-aacs.com
of Larry Smith Italia, a major Italian shopping centers, the Orio Center Dietmar Zischg
shopping center and out of town in Bergamo. CMS Milan
management and leasing business —— Assistance to Bayerische Landesbank T +39 02 89283 800
E dietmar.zischg@cms-aacs.com
with headquarters in Milan. in the loan agreement and security
package in relation to a EUR 7m loan
Managers and occupiers granted to Warburg-HIH for the
—— Advising major hotel operator in acquisition of a retail property in
connection with operator selection northern Italy.
process conducted by institutional
investor (primary insurance company)
for a new hotel in Rome city centre,
25Luxembourg
Facts and figures Recent work highlights
Construction and development —— Advising a landlord, a UK investment
Located in Luxembourg —— Advising a company specialised company, regarding real estate
in project management and properties in Luxembourg (office
construction consulting services buildings) including on leasing issues
to corporate clients regarding and on conflicts with tenants.
Two real estate partners
and 15 lawyers
a litigation procedure related to
so-called defects affecting one of Financing
the biggest buildings in Luxembourg, —— Advising a major real estate
involving over 25 parties. investment company regarding
Languages: French, English, a EUR 224m financing granted by
German, Luxembourgish, Investment and disposal a German bank with respect to the
Portuguese and Spanish
—— Advising Allianz Real Estate regarding acquisition of a real estate property
its acquisition of the landmark office located in Frankfurt am Main,
project “THE ICON VIENNA” at Germany and to fund the
Contact us Vienna’s new central railway station redevelopment of the property.
on behalf of several Allianz —— Advising a group specialised in
companies, which represents an student accommodation projects
CMS Luxembourg investment of more than EUR 500m. regarding the acquisition and its
T +352 26 2753 1
—— Advising Ekistics Property Investors, financing of student housing
F +352 26 2753 53
a private equity investor based in properties in several cities in Spain,
London, on all legal aspects of the including Madrid and Barcelona.
sale of Luxembourg-based real estate —— Advising a Chinese development
Julien Leclère company EPIFC 6 S.à r.l. to UK real company which is looking to
T +352 26 2753 28 estate developer Mitsubishi Estate refinance the acquisition of Real
E julien.leclere@cms-dblux.com
London as part of a share deal. Estate properties located in London
Vivian Walry EPIFC 6 holds an office building in by obtaining external finance secured
T +352 26 2753 21 Munich which comprises 22,000m² on the asset.
E vivian.walry@cms-dblux.com
and is let to multiple tenants. —— Advising a German bank in relation
—— Advising a Chinese development to a financing of the acquisition
company owned ultimately owned of a property which is a mixed-
by the Beijing Government regarding use development purpose
its EUR 236m acquisition of an office (retail / residential).
building located in London. —— Advising a real estate group
regarding a EUR 59m real estate
Managers and occupiers financing granted by a German bank
—— Advising a major supermarket with respect to the acquisition of
chain regarding several commercial a building in Germany.
lease issues for its supermarkets
in Luxembourg.
26 | Our real estate capability at your serviceYou can also read
