Clifford Chance Global Real Estate

📢 Client work! Our US team led by Andrew Epstein and Steven Starr has advised a Real Estate Investment Trust (REIT) managed by Grubb Fund Management in connection with a US$55 million Net Asset Value (NAV) credit facility. The NAV credit facility is composed of an initial term loan of US$35 million and a delayed draw term loan commitment of US$20 million. Read more: https://lnkd.in/ebWqihAi Working alongside Andrew and Steven our team included Daniela Chilkevitsh, Jeanne Roig-Irwin, Michael Seaton, Paul Koppel, Tanecia Vasquez Britt, Arianna Zarka, Tali B. Lee, and Thomas Koh. #REIT #RealEstate #NAVFinancing #CliffordChance

💡 We're excited to announce the release of the latest REvolve Insight Report, "Non-core: alternative ways to commercialise buildings." Technological advancements and a change in working patterns over recent years have reduced the demand for retail and office space, applying downward pressure on rental income. How are real estate owners responding?   This report considers the commercialisation of buildings, exploring the diverse sources of non-core income, their impact on property owners and occupiers and the possible implications for property value and the future structure of the sector.   🔗 Read the full report here: https://lnkd.in/e6qH4NcW As a member of REvolve Insight, the Digital Real Estate Innovation Council, we are delighted to have contributed to this report alongside some of the leading names in the sector including Knight Frank, Legal & General Investment Management (LGIM), re:sustain and Smart Spaces®. For more information contact Matt Taylor, Real Estate Partner and Head of UK Proptech or Ben Redding, Senior Associate in our Real Estate practice. Thank you to Alpha Property Insight and REvolve Insight, particularly Dan Hughes and Charlotte Hughes, for bringing this together.   #PropTech #RealEstate #DigitalTransformation #Innovation #Offices #FutureOfRealEstate

📢 Client work! A cross practice pan-European team led by Matthew Dunn has advised on the €3.3 billion financing of Data4 Group's European data centres, one of Europe's largest data centre financings. Our cross border team advised the underwriters, mandated lead arrangers and lenders on the €3.3 billion financing of European data centres owned and operated by Data4 Group, the Brookfield-owned data centre operator in France, Italy, Spain, Poland, Germany and Greece. Find out more: https://lnkd.in/eA5Thwqy Working alongside Matthew our team included Lewis Whyte, Kuan Yue Lim, Lindy Mguni, Boma George, Francesca Spittal, Luke Neill, Hein Tonnaer, Mike Niekoop, Arezo Zarbaf, Samuel van Eijnatten, Will Winterton, Rachel Robertson, Stine-Lise Budge, Hannah Williams, Jemma Dick, Marc Mehlen, Sherazade Ould-Hocine, Victor Cobuscean, Alexandre Mereghetti, Chloé Desreumaux, Arthur Jeay, Guilhem Dardoize, Alexandre Couturier, Clément Silve, María Sabau, Marta Ruiz Manrique de Lara, Darío Buendía Sánchez, Chiara Commis, Matteo Falsaperla, Arianna Merlo, Gabriele Costanzo Piccinino, Andrzej Stosio, Michał Jadwisiak, Joanna Korycińska, Dr. Simon Reitz, Dr. Philip Rosak #DataCentres, #InfrastructureFinancing, #DigitalInfrastructure #CliffordChance

🧧🍊🏮Happy Lunar New Year! Wishing you a prosperous and wonderful Year of the Snake! 🧧🍊🏮恭賀新禧！恭祝各位蛇年大吉大利、萬事勝意！

📢 Client work! Our team in the Netherlands led by Liesbeth Buiter has advised longstanding client Blue Elephant Energy GmbH (BEE) on the acquisition of a solar PV portfolio in the Netherlands from Dutch developer TPSolar Nederland B.V.. This acquisition adds three solar PV parks with a combined capacity of approximately 88 MWp to BEE’s portfolio, consisting of projects at varying stages of development and operation across the Netherlands. Once fully commissioned, the three solar parks will make a significant contribution to achieving the Netherlands' ambitious climate targets by 2035, with an expected annual saving of 48,830 tonnes of CO₂ emissions and 38,493 m³ of water. Working alongside Liesbeth our team included Lotte de Bruin, Niels Kuil, Liselotte Hommels, Dilan Ata, Pieter Leefers, Wouter Fonteijn,Charlotte Davidson-Horsten, Esmée Oldenkamp, Stern Flik and Alec Sanderson. Find out more: https://lnkd.in/ebKi5UGU #Solar #Acquisitions #EnergyAndInfrastructure #SolarEnergy #RenewableEnergy #EnergyTransition

📢 Client work! A pan-European team led by Maciej Bochenski and Daniel Kopania has advised Hillwood, a leading commercial real estate developer and investor, on a EUR 368.19m loan million agreement with Aareal Bank AG. The refinancing relates to Hillwood’s extensive EU Club III portfolio of modern Class A logistics properties, comprising eighteen facilities strategically located in Poland and Germany. The loan includes an investment facility for 14 operational facilities and additional funding for four projects scheduled to be developed in 2025. The agreement also provides for a potential increase of the financing to €500m to support further logistics investments. Our international team advised on Polish, German, Luxembourg, and English law. Working alongside Maciej and Daniel the team included Tobias Schulten, Stefanie Ferring, Barry O'Shea, Melissa Staunton, Martin Barlösius, Aubry Kocian, Holger Nõmm, Tomasz Walerowicz, Pierre-Louis KARIM, Joanie Halliday, Alice Benson, Miriam Sax, Cornelia Lambert, Tomasz Szymura, Dr. Claus-Peter Knöller and Maxime BUDZIN. #RealEstateFinance #Logistics #CliffordChance

📢 Client work! Marking the start of a wave of data centre development in Malaysia, our team in Singapore led by Thomas England has advised advised Yondr Group, a global developer, owner and operator of hyperscale data centres, on the international aspects of its more than USD 900 million debt financing for the construction and initial operation of the company's 98MW hyperscale data centre which is part of a larger data centre development in Johor, Malaysia. Read more: https://lnkd.in/gTviEDhU Working alongside Thomas our team included Chin Seng Chew, Jervis Chan, Ivan Ting as well as Matthew Buchanan, James T. and Thomas Hobbs Martin advising on the construction aspects and Francis Edwards and Leland Hui advising on the derivatives aspects. #DataCentres #DataCenters #Hyperscalers #ConstructionFinance #CliffordChance

📢 Client Work! Our team in Prague led by Milan Rakosnik has advised a club of ING Bank, Erste Group Bank AG, Erste Group’s Czech subsidiary, Česká spořitelna, and Komerční banka on the EUR 268,000,000 facility agreement in connection with entry of a new JV partner and the ambitious extension of Centrum Černý Most, one of the leading shopping destinations in the Czech Republic. The transaction supports Unibail-Rodamco-Westfield's investment into expanding and modernizing the shopping center. This investment will significantly enhance the center's retail, dining, and entertainment offerings, reinforcing its position as a premier shopping and leisure destination. Working alongside Milan our team included Tereza Boguská Řehořová, Jan Christelbauer and Simon Pavlas. #RealEstateFinance #Retail #ShoppingCenters #CliffordChance

🏆 We are thrilled to announce that Ark Data Centres was awarded Europe Data Centre of the Year at PFI Awards 2024. The Awards recognise excellence in the project finance industry and Clifford Chance advised on a further four award-winning deals. Thank you to PFI for this recognition and well done to everyone involved! Read more: https://okt.to/I8QRD7 #DataCentres #DataCenters #Infrastructure #ProjectFinance

We are pleased to share that Clifford Chance has successfully advised Castleforge and Galaxy Data Centers on their acquisition of the Redhill Data Centre. This transaction, valued at over £100 million, marks Castleforge's entry into the data centre sector, combining its expertise in operational real estate investment with Galaxy Data Centers’ deep industry experience. The Redhill Data Centre campus spans 11,800 square metres across three buildings with 26MVA of power and houses tenants including Fortune 500 enterprises and other businesses from sectors ranging from financial services to AI. This complex transaction was led by Real Estate Partner and Co-Head of Global Real Estate Sector Alis Pay, with support from a multidisciplinary team: Matt Taylor, Alice Raine, Alex Pennington, Zain Farook, Lucy Johnson, Charlotte Ferbrache, Nigel Howorth, Kate Mackintosh, Katie Kempthorne, Claire Fawcett, Alice Benson, Wyncent Halim, David Saleh, Viktoria Parkhomenko, Ross Windell, Alastair Windass, Alistair Green, Lauren Sutcliffe. #RealEstate #DataCentres #DataCenters #DigitalInfrastructure #Castleforge #GalaxyDataCenters #Innovation #Sustainability