Luxembourg: Vandenbulke Deals Review
VANDENBULKE has assisted BALLYMORE's GBP 2,200,000,000 valued joint venture with Eco World Investment Co. Ltd, a specialist property investment company based in Malaysia.
The joint venture aims to jointly (further) develop three large-scale residential projects in London, commonly known as Arrowhead Quay, London City Island, and Embassy Gardens. This is a significant deal for BALLYMORE which shall enable it to continue its visionary plans. In total the developments have a gross development value of GBP 2,200,000,000 and will deliver approximately 2,800 new residential units and 250,000 sq. ft. of commercial, leisure and office space.
For further details please click on the links for the press releases:
VANDENBULKE has advised the French hospitality chain Maranatha Hotels & Residences in the acquisition of six luxury boutique hotels for EUR 360,000,000.
VANDENBULKE acted as legal counsel to the Maranatha hospitality group in the framework of financing of the acquisition of 6 prime located hotels (5 in Paris and 1 in Nice) by the issuance of French law governed private placements bonds for an aggregate amount of EUR 275,500,000 subscribed by a Luxembourg investment vehicle of a renowned private investor. The private placements bonds are secured under a Luxembourg double Luxco structure security package.
The present acquisition is the largest one in the French hospitality industry in 2015. For further details please click on the links for the press releases:
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