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Our Real Estate Capability at your Service
An overview
April 2017 3 Putting your world first 4 Service tailored to your world
10 Albania 11 Austria 12 Belgium 13 Bosnia and Herzegovina 14 Bulgaria 15 China 16 Croatia 17 Czech Republic 18 England and Wales 19 France 20 Germany 21 Hungary 22 Italy 23 Luxembourg 24 Montenegro 25 Morocco 26 The Netherlands 27 Poland 28 Portugal 29 Romania 30 Russia 31 Scotland 32 Serbia 33 Slovakia 34 Slovenia 35 Spain 36 Switzerland 37 Turkey 38 Ukraine
39 CMS a global perspective Putting your world first
We are over 460 qualified lawyers working in real estate and construction, spanning 38 countries and 59 cities. The CMS Real Estate and Construction practice is one of the largest real estate specialist teams worldwide.
Clients are at the heart of our business; we put you first.
Our emphasis is not just on being great technical lawyers but 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.
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 multinational level.
You will find out more about the great things we do for our clients in the following pages of this guide.
Feel free to get in touch with the local contacts for specific country requests but please don’t hesitate to contact us for any questions or more information.
Dirk Rodewoldt Joint Head of the CMS Real Estate and Construction Practice E [email protected]
Arnout Scholten Joint Head of the CMS Real Estate and Construction Practice E [email protected]
3 Service tailored to your world
Some of our areas of intervention
Student Hotels & Accommodation Resorts
Student Retail HotelsInfrastructure & Accommodation Resorts
Residential Retail InfrastructureLogistics
RetirementResidential Homes LogisticsOffices
Old People HomesTax OfficesConstruction & Development
Planning & Disposals EnvironmentalTax Construction & Development
Occupiers DisposalsFinancing Planning & Environmental Managers InvestmentsFinancing Occupiers Litigation Investments Managers Litigation
4 | Our real estate capability at your service Austria “The lawyers are responsive and reactive; they are great at explaining and interpreting what the other party is requesting to non-lawyers, and how to respond to it.” “I would have no doubt about recommending the firm to someone who is interested in an in-depth analysis covering all aspects of the issue at hand.” Chambers Europe, 2015
Belgium “Fully integrated team able to handle international clients through the firm's global network.”
“We appreciate the way the lawyers work, they always meet deadlines.” Chambers Europe, 2016
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 “Extremely positive experience – responsive, high level of expertise and a quick turnaround rate.” Chambers Europe, 2016
Croatia “This team's advice is commercial and well thought-through, and communications are always clear and concise.” Chambers Europe, 2015
Czech Republic “The whole team is well organised, diligent and very focused on the client's needs.” Chambers Europe, 2016 England and Wales “They act commercially and get the balance between pointing out things I need to know but understanding the commercial pressures we're under.” “They know us as an organisation, they know me as an individual and we have a good understanding and work very well as a team.” Chambers UK, 2015
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 “Exceptionally well-resourced team with impressive geographical coverage throughout Germany and other European jurisdictions.” Chambers Europe, 2016
“The lawyers always meet the deadlines we set with the urgency we require. The proposals they make are also very valuable, and they are commercial, which is an advantage in negotiations.” Chambers Europe, 2016
Hungary “This team provides the highest quality advice and creativity, giving its utmost to deliver exactly what we need.” Chambers Europe, 2016
The Netherlands “Commercial, balanced and pragmatic.” “The service is excellent.” Chambers Europe, 2015
Poland “The team is quick, effective, business-minded, flexible and proactive.” Chambers Europe, 2016 Portugal “The team provides quick answers and a high quality of service.” Chambers Europe, 2015
Romania “A great team with lots of market knowledge and experience.” Chambers Europe, 2016
Scotland “They're very responsive and when things are urgent they're dedicated and dynamic. They have a hands-on and pragmatic approach.” Chambers UK, 2015
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
Slovakia “Offers strong capabilities in real estate acquisitions and project planning, covering due diligence, lease agreements, pre-construction proceedings and operation.” “The team is friendly and uncomplicated in the way it works.” Chambers Europe, 2015
Switzerland “A top firm for real estate investors in Switzerland. It understands what we want, knows how we operate and is well connected.” “The team is responsive, proactive and precise. The lawyers are more dynamic and deal-oriented than many others in the market.” Chambers Europe, 2015
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 annually, it allows you to easily compare produce an annual guide charting the different costs the costs of investing in different European across Europe, or real estate investors, who are able to countries. consult our 12 questions e-guide. —— A more detailed approach is taken in the e-guide A few examples … 12 Questions on Real Estate. This guide answers some of the most common questions regarding real As the AIFM Directive continues to be very relevant for estate across a number of European countries. the funds industry we have decided to summarise the latest developments in relation to the private placement —— Our own CMS European Real Estate Investment regimes of EU States, as well as covering certain non-EU Structures Guide provides a high-level overview States. The CMS Brief Guide to Private Placement and comparison of some of the common European of Funds – Accessing European Investors post real estate investment structures utilised for AIFMD is accessible at our website. attracting institutional equity, often a key ingredient 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 —— CMS European Real Estate Deal Point Study more complicated. To help real estate investors, we have 2016 provides an overview of current best practice developed several companions: in property purchase agreements and highlights the
National Private Placement Regimes
at a glance Sweden Finland Norway
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Estonia
Latvia CMS Guide to Real Estate
Denmark Lithuania Transaction Costs and Taxes in Europe Ireland
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 similarities, trends and differences that exist in We also have guides on real estate finance and the European contract practice. These insights are tax treatment of Real Estate Investment Trusts, all designed to help you when preparing for contract of which are regularly updated, because only current negotiations. information is useful.
For owners, managers and occupiers across Europe, Earlier in the year, we have re-launched our refreshed the environmental aspects of their real estate are know-how platform Law-Now. It delivers legal increasingly important in terms of costs and building updates, on the topics relevant to you, when you value, but also with regard to their stakeholders. In want to receive them. Many clients tell us that keeping this respect we noticed a growing trend across many up to date with regulation is extremely challenging European countries and we wanted to get a feel for and as a result, they comment that this is the most what was happening so we could help clients more useful value-add they receive! At its core, Law-Now efficiently. That’s how the e-guide Study on the use is a news / information service that covers 75 areas of of Green Lease Clauses in Europe came about. Taking law and 20 sectors across 30 jurisdictions. You can the trends for standard convergence into account, we also access all the details of our knowledge events reviewed 20 contractual aspects across the region, worldwide. The website is a valuable archive of articles providing a practical approach to a European standard, 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 Europe – A practical approach e-guide. Practical, largely uniform, it simplifies implementing green lease clauses across the continent.
CMS_LawTax_CMYK_28-100.eps CMS_LawTax_Negative_28-100.eps
Study on the use of Green Lease Clauses in Europe
Key findings
CMS European Real Estate Deal Point Study 2016
September 2011 October 2016
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 2016 relevant to your world in Europe
9 Albania
Recent work highlights
Construction and development Financing —— Advising the Municipality of Tirana on preparing and —— Advising International Finance Corporation – IFC tendering the construction of a new public transport on its financing and participation in an Albanian- terminal under DBFOT concession contract with a based company which focuses on the construction value of approx. EUR 40m and development of hydropower plant projects —— Advising the Ministry of Infrastructure of the Republic of Kosovo during each and every pre- tender, tender and pre-construction phase of the Prishtine – Hani i Elezit Motorway Project (relating to a motorway of 60km in length), with a value of approx. EUR 600m —— Advising Serenissima Costruzioni S.p.A. in relation to legal and tax matters for the construction of a EUR 40m Fier by-pass motorway of 22km in length, using the FIDIC conditions of contract for construction
Investment and disposal —— Advising a major Italian energy trading company on its investments related to the construction and development of several hydropower plants in Albania under BOT concession contracts
Facts and figures Contact us
—— Located in Tirana CMS Tirana Marco Lacaita —— One real estate partner and two lawyers T +355 4 430 2123 M +355 696 097534 —— Languages: English, Italian and Albanian F +355 4 240 0737 E [email protected]
Iva Cucllari T +355 4 430 2123 E [email protected]
10 | Our real estate capability at your service Austria
Recent work highlights
Planning and environmental Investment and disposal —— Advising on the project “Sanierung Parlament – —— Advising an insurance company on the acquisition Restoration of the House of Parliament”; this has of a real estate project at the central railway station included complex advice spanning civil law, real of Vienna estate and construction law, corporate law, public —— Advising a German investor regarding the acquisition procurement law, intellectual property, competition of a hotel property in Vienna law as well as public law —— Advising a big office provider on several investments —— Advising a construction company in connection of office premises in Vienna and Lower Austria with the completion of a construction contract —— Advising a German insurance group regarding the framework agreement and additionally advising the acquisition of an office building in Vienna client on a tunnel infrastructure project in Austria —— Advising an automotive company on the FIDIC law Managers and occupiers requirements in respect of a new production plant —— Advising several international acting luxury in Mexico brands regarding the establishment of flag ship stores in Austria Construction and development —— Advising international hotel chains on several —— Advising on one of the biggest Austrian building construction and lease law issues concerning its projects, the Vienna North Hospital hotels in Vienna —— Advising a construction company on the construction —— Advising an international restaurant chain on an of the project S 10 Mühlviertler Schnellstraße upscale project in the center of Vienna —— Advising on the real estate residential project Marina Tower in Vienna Financing —— Advising on the refinancing of the Designer Outlet Parndorf —— Advising on a restructuring project as well as on the acquisition of the Millenium Tower in Vienna —— 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
Facts and figures Contact us
—— Located in Vienna CMS Vienna Nikolaus Weselik —— Four real estate partners and two lawyers T +43 1 40443 0 T +43 1 40443 2250 —— Languages: German and English F +43 1 40443 90000 E [email protected]
Johannes Hysek T +43 1 40443 3250 E [email protected]
11 Belgium
Recent work highlights
Planning and environmental —— Advising M&G Real Estate in the first transaction —— Advising Klépierre on the extension of its Louvain- of its new long-term investment European fund La-Neuve shopping mall (acquisition of the David Lloyd Brussels sports and —— Advising a local authority on the conversion of leisure club from the UK group David Lloyd and a hospital site into residential accommodation lease-back via an emphyteotic lease)
Construction and development Managers and occupiers —— Advising Unibail Rodamco and the winning —— Advising M&G Real Estate, Savills, Honeywell, consortium on the EUR 550m redevelopment of the CBRE Global Investors and other funds and private Heysel site (Project NEO) as a mixed use project investors on asset management related matters comprising a shopping mall, 590 housing units, —— Acting for a number of occupiers (Amlin, AMP, two day nurseries, 3,500m2. offices, a retirement Beline, Calzedonia, El Ganso, Elli Lilly, Hard Rock home, 112,000m2. dedicated to indoor and outdoor Café, Logica, Sergent Major, Statoil, Sportsdirect. leisure and 30 restaurants com, Siemens, to name a few) in the (re)negotiation —— Acting for Buro Happold in the context of a global of occupancy agreements study contract concerning the renovation by the Federal Building Agency of the “Residence Palace”, Financing the future seat of the European Council —— Advising Helaba on the financing of GAC’s acquisition of the “Marnix 13-17” office buildings Investment and disposal (EUR 70m) —— Advising Savillis, Mora Bank and other funds —— Advising Helaba on the financing of the on the acquisition and disposal of several office “Covent Garden” office building by Hannover buildings in Brussels Leasing and a Chinese partner (EUR 130m) —— Advising Eurolodgian on their acquisition of —— Advising Aareal Bank on the financing of the the “White Atrium” office building in Brussels acquisition of the “Belair” building by Hannover (deal structuring, due diligence, negotiation of Leasing and a Chinese partner (EUR 152m) acquisition and financing documentation) —— Advising MünchenerHyp on the financing of the acquisition of the “South City” building by Real I.S. (EUR 27m)
Facts and figures Contact us
—— Located in Brussels and Antwerp CMS Brussels Bruno Duquesne —— Three real estate partners and eight lawyers T +32 2 743 69 00 T +32 2 743 69 40 —— Languages: Dutch, English, French F +32 2 743 69 01 E [email protected]
Pierre-Axel Chabot T +32 47 730 8345 E [email protected]
12 | Our real estate capability at your service Bosnia and Herzegovina
Recent work highlights
Planning and environmental —— Advising Fresenius Medical Care on all legal aspects —— Advising a major globally-active Chinese financial regarding the EUR 30m establishment of three institution on all aspects of the financing of the dialysis centres in Bosnia, which includes PPP, construction of a thermal co-generation power plant procurement, regulatory, corporate, employment and heating plant in Bosnia and Herzegovina and real estate matters. Additional advice included —— Advising Vestas, the world’s largest wind turbine legal services regarding additional three dialysis manufacturer, on their ongoing renewable energy centers established, two in Republika Srpska entity project in Bosnia and Herzegovina and one in the Brcko District —— Advising OTIS Holdings GmbH & Co OHG on the Construction and development establishment of a Bosnian company and assistance —— Advising Marriott International and Interstate Hotels regarding all corporate matters & Resorts Company on various corporate, general business, employment and other matters including Managers and occupiers drafting hotel management agreement and other —— Advising Hypo Alpe Adria Group regarding temporary contracts related to construction of the Residence management (including all general real estate Inn by Marriott in Sarajevo. The overall value of the matters) over one of the biggest shopping centres Residence Inn by Marriott investment is EUR 8m, in Bosnia and Herzegovina based on the awarded while the Courtyard by Marriot investment is also custody as part of the enforcement procedure expected to be several EUR —— Advising the Belgian international food retailer Financing Delhaize on sale of its local store chain in Bosnia —— Acting for Kohlberg Kravis Roberts & Co. L.P. and Herzegovina (“KKR”) in connection with the acquisition by funds advised by KKR of the SBB / Telemach Group from Investment and disposal Mid Europa Partners (“MEP”) in a competitive —— Advising HENKEL Central Eastern Europe GmbH auction. The transaction was KKR’s first investment on various corporate, general business, employment of this scale in the CEE region and raised a variety and other matters of importance to specific business of legal and structuring issues operations relating to their expansion in Bosnia and —— Advising the European Fund for Southeast Europe Herzegovina and on all legal matters regarding on several projects regarding loans to local banks construction of a new EUR 7m factory as well as microcredit organizations
Facts and figures Contact us
—— Located in Sarajevo CMS Sarajevo Nedžida Salihović-Whalen —— 11 team members T +387 33 94 4600 T +387 33 94 4600 —— Languages: Bosnian, Croatian, Serbian, English, German, F +387 33 94 4690 E nedzida.salihovic-whalen@ Slovenian and Swedish cms-rrh.com
13 Bulgaria
Recent work highlights
Planning and environmental —— Advising EEE 4 S.a r.l. with respect to the sale of —— Advising WPD, a German wind energy producer, on Retail Park Plovdiv – the only third generation retail resolving disputes with the Bulgarian Energy System park in that region. Operator (ESO) regarding grid connection agreements of two wind parks Managers and occupiers —— Successfully supporting M + W Group in the —— Advising UCTAM Bulgaria in the negotiations of preparation for their bid regarding the construction a long-term commercial lease agreement (revision of the largest Waste-to-Energy facility in Bulgaria. and amendments of the tenant’s version); The work included preparation of a Memorandum on participation in the negotiations of the draft lease the Bulgarian legislation regarding Waste-to-Energy agreement; preparation of supporting commercial projects, which eventually resulted into a bigger and corporate documents and legal opinions on mandate for Central and Eastern Europe. CMS Sofia the content of the lease agreement and other has successfully assisted the client for their market related issues, assistance of UCTAM in the process entry in Bulgaria and is geared for further assistance of signing of the lease agreement during the project implementation stage —— Advising Cargill on a long-term lease agreement with regard to the client’s new shared services Construction and development centre in Bulgaria which covers an area of over —— Advising Impresa Pizzarotti & C. S.p.A. (Italy) and its 3000m2 Bulgarian partners on the structuring and participation in the tender announced by the Financing Bulgarian Government regarding the construction of —— Supporting UniCredit Bank Austria AG on the Struma Highway and on various public procurement, restructuring of a real estate financing in Bulgaria. corporate and regulatory matters The scope of our work includes the provision of due —— Advising Swietelsky, the leading Austrian construction diligence advice, as well as general support on company, on issues related to the construction of the financing documentation. We are also advising railroad segments in Bulgaria on commercial agreements under Bulgarian law (EUR 100m) Investment and disposal —— Advising major Greek banks, as mandated lead —— Advising Revetas group on the acquisition of arrangers, and their local subsidiary banks, on the an office real estate project in Bulgaria (EUR 52m) financing of the development and operation of one of the largest shopping malls in Sofia, Bulgaria
Facts and figures Contact us
—— Located in Sofia CMS Sofia Darina Baltadjieva —— Two real estate partners and nine lawyers T +359 2 447 1350 T +359 2 447 1350 —— Languages: Bulgarian, English, German, French, Hebrew F +359 2 447 1390 E [email protected] and Russian T +359 2 92199 10 Jenia Dimitrova F +359 2 92199 19 T +359 2 92199 10 E [email protected]
14 | Our real estate capability at your service China
Recent work highlights
Planning and environmental Managers and occupiers —— Advising a German major wind tunnel engineering —— Advising a world-leading sports car maker on the company on planning and engineering of a wind build to lease structure for its dealer shops in China tunnel for a top-tier technical university in Shanghai —— Advising a global leading optics and opto-electronics —— Advising a major German automotive supplier on manufacturer on the build to lease structure for its the planning and development of an R&D centre Chinese Headquarters in Shanghai in Shanghai —— Advising Virgin Atlantic Airways Limited on the negotiations and signing of a lease agreement with Construction and development the landlord for its office space in Shanghai —— Advising a world-leading sports car maker on the construction of a driving experience centre in Financing Shanghai —— Advising a global leading automotive components —— Advising a well-known supplier of equipment and manufacturer on the construction and lease of services to packaging and label manufacturers on a production base in Nanjing and on the project construction contracts for its plant in Changzhou financing structure, including drafting of general —— Advising an international group dedicated to the contracting agreements and negotiations with design, development and manufacture of metal major state-owned construction groups automotive components on construction contracts —— Advising a leading German development company for its plant in Kunshan on project financing for investment in major manufacturing companies in China, including Investment and disposal drafting of joint venture contracts, shareholders’ —— Advising a world-leading producer of fibre products loan agreements and security agreements, on the acquisition of land use rights and construction as well as assistance in negotiations of factory buildings in Hangzhou —— 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
Facts and figures Contact us
—— Located in Shanghai and Beijing CMS Shanghai Ulrike Glueck —— One real estate partner and six associates T +86 21 6289 6363 T +86 21 6289 6363 —— Languages: Chinese, English, German and French F +86 21 6289 0731 E [email protected]
CMS Beijing Nick Beckett T +86 10 8527 0259 T +86 10 8527 0287 F +86 10 8590 0831 E [email protected]
15 Croatia
Recent work highlights
Planning and environmental Managers and occupiers —— Advising a bidder on the due diligence and purchase —— Advising Hotel MIRAMAR d.o.o. on structuring of a cement facility portfolio in Croatia and the the lease agreement SEE region —— Assisting RWA Raiffeisen Ware Austria on the —— Advising RWE on the due diligence as well as on drafting of a lease agreement in relation to Silos the acquisition of a local company in electricity- in Virovitica related business Financing Construction and development —— Advising ADM Capital & Tyndaris in connection —— Advising Bauhaus Group on the due diligence, with the financing of a shopping centre in Croatia, purchase and construction of a retail centre including advice on the construction, acquisition in Varaždin and Zagreb and subsequent disposal of the shopping centre —— Advising Erste Bank on the acquisition of the hotel —— Advising Erste Group on the refinancing of resort “Sun Gardens” near Dubrovnik; this has a shopping centre in Zadar included complex advice on the buyer’s due diligence, legal and tax structuring, transactional tax work, advice on the sale’s process as well as advice on the agreement on future cooperation with the former owner of the asset
Investment and disposal —— Advising a Croatian investor on the EUR 20m investment into a renewable energy facility in Croatia —— Advising a bidder on the EUR 2bn tender for Croatian motorways concession
Facts and figures Contact us
—— Located in Zagreb CMS Zagreb Gregor Famira —— Two real estate partners and two associates T +385 1 4825 600 T +385 1 4825 600 —— Languages: Croatian, English and German F +385 1 4825 601 E [email protected]
Ana-Marija Skoko T +385 1 4825 600 E [email protected]
16 | Our real estate capability at your service Czech Republic
Recent work highlights
Construction and development Managers and occupiers —— Advising Neturen, a Japanese company manufacturing —— Advising ING Bank on the lease of its Prague components for the automotive industry, on a headquarters in the Harfa Office Centre greenfield development in the Triangle industrial —— Advising multiple clients – including Deka Immobilien, park located in Ústí nad Labem Pramerica Real Estate Investors and Standard Life Investments, on leasing matters related to their Investment and disposal property portfolio in the Czech Republic —— Advising Pramerica Real Estate International AG on the sale of a real estate portfolio in Poland, Slovenia Financing and the Czech Republic to Revetas Capital —— Advising Raiffeisen Bank International on —— Advising Pramerica Real Estate Investors on the cross- a successful financing, in connection with the border sale of six logistics projects in the Czech cross-border acquisition of a logistics portfolio Republic and in Poland to Blackstone by the Czech head-quartered logistics giant, —— Advising Invesco Real Estate on the sale of shopping P3, from CA Immobilien Anlagen AG centre Varyada to European Property Group —— Advising Česká spořitelna and Komerční banka —— Advising Prologis on the acquisition of the Westgate on the refinancing of the Bainbridge real estate Park Rudná from Europa Capital portfolio consisting of large shopping centres and —— Advising TREI Real Estate Czech Republic on the sale retail assets located across the Czech Republic of a distribution centre and headquarters of Penny Market (REWE Group) located in Radonice to ZFP Investments —— Advising Standard Life on the acquisition of Palác I.P. Pavlova 5; the sale of a retail warehouse in Brno to Sconto Immobilien, and on the sale of the Tulipan Logistics Park to SEGRO —— Advising LMS Outlets Limited on the EUR 71.5m sale of the Fashion Arena Outlet Center, a 25,000m2 outlet centre consisting of 110 stores
Facts and figures Contact us
—— Located in Prague CMS Prague Lukáš Hejduk —— One real estate partner and five lawyers T +420 2 96798 111 T +420 2 96798 892 —— Languages: Czech, English and German F +420 2 21098 000 E [email protected]
17 England and Wales
Recent work highlights
Planning and environmental —— Acting for M&G Real Estate on over GBP 1bn of —— Acting for UK and EU multinationals on the sale investment transactions in the last 12 months, of industrial facilities with historic contamination including the GBP 350m sale-and-leaseback of for redevelopment to sensitive uses (including 44 health and racquet clubs owned and operated provisions for the conduct of remediation) by David Lloyd Leisure —— Acting for a leading Managing Agent accused of a significant river pollution incident arising from Managers and occupiers one of its managed industrial estates —— Acting for Japanese bank, Mizuho on its relocation to 2 New Ludgate, taking over 18,000m2 (193,000 ft2). Construction and development —— Advising Brit Insurance on their lease of 5 floors of —— The Vauxhall Nine Elms Battersea Opportunity Area the prestigious “Cheesegrater” building at Leadenhall, is the largest regeneration area in London. We are London, signing for 66,292 ft2 to occupy levels 16 to acting for seven major landowners and developers 18, 39 and 40 on a 15-year lease. including Sainsbury’s (supermarket, 750 residential units and commercial space) and Royal Mail (1800 Financing residential units) and National Grid Property (sale —— Acting for Aareal Bank AG on its financing of the of five acres for development into 750 homes) corporate acquisition by SGRF and a privately held —— Acting for Imperial College on its Imperial West hospitality group of a portfolio of hotels across Campus redevelopment project (one of the largest Germany, France, Spain, Luxembourg and development projects in London) from the acquisition Switzerland to the latest aspects of the project - thedevelopment —— Acting for HSBC in relation to the development of a 34 storey residential tower block financing to Old Trafford Supporters Club Limited in relation to ‘Hotel Football’ at Old Trafford Investment and disposal —— Acting for Lloyds Bank plc and Wells Fargo as —— Advising Aviva Investors on the acquisition of four lead arrangers of facilities of over GBP 130m for UK wind farms (totalling around 63MW) from RES the construction of a high end residential and Limited, for a total price of around GBP 200m commercial mixed use development scheme in Southwark Bridge Road, London
Facts and figures Contact us
—— Located in London and Bristol CMS London Pranai Karia —— 20 real estate partners and 112 lawyers T +44 20 7367 3000 T +44 20 7367 2742 —— Languages: English, French, German and Spanish F +44 20 7367 2000 E [email protected]
Alistair Kennedy T +44 20 7367 3993 E [email protected]
18 | Our real estate capability at your service France
Recent work highlights
Planning and environmental Managers and occupiers —— Advising RIU Hotels and Resorts on environmental —— Assisting an American multinational consumer goods matters concerning the acquisition of the Hotel company regarding the signing of a commercial lease Radisson Blu Resort Marina & Spa at Saint Martin related to industrial premises (classified facilities —— Advising Givaudan Group for the acquisition for the protection of the environment) owned by of 100% of the capital of Soliance from ARD, a German investor on environmental matters —— Advising a French major investment company on —— Advising a major online retailer on key shopping center extension projects and on several environmental issues related to warehouse real estate and co-ownership files (including their agreements related litigation procedures) —— Advising a major British property development and Construction and development investment company on shopping center extension —— Acting as the legal adviser of QNB Capital in the projects and on real estate and co-ownership files context of all matters related to the creation of —— Assisting an international clothing firm in the a Fauchon world-class hotel in the heart of Paris negotiation of lease agreements for premises —— Advising a leading nonalcoholic beverages company located in Paris in context of construction contracts and litigation procedures around construction issues Financing —— Advising French Railways company on real estate —— Acting as legal adviser to the lead manager (LCL) issues related to new “West Eole” line on the issue by Foncière de Paris SIIC of its EUR 50m 2.99% notes due 2020 and its EUR 50m 3.30% Investment and disposal notes due 2021 —— Advised Tagerim Gestion Immobilière on —— Acting as legal adviser of a Dutch investment fund the disposal of the real estate services branch for the purposes of the acquisition of a French real (19 companies) to Foncia (one of the French estate investment fund (OPCI) and the refinancing major real estate services company) of the financial debt of said fund, owning indirectly 11 properties dedicated to retail activities
Facts and figures Contact us
—— Located in Paris and in Lyon and Strasbourg CMS Paris Aline Divo —— Three real estate partners and 12 lawyers T +33 1 47 38 55 00 T +33 1 47 38 56 95 —— Languages: French and English E [email protected]
Jean-Luc Tixier T +33 1 47 38 56 48 E [email protected]
19 Germany
Recent work highlights
Planning and environmental —— Advising Allianz Real Estate Germany on the sale of —— Advising Femern Bælt A/S on planning and a portfolio comprising nine office and commercial environmental law for the preparation of the properties with a volume of more than EUR 400m planning approval procedure for the fixed crossing of to an institutional fund managed by PATRIZIA the Fehmarnbelt between Denmark and Germany – Immobilien AG one on the largest infrastructure projects in Europe —— Advising several investors, among others Highland Managers and occupiers Group and Iberdrola, on approval procedures for —— Advising AEW Europe on asset management issues, several offshore wind farms e.g. "Veja Mate", for example on various lease agreements "Deutsche Bucht" and "Wikinger" —— Advising Louis Vuitton Deutschland on a highly intensive basis on retail space and office leases Construction and development all over Germany, including negotiation and —— Advising Amec Foster Wheeler on intensive bilingual optimisation of leases for high street stores and contract negotiations carried out over 24 months flagship stores with RWE related to the contract to plan and build the dual steam generating plant for the BoAPlus Financing lignite-fired power station at Niederaußem —— Advising Deutsche Pfandbriefbank on the financing —— Advising Immofinanz Group on project FLOAT, a for a pan-European real estate portfolio of Segro, landmark office complex in the media harbour of comprising a total of 23 German sites occupied by Duesseldorf. The project consists of six buildings logistics properties and held by German, Dutch and with more than 30,000m2 designed by Renzo Piano Luxembourg property companies Building Workshop —— Advising Allianz Real Estate on the refinancing of the shopping centre “Königsbau Passagen” in Stuttgart Investment and disposal and on the financing of a logistics portfolio —— Advising GEG German Estate Group on the acquisition and financing of International Business Campus (IBC) in Frankfurt with a total of around 84,000m2 of rental space and a volume of more than EUR 400m
Facts and figures Contact us
—— Located in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, CMS Berlin Andreas Otto Leipzig, Munich and Stuttgart T +49 30 20360 0 T +49 30 20360 1506 —— 32 real estate partners and 60 lawyers F +49 30 20360 2000 E [email protected] —— Languages: German, Croatian, Czech, Dutch, English, French, Greek, Italian, Polish, Russian, Spanish and Swedish Dirk Rodewoldt T +49 711 9764 163 E [email protected]
20 | Our real estate capability at your service Hungary
Recent work highlights
Planning and environmental Managers and occupiers —— Advising a multinational company on environmental —— Advising Bedori Investment on the leasing of a new law issues regarding soil contamination hotel development of MEININGER Hotels in Hungary —— Advising Warehouse developers and managers on Construction and development the acquisition and leasing of two sites and the —— Advising Becton Dickinson on the construct of a leasing of several warehouse premises in Hungary new manufacturing facility in Hungary which is —— Advising a major DIY retailer on the lease of its scheduled to open in 2017 shopping units to different tenants due to their —— Advising Datalogic on the construction of a new withdrawal from Hungary; we also provided legal factory in Balatonboglár, Hungary advice in relation to the reorganisation of the shop —— Advising Apollo Tyres on its investments in Hungary, premises into individual shopping units including planning, construction, environmental law matters and all other issues in connection with the Financing setting up of their Hungarian operations —— Advising Erste Bank on the due diligence procedure and on the refinancing of the Spiral Office Building, Investment and disposal GTC’s newest office complex development —— Advising Bluehouse on the acquisition of one Grade A —— Advising Raiffeisen Bank on the financing of an and two Grade B+ office buildings in Hungary office building offering 25,000m2 leasing space will —— Advising Zeus Capital on the acquisition and be accomplished by the end of 2016 in the refinancing by UniCredit Bank of Váci Corner office downtown of Budapest building located in Budapest, Hungary by way of —— Advising a major bank on the refinancing of acquiring the 100% of the shares Millenáris Office Building located in District 2 —— Advising Mota-Engil on the sale of a major of Budapest development site in South Buda, Hungary —— Advising an Austrian property developer on the sale of a retail portfolio consisting of 10 retail parks across Hungary
Facts and figures Contact us
—— Located in Budapest CMS Budapest Gábor Czike —— One real estate partner and seven lawyers T +36 1 48348 00 T +36 1 48348 19 —— Languages: English, German and Hungarian F +36 1 48348 01 E [email protected]
21 Italy
Recent work highlights
Planning and environmental Managers and occupiers —— Advising various owners of land and commercial —— Advising various international fashion retailers in properties in connection with environmental issues relation to leases for new flagship stores in Rome concerning their properties, including representation —— Advising a leading international group in connection and defence in legal proceedings with several leases for logistics premises and stores —— Advising a major international oil & gas group in across Italy relation to all aspects, including authorisations and permits, regarding exploration activities in Italy and Financing construction of related facilities —— Advised Pramerica Real Estate Investors in connection with the termination of a financing Construction and development agreement and mortgage redemption in relation —— Advising a general contractor in relation to several to a logistics property construction contracts (civil, MEP and fit-out works) —— Advising a German bank in relation to the for retail, office and residential premises restructuring of a EUR 250m loan granted to —— Advising Porsche Engineering in relation to a large a developer construction project, comprising advice on permitting, contracting and on-going support during execution of construction works
Investment and disposal —— Advised Corpus Sireo in relation to the disposal of logistics premises near Milan to Prologis —— Advising a European food retailer in connection with the disposal of 30+ shops across Italy
Facts and figures Contact us
—— Located in Rome and Milan CMS Rome Marco Casasole —— Two real estate partners and four lawyers T +39 06 4781 51 CMS Rome —— Languages: Italian, English and German F +39 06 4837 55 T +39 06 4781 51 E [email protected]
CMS Milan Dietmar Zischg T +39 02 892 838 00 CMS Milan F +39 02 892 838 00 T +39 02 4801 1171 E [email protected]
22 | Our real estate capability at your service Luxembourg
Recent work highlights
Investment and disposal —— Luxembourg legal counsel to a global asset —— Luxembourg legal counsel to a German construction management firm regarding its acquisition of a company regarding the sale of their project EUR 900m non-performing loan portfolio comprised development business which consisted of three of around 200 retail offices and industrial commercial separate divisions to be sold individually properties spread throughout Germany, with 50 loan connections and each between EUR 20m Financing and EUR 50m —— Luxembourg legal counsel to an international —— Luxembourg legal counsel to a private markets financial services provider regarding its contemplated investment manager regarding his investment refinancing of the senior debt of a building located in a Luxembourg entity acquiring two London in Luxembourg properties —— Luxembourg legal counsel to a leading European specialist bank for public sector and real estate financing regarding a GBP 34.065m Term Secured Credit Facility granted for purposes of the acquisition of a freehold property located in London —— Luxembourg legal counsel to a major bank regarding the financing of a GBP 27m acquisition (belonging to the Group of one of Canada’s largest and most diversified institutional fund managers)
Facts and figures Contact us
—— Located in Luxembourg CMS Luxembourg Julien Leclère —— Three real estate partners and 10 lawyers T +352 26 2753 1 T +352 26 2753 22 —— Languages: French, English, German, Luxembourgish, Italian, F +352 26 2753 53 E [email protected] Portuguese, Spanish and Romanian Vivian Walry CMS Luxembourg T +352 26 2753 21 E [email protected]
23 Montenegro
Recent work highlights
Construction and development Financing —— Advising General Electric Co., one of the largest —— Advising Société de Promotion et de Participation companies in the world in relation to financing and pour la Coopération Economique (PROPARCO), the energy / corporate / real estate matters in Montenegro French development financial institution supporting regarding Wind Park in Krnovo, Montenegro. This is developing countries to reach the Millennium the first wind park in Montenegro. The deal is Development Goals in relation to the mezzanine structured in such a manner that GE is not only lending facility to be granted by Proparco for the lender but the seller and constructor of the major wind farm project in Krnovo, Montenegro pieces of equipment for wind turbines —— Assisting Mercur Evropa, the renowned real estate company from Montenegro, on various regulatory Investment and disposal and corporate matters and preparing the legal due —— Advising Hit Group, one of the largest companies in diligence report related to the company's real estate the tourism in sale process of hotel and casino in property Montenegro. This was the largest deal in tourism —— Advising GE Capital Limited, the financial services industry in Montenegro in last two years unit of the American conglomerate General Electric, in relation to the funding of the equipment and other resources required for the wind farm project in Krnovo, Montenegro
Facts and figures Contact us
—— Located in Podgorica CMS Podgorica Milica Popović —— two lawyers T +382 20 4160 70 CMS Amsterdam —— Languages: Serbian, Bosnian, F +382 20 4160 71 T +382 20 4160 70 Montenegrin, English and French E [email protected]
24 | Our real estate capability at your service Morocco
Recent work highlights
Planning and environmental —— Advising Banyan Tree (Asian luxury hotel group) —— Assisting the pharmaceutical group Afric-Phar on its acquisition of small hotels based in Morocco in the creation and construction of an industrial (EUR 50m) pharmaceuticals business in Morocco, in particular —— Tax advice and assistance to Qatari Diar on regarding the planning and environmental aspects the negotiation of contracts with the Moroccan (investment: EUR 11m) government concerning a USD 1.2bn real estate and tourism investment project Construction and development —— Legal and tax assistance to Bouygues Group in Managers and occupiers the construction of the Tangier-Mediterranean port —— Tax and legal assistance to Honeywell in real (investment: EUR 250m) estate sale and commercial leaseback agreements —— Tax and legal assistance to Inexia (SNCF Group) with consequently to share purchase agreements respect to the construction of the high-speed train —— Assistance to Pestana Grupo in its request for between Casablanca and Tangier specific authorisation of a new form of touristic establishment: the first licence in Morocco for Investment and disposal rental real estate intended for tourism (named —— Advising Bouygues Group for a construction under Moroccan law as “Résidence Immobilière and real estate project in Casablanca with the de Promotion Touristique”) was obtained by urbanization agency for the development of Anfa Pestana’s Moroccan subsidiary (“Agence d’Urbanisation et de Développement d’Anfa”) an affiliate of the public establishment Financing “Caisse de Dépôt et de Gestion” (CDG) —— Assisting a major Moroccan investment fund —— Advising the Mauritian hotel group Beachcomber in the development of a touristic project, including in the selling of luxury villas and the management a shopping mall, a hotel and residences in Marrakech of a villa and golf resort in Marrakesh (investment: EUR 50m) —— Assisting Société des Bains de Mer in the partnership with a Moroccan company for a luxury tourism and leisure project in Marrakech
Facts and figures Contact us
—— Located in Casablanca CMS Casablanca Marc Veuillot —— One real estate local partner and 15 lawyers T +212 522 2286 86 T +212 522 2286 86 —— Languages: Arabic, French and English F +212 522 4814 78 E [email protected]
25 The Netherlands
Recent work highlights
Planning and environmental Investment and disposal —— Advised OVG on environmental and zoning aspects —— Advised Corio on the sale of 10 shopping centres, in relation to the development of multifunctional in total 95,800m2 park Vijfsluizen. The complex includes approx. —— Advised Bouwfonds European Residential Fund on the 85,000m2 consisting of offices, retail and residences acquisition of five housing complexes. The transaction —— Assisted De Heus B.V. during legal (court) includes 199 apartments and 80 parking places proceedings regarding environment permitting and compliance in relation to an industrial production Managers and occupiers plant in Utrecht —— Assisted PLUS Retail in the lease and redevelopment of its headquarters building. PLUS leases 5,500m2 Construction and development of office space and 225 parking spaces in the —— Acted on behalf of ASR in drafting and negotiating building Bloeyendael Archimedeslaan in Utrecht the design & build contract regarding the —— Assisted Praxis with the sale and leaseback of its refurbishment of the new head offices of ASR in flagship store in Amsterdam Utrecht. The ASR building is one of the largest office buildings in the Netherlands (84,000m2 GFA) Financing —— Acting for Royal BAM Group on commercial real —— Assisted HSH Nordbank on the financing estate, construction and competition matters of the acquisition by Warburg-Henderson (contentious and non-contentious) Kapitalanlagegesellschaft mbH of the Hague Court office building in The Hague. The Hague Court building is approx. 10,998m2 GFA —— Assisted Aareal Bank on the financing of real estate in Akron
Facts and figures Contact us
—— Located in Amsterdam and in Utrecht CMS Amsterdam Arnout Scholten —— 10 real estate partners and 34 lawyers T +31 20 3016 301 CMS Amsterdam —— Languages: Dutch, English, French and German F +31 20 3016 333 T +31 20 3016 472 E [email protected]
Hein van der Meer CMS Utrecht T +31 30 2121 266 E [email protected]
26 | Our real estate capability at your service Poland
Recent work highlights
Planning and environmental —— Advising Pramerica Real Estate International AG on —— Advising a major Polish power company in the sale of a real estate portfolio in Poland, Slovenia connection with the legal aspects of planning and the Czech Republic to Revetas Capital development of a power plant —— Providing comprehensive legal advice to Chevron Managers and occupiers on numerous legal issues regarding prospecting —— Advising Segro group in Poland on the complex and surveying for shale gas deposits leasing agenda relating to all of Segro’s warehouse premises in Poland (both existing and built-to-suit) Construction and development —— Advising Pramerica Real Estate International on —— Advising the general contractor of the National the re-development and re-leasing of the K1 office Stadium – a consortium comprising Alpine building in Kraków (formerly Cracovia Business Centre) Construction Polska, Alpine Bau Deutschland AG, Alpine Bau GmbH, Hydrobudowa Polska S.A. and Financing PBG S.A. – in connection with the construction —— Advising Deutsche Pfandbriefbank and Landesbank aspects of the National Stadium Hessen-Thüringen Girozentrale on the EUR 288m —— Advising the general contractor Torpol / Astaldi financing of a portfolio of logistics centres located on the construction of the Nowa Łódź Fabryczna across Europe (Poland, Germany, Belgium, Czech train station Republic and the Netherlands) owned by a joint venture of SEGRO plc and PSP Investments Investment and disposal —— Advising Aareal Bank on the EUR 114m financing —— Advising Deutsche Asset & Wealth Management relating to the acquisition by Invesco of a mix-use on the purchase of Rondo 1, a prime office complex commercial property "Plac Unii" in Warsaw located in Warsaw, from BlackRock —— Advising Pramerica Real Estate International and Panattoni Europe on the cross-border sale of a real estate portfolio of six logistics projects, out of which four are located in Poland and two are located in the Czech Republic
Facts and figures Contact us
—— Located in Warsaw and Poznań CMS Warsaw Wojciech Koczara —— Four real estate partners and 25 lawyers T +48 22 520 5555 T +48 22 520 8320 —— Languages: Polish, English, Russian and German F +48 22 520 5556 E [email protected]
Lidia Dziurzyńska-Leipert T +48 22 520 5659 E [email protected]
27 Portugal
Recent work highlights
Planning and environmental Managers and occupiers —— Advised Swedwood on all legal issues regarding —— Advising a major private equity group on the the installation and expansion of the factory’s acquisition of several touristic resorts, including group, including planning, allotment licensing, conducting real estate legal due diligence and prior information notices, authorisation requests advising on all legal issues regarding the subsequent for installation and use authorisations operation and management of such resorts —— Advised in the projects, planning and licensing for —— Advised on the structuring, managing, financing, the expansion of the building of the Inter Ikea acquiring and development of a touristic project Centre Portugal, S.A. – Mar Shopping in Vale da Lapa, Carvoeiro (Portugal)
Construction and development Financing —— Advised REN in the coordination of real estate legal —— Conducting real estate legal due diligence in relation services relating to a real estate registration project to one of the major privatisations to occur in which has involved more than 16,000 properties Portugal in 2012, on behalf of TAP (the Portuguese subject to natural gas public easements public airline, the privatisation of which has not been —— Advised GALP in the coordination of a real estate concluded and is currently suspended) registration project related to natural gas public —— Advising VINCI on real estate legal due diligence, easements which led to securing the EUR 3bn public tender for the acquisition of ANA Aeroportos (the public Investment and disposal company responsible for the management of all —— Advising Danone on the sale of a major factory near airports located in Portuguese Territory) Benavente (Portugal) —— Advised AEG Facilities on the real estate legal due diligence and drafting of the subsequent agreements in relation to the public tender concerning the acquisition of Atlantico Arena in Lisbon
Facts and figures Contact us
—— Located in Lisbon CMS Lisbon Luis Abreu Coutinho —— One real estate partner, three lawyers and one solicitor T +351 21 09581 00 T +351 21 09581 00 —— Languages: English, Portuguese and Spanish F +351 21 09581 55 E [email protected]
Salvador Pires Marques T +351 21 09581 00 E [email protected]
28 | Our real estate capability at your service Romania
Recent work highlights
Planning and environmental —— Advising Honeywell in connection with its acquisition —— Advising Tishman Asset Management on the sale of of a greenfield site for the construction of a friction a closed chemical factory in Turda, Romania, including materials factory in Romania, as well as advising on advice on the regulatory framework regarding site the permitting, operation and disposal of the factory conversion, and environmental obligations in case of a share transfer and business transfer, as well as the Managers and occupiers liability of shareholders and directors as regards —— Advising TT Electronics (a global electronics company environmental matters supplying the world’s leading manufacturers in the automotive, defence, aerospace, telecommunications, Construction and development computing and industrial electronics markets) on the —— Advising Delphi, a leading global supplier of lease of two factory units near Timisoara electronics and technologies for automotive, commercial vehicle and other market segments, with Financing the EPC contracts for the construction of two —— Advising Erste Bank on the complex real estate automotive components factories in Romania. Our issues arising from its EUR 91m financing of assistance included drafting a turn-key construction Blackstone’s acquisition from European property contract and the coordination of negotiations with developer Immofinanz of its CEE logistics portfolio Delphi’s contractors in connection with the in Poland, Romania, Hungary and Slovakia. Other construction of the new factories CMS offices advising on this transaction included Austria, Germany, Netherlands and Luxembourg Investment and disposal and advice spanned nine jurisdictions —— Advising Commerzbank AG and their asset manager —— Advising PBB, as lead arranger, and other lenders on Aberdeen Asset Management on the sale of Phoenix the real estate issues arising from the EUR 220m Tower, a 10,000m2 office tower located in Bucharest project refinance of the Cotroceni Park shopping to Adamamerica, led by previous co-founder of Adama centre in Bucharest, for AFI Europe Holdings —— Advising Raiffeisen Bank International as lead —— Advising Infra Red Capital in development of the Expo arranger on the complex real estate issues arising Market Doraly shopping center near Bucharest from the EUR 110m financing of the acquisition, by European logistics giant P3, of a portfolio of logistics parks in Romania and Poland from CA Immobilien Anlagen AG
Facts and figures Contact us
—— Located in Bucharest CMS Bucharest Roxana Fratila —— Four real estate lawyers T +40 21 4073 800 T +40 21 4073 839 —— Languages: English, French and Romanian F +40 21 4073 900 E [email protected]
Alexandru Dumitrescu T +40 21 4073 953 E alexandru.dumitrescu@ cms-cmck.com
29 Russia
Recent work highlights
Planning and environmental Managers and occupiers —— Advising major European retailers on the acquisition —— Advising REGUS and other international companies of future premises in shopping centres under on the leasing of office premises in Moscow construction according to the “build to suit” scheme —— Advising ZAO “Sportivny Komplex “Vnukovo” —— Advising major European retailers on the connection on the negotiation of a hotel management and to the public electricity network and other utilities construction agreement with Starwood, and on the construction of a new hotel near “Vnukovo” Construction and development Airport in Moscow —— Advising Inergy Automotive Systems on the acquisition of a plot of land in Maryino-Technopark Financing in St. Petersburg, and on the construction of a plant; —— Supporting John GmbH in a court dispute in and providing on-going advice on construction Moscow relating to the reinstatement of an law issues unlawfully disregarded mortgage and enforcement —— Advising Air Products on the acquisition and lease of the mortgage of several plots of land in South Russia for the —— Advising Aareal Bank on amendments to the construction of industrial facilities mortgage and pledge of lease receivables in connection with the reorganisation of the borrower Investment and disposal —— Advising Immofinanz Group on the acquisition of land plots in the Moscow Region for the construction of shopping centres —— Advising BP on the divestment of office building in Moscow
Facts and figures Contact us
—— Located in Moscow CMS Moscow Jean-Francois Marquaire —— One real estate partner and seven lawyers T +7 495 786 4000 T +7 495 786 4000 —— Languages: Russian, English, German and French F +7 495 786 4001 E [email protected]
Alexander Batalov T +7 495 786 4018 E [email protected]
30 | Our real estate capability at your service Scotland
Recent work highlights
Planning and environmental Managers and occupiers —— Acting for Stirling Council at a public inquiry into —— Providing corporate occupier advice to accountant the development of a national tennis centre being EY across Scotland, including office relocations in promoted by Judy Murray, mother of Andy Murray Aberdeen and Glasgow and Edinburgh Wimbledon Champion —— Asset managing a number of large shopping centres —— Acting for EDF ER on the development of and retail parks throughout Scotland for clients Dorenell Wind Farm, one of the largest onshore including Land Securities, Aberdeen Asset wind developments in Scotland Management, Hammerson and Standard Life Investments Construction and development —— Advising TH Real Estate on the GBP 850m Financing redevelopment of the St James Shopping Centre —— Financing of Starwood Capital’s acquisition of The in Edinburgh, including advising on property Roxburghe Hotel in Edinburgh by The Royal Bank of development, planning, CPO, competition / state aid, Scotland plc construction and related issues —— Advising a syndicate of five lenders on the GBP 300m —— Acting for Murray Estates on the acquisition and refinancing of the Peel group, including the Glasgow development of Edinburgh’s new Garden District Harbour development sites which will deliver up to 6,200 new homes
Investment and disposal —— Advising on the acquisition and disposal of various hotel assets around Scotland for clients including Invesco; Kennedy Wilson and Aberdeen Asset Management —— Acquisition, joint development funding and letting of 3 – 8 St Andrew Square, Edinburgh for Standard Life Investments. The GBP 75m, 108,000 square foot deal is the biggest pre-let of office space in Edinburgh for a decade
Facts and figures Contact us
—— Located in Edinburgh, Glasgow and Aberdeen CMS Edinburgh Allan Wernham —— 11 real estate partners and 44 lawyers T +44 131 228 8000 T +44 141 304 6056 —— Languages: English F +44 131 228 8888 E [email protected]
Stuart Tait T +44 131 200 7417 E [email protected]
31 Serbia
Recent work highlights
Planning and environmental Investment and disposal —— Advising the EBRD in relation to an energy efficiency —— Assisting JSC Belgrade Nikola Tesla Airport in project for Western Balkans (supporting ESCOs determining whether the investment required for its in the public sector). Proposing and drafting strategic development should be obtained through amendments in the legislation that should enable a privatization, concession rights or a public-private proper functioning of ESCOs, energy efficiency partnership in buildings, efficient energy tariffs, etc. Upon —— Advising Greentech Energy Systems A/S Denmark on the adoption of the proposed legislation, we all aspects related to the financing, construction and were retained to consult in the "Pipeline Project" operation of a water purification facility in Serbia, —— Advising Fomento de Construcciones y Contratas including real estate, construction and licensing matters (FCC) on the incorporation of an LLC in Serbia, the process of the LLC’s qualification for and Managers and occupiers participation in the tender for a PPP project of —— Advising AmRest in relation to the lease negotiations municipal solid waste treatment and disposal in Serbia (tenant side), as well as on the construction on the territory of the entire City of Belgrade of real properties on several locations in Belgrade —— Advising DuFry on various legal aspects relating to Construction and development its business operations in Serbia, including advice —— Advising Lear Corporation on all aspects of their on the requirements for retail sale, advertising of brown field investment into the construction of a products and customs matters, as well as on the manufacturing plant in Serbia, intended to supply negotiations for the lease of space electrical distribution systems (wire harnesses) for automotive OEMs located in Central and Eastern Financing Europe —— Advising UniCredit Bank in relation to the security —— Advising Vestas in relation to the construction of a instruments for a EUR 90+m loan facility granted wind park in Serbia (mostly contractor-side aspects), for the development of Airport City Belgrade, regulatory regime governing the renewable energy the largest office park in Serbia sector in Serbia, drafting and reviewing the relevant —— Advising Eurobank, National Bank of Greece, Piraeus agreements, compliance with the Serbian real estate, Bank and UniCredit Bank on the restructuring of a regulatory, corporate, labour laws, as well as renewable EUR 122m syndicated loan facility granted for the energy licensing purpose of construction of the largest shopping mall in Belgrade – Ušce Shopping Mall
Facts and figures Contact us
—— Located in Belgrade CMS Belgrade Marija Marošan —— Four lawyers T +381 11 3208 900 T +381 11 3208 900 —— Languages: Serbian, Bosnian, Montenegrin, English, German, F +381 11 3208 930 E [email protected] Russian, Italian and French
32 | Our real estate capability at your service Slovakia
Recent work highlights
Planning and environmental Investment and disposal —— Advising Prologis on the due diligence as well as on —— Advising Ballymore on the EUR 319m sale of the the acquisition of land plots for future warehouse largest commercial and retail development project development in Slovakia in Slovakia – Eurovea Galleria —— Advising a leading logistics group on the sale Construction and development and leaseback of its real estate assets (land and —— Advising the Slovak Ministry of Health in relation buildings) in the town of Sered to a feasibility study for a new hospital in Bratislava, a major DBFOT (design-build-finance-operate-transfer) Financing hospital PPP project, valued at approx. EUR 250m —— Advising a consortium of banks led by KBC Bank —— Advising the consortium – comprising of Hochtief on the restructuring of a facility for Eurovea Galleria Solutions AG, Iridium Concessions (member of ACS —— Advising UniCredit Bank on the financing of the Group), DIF – on their participation in a major PPP acquisition of an administrative building as well as tender relating to a 50km road construction project on the refinancing of a hotel in Bratislava organised by the Slovak Ministry of Transport —— Advising Erste Group Bank on the financing for a developer in connection with the acquisition of land Managers and occupiers plots throughout Slovakia in order to develop —— Advising GE Capital Real Estate on the review of shopping malls management agreements for four of their shopping —— Advising HYPPO NOE Gruppe Bank on the centres in Slovakia refinancing of four shopping centres throughout —— Advising BMW on a project of tendering the Slovakia landlord and on the lease of a built-to-suit warehouse to put aside and store spare parts in
Facts and figures Contact us
—— Located in Bratislava CMS Bratislava —— Five partners and six lawyers Petra Čorba Stark —— Languages: Slovak, English, German, Russian and Hungarian T +421 940 637 825 E petra.corba-stark@ cms-cmck.com
Peter Šimo T +421 2 3233 3434 E [email protected]
33 Slovenia
Recent work highlights
Planning and environmental Investment and disposal —— Advising a regional construction company on —— Advising one of the regional most successful and all their real estate, corporate, insolvency and largest holding companies on the purchase of top contractual affairs, including commercial litigation luxury hotel in Slovenia and advice on the acquisition of energy —— Advising an international developer on its investment infrastructure projects in a local real estate project, valued at approx. —— Advising an Austrian real estate developer on legal EUR 60m issues regarding the development, construction and —— Advising on financing of shopping centers located in sale of several shopping centres in Slovenia and in two largest cities in Slovenia to one of the fastest Croatia, with a total value exceeding EUR 300m growing mall chain in the CEE region —— Advising an international client on environmental issues of the envisaged privatisation in Slovenia, Managers and occupiers including a complex review and due diligence report —— Advising on asset management legal issues of of environmental status and impacts on future an office building, including contract drafting, processes representation in proceedings against the lessees and constructors, representation in insolvency matters, Construction and development issues in condominium and taxation of real estate —— Advising a leading Austrian construction company on —— Advising an international DIY retail company on numerous legal aspects concerning their local business numerous legal aspects concerning its daily business operations, including advice on the construction of operations in Slovenia, particularly in connection commercial centres and multifunctional halls in with lease of retail space in various shopping centres Slovenia as well as advice on the development and construction of a luxurious real estate project (valued Financing at EUR 50m) in Ljubljana —— Advising an Austrian bank regarding the establishment —— Advising a client renowned for it's longstanding of mortgages as collateral for a loan receivable in excellence in providing solutions for a broad array of the principal amount of EUR 63m and cancellation industries on settling claims with agent and on the of other mortgages (value of cancelled mortgages: acquisition of land for construction of a new plant over EUR 97m) to ensure first-rank mortgage for near Ljubljana our client —— Advising and preparation of asset and share deal for the transfer of a renewable energy power plant
Facts and figures Contact us
—— Located in Ljubljana CMS Ljubljana Tomaž Petrovič —— One real estate partner and two lawyers T +386 1 620 52 10 T +386 1 620 52 10 —— Languages: Slovene, English, German, Croatian and Serbian F +386 1 620 52 11 E [email protected]
Gregor Famira T +385 1 4825 600 E [email protected]
34 | Our real estate capability at your service Spain
Recent work highlights
Investment and disposal Financing —— Advising Patrizia Immobilien in the acquisition —— Advising Allianz in La Roca / Las Rozas refinancing of a EUR 30m residential building in Madrid —— Advising Bank Leumi in the financing —— Advising Activum SG in the disposal of of hotel developments a EUR 10m office building in Madrid —— Advising Bank of Scotland in the regularization —— Advising a client on the disposal of of securities over Spanish assets. a EUR 60m shopping center —— Advising BPA in the assignment of securities —— Advising Seguros Santa Lucía in the acquisition of over Spanish assets to Valance an office building in Barcelona's prime location —— Advising a client in the disposal of a EUR 50m Construction and development land suitable for residential development in Madrid —— Advising one of the bidder within the tender process prime location for the redevelopment of FC Barcelona Stadium —— Advising Telefónica in the due diligence on the legal —— Advising a client in the tender process for the status of more than 11,400 real estate assets in execution of the development of infrastructure works Spain in the framework of a projected IPO —— Advising Activum SG in the works agreement for the refurbishment of an office building Managers and occupiers —— Advising Meridia in the ongoing management Planning and environmental of its Madrid portfolio —— CMS Madrid is one of the three panel law firms of —— Advising ACE Insurance Company in the lease The Management Company for Assets Arising from of its new HQs in Spain the Banking Sector Reorganization (the “SAREB”) —— Advising Aberdeen Asset Management accredited to advising SAREB on resolving planning in the lease of its new HQs in Spain issues of its portfolio —— Advising Exane in the lease of its new HQs in Spain —— Advising a client on the agreement with a major —— Advising Birkenstock in the lease of new retail Spanish bank to execute infrastructure works premises in Madrid commercial prime location related to an area of undeveloped plots of land —— Advising Sportsdirect in the lease of new retail in Alcobendas (Madrid) premises in Madrid
Facts and figures Contact us
—— Located in Madrid, Barcelona and Seville CMS Madrid Javier Torre de Silva —— Two real estate partners and ten lawyers T +34 91 4519 300 T +34 91 4519 321 —— Languages: English, German, Italian, French and Spanish F +34 91 4426 045 E [email protected]
CMS Barcelona Álvaro Otero T +34 93 49410 22 T +34 91 4520 013 F +34 93 49410 83 E [email protected]
35 Switzerland
Recent work highlights
Construction and development —— Advising seller regarding divestment of a five star —— Advising an international insurance company on the hotel in Lucerne acquisition of land and construction of a major —— Advising an investor on the sale of a retail premise building complex with almost 200 residential units, (market hall) in Basel (incl. prior parcelling and offices as well as retail premises in the Canton of complex easement situation) Aargau —— Advising several real estate funds on the joint —— Advising an investor on the acquisition of a acquisition of a residential office and retail complex residential project in development (approx. to be developed in Basel 300 apartments) in Winterthur —— Advising a client regarding the construction of three Managers and occupiers new landmark office and retail towers in Zurich —— Advising a global IT company regarding the —— Advising a Swiss developer and investor in real expansion of its Swiss offices (approx. 50,000m2 estate regarding the development of a residential and 3,000 – 5,000 additional work stations) at project (approx. 800 apartments) in Zurich Europaallee in Zurich —— Advising an international industrial company on the Investment and disposal lease and fit-out of its new Swiss headquarters —— Advising an strategic investor who is entering the Swiss market regarding the acquisition of a major Financing 4-star hotel in Geneva (share deal, including the —— Advising a Swiss bank in connection with the review advice and negotiation of a hotel management and restructuring of their mortgage loan portfolio agreement) —— Advising various Swiss banks on the review of their —— Advising a public pension fund in connection with mortgage loan documentation the sale of the landmark building “Neue Börse” (Zurich), i.e. sale of a ground lease
Facts and figures Contact us
—— Located in Zurich and Geneva CMS Zurich Stefan Gerster —— Three real estate partners and five lawyers T +41 44 285 11 11 CMS Zurich —— Languages: German, English and French F +41 44 285 11 22 T +41 44 285 11 11 E [email protected]
CMS Geneva Sibylle Schnyder T +41 22 311 00 10 CMS Zurich F +41 22 311 00 20 T +41 44 285 11 11 E [email protected]
36 | Our real estate capability at your service Turkey
Recent work highlights
Planning and environmental Managers and occupiers —— Advising an oil storage company on environmental —— Advising a multilateral financial institution on the issues in connection with its potential acquisitions establishment of a branch office in Turkey, including in Turkey (investment volume EUR 270m+) extensive negotiations with the property owner —— Advising an international lighting-system solutions —— Advising an Austrian hotel management group producer on various environmental issues in Turkey on the lease of a large hotel in Turkey, which they will refurbish and operate Construction and development —— Advising Turkish construction company Apsis Financing Analitik A.Ş. on a large real estate development —— Advising a large infrastructure group on the project in Turkey, comprising of eight residential financing, construction, operation and maintenance blocks and one commercial block of a major Turkish highway —— Advising Babcock & Brown on the acquisition and development of a site for a residential project in Maltepe, Istanbul —— Advising a Turkish company on the construction of a major road bridge in Turkey
Investment and disposal —— Advising Singapore's sovereign wealth fund GIC Private Limited in its acquisition of a 21.4% stake in Turkish real estate company Rönesans Gayrimenkul Yatirim (Renaissance Real Estate Investments) for EUR 250m – one of the largest cross-border investments into Turkey in 2014 —— Advising UK private equity firm on the acquisition of a major Turkish construction company, their first investment in Turkey
Facts and figures Contact us
—— Located in Istanbul CMS Istanbul Döne Yalçın —— Two partners and six lawyers T +90 212 24349 28 T +90 212 24349 28 —— Languages: English, Turkish, German and French F +90 212 24349 38 E [email protected]
Alican Babalıoğlu T +90 212 24349 28 E [email protected]
37 Ukraine
Recent work highlights
Planning and environmental Investment and disposal —— Conducting comprehensive due diligence for Nestlé —— Advising one of the leading German energy and of Technocom, including verifying the legitimacy utilities service companies on various matters relating of the land title and reviewing environmental to real estate law in Ukraine as well as on various compliance issues relating to business management and —— Advising a Belgian mineral and metal extraction acquisition in Ukraine company on potential acquisition of clay production —— Advising a Finnish investment company on transaction fields in Ukraine, including extensive two-stage due regarding merger of Ukrainian real estate assets by diligence with respect to a group of companies who means of establishment of a joint venture in Ukraine own those fields in Ukraine, including review of held by Estonian holding company planning and environmental matters —— Advising a global trading and investment group on various matters relating to real estate law in connection Construction and development with its investments in solar business in Ukraine —— Advising a German investor in renewable energy on real estate, construction, regulatory, corporate Managers and occupiers and energy law issues with regard to the —— Assisting a foreign cultural institute on renegotiation construction of a 500 MW wind power plant of the office lease agreement with the State Property —— Advising Vestas, one of the world's largest wind Fund of Ukraine and execution of two sublease turbine manufacturers, on a number of construction agreements relating to the state property real estate matters, including drafting of the core construction agreements in Ukraine for the following wind power Financing projects: Botievo (200 MW); Stavki & Beregovaya —— Advising an Austrian leasing company on restructuring (21 MW); Stariy Sambir (13,2 MW); Novorosiyke of their leasing and loan portfolio in Ukraine via (9 MW) buyback of real estate leased out under finance —— Advising an Austrian construction company on lease agreements the legal issues related to construction of the —— Advising European Bank for Reconstruction and multifunctional building with social, public, office Development on its loan of up to USD 60m to facilities and underground parking Brooklyn-Kiev LLC, a leading private stevedoring company in Ukraine, for the development of a grain trans-shipment terminal in the Port of Odesa
Facts and figures Contact us
—— Located in Kyiv CMS Kyiv Daniel Bilak —— Two real estate partners and five lawyers T +380 44 39133 77 T +380 44 39133 77 —— Languages: English, German, French, Ukrainian and Russian F +380 44 39133 88 E [email protected]
T +380 44 500 1718 F +380 44 500 1716 Anna Pogrebna T +380 44 500 1718 E [email protected]
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