房地产与基础设施

Taylor Wessing advises GARBE on sale of eight logistics centers to Union Investment

International law firm Taylor Wessing, led by Hamburg partner Anja Fenge and Hamburg partner Bernhard Kloft, provided comprehensive legal advice to GARBE Industrial Real Estate on the sale of eight logistics centers to Union Investment. The portfolio consists of six development projects and two existing buildings with a total area of 218,144 square meters. The purchases are being made for two new pan-European logistics special funds launched by Union Investment together with GARBE Industrial Real Estate.

Advising Cara on a prestigious acquisition

Cara Real Estate, the real estate arm of Cara Investment, on its acquisition of 7-10 Waterloo Place from real estate investment manager Barings. The Grade II listed office building in St James' was sold for GBP71m and is Cara's second London deal following the purchase of 20 Soho Square for GBP117m in 2018. This transaction drew on the deep expertise offered by the firm's real estate, construction, planning, banking and finance and corporate teams.

Deutsche Bank Commercial Real Estate Group on its first SONIA loan

Deutsche Bank Commercial Real Estate Group on its first Sterling Over Night Index Average (SONIA) benchmark based loan. This marks not only Deutsche Bank's first alternative rate loan, but also one of the first adoptions of a loan referencing an average of overnight SONIA in the entire market. The benchmark was used an alternative to London Inter-Bank Offered Rate (LIBOR). The loan references a compounded average of SONIA set in arrears with a five business day lag.