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Recent deals and cases by Harneys

Aroundtown Property Holding €1 billion bond issues

30 June 2016

Harneys acted for lenders in two successive bond issues in aggregate worth €1 billion in 2016 by Aroundtown Property Holding Plc. Aroundtown is a specialist real estate holding company focussed on investing in and managing turnaround opportunities in the European real estate market since 2004. It has a total portfolio of group assets worth over €8 billion.

On both transactions Partner Nancy Erotocritou led the Harneys team which also included Associates Demetris Nicolaou and Marios Koutsios.
 
Specifically, in May 2016 we acted as legal advisors for Morgan Stanley & Co International plc., Deutsche Bank AG, London Branch, Joh. Berenberg, Gossler & Co. KG, Frankfurt Branch, and Société Générale as managers and Prudential Trustee Company Limited as trustee, for the issue of €600 million 1.5 per cent bonds due 2022 by Aroundtown. In June 2016 we acted as legal advisors for Morgan Stanley & Co International plc as manager and Prudential Trustee Company Limited as trustee, for the issue of €500 million 1.5 per cent bonds due 2024 by Aroundtown.
 
In both cases the bonds were listed on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.