Doubling up: Freshfields scores roles on Europe’s largest real estate transactions this year

First-time instruction for Kirkland in €2.4bn purchase Freshfields Bruckhaus Deringer has advised on two of the largest European real estate transactions of 2016 as The Blackstone Group purchased a property portfolio from German real estate group IVG Immobilien for €3.3bn while Singaporean sovereign wealth fund GIC picked up warehouse company P3 Logistic Parks from TPG …

UK projects teams earn their stripes as MoD makes key changes to army deal

Freshfields Bruckhaus Deringer and CMS Cameron McKenna reprised their advisory roles as the Ministry of Defence (MoD) made a £1.1bn extension to the largest accommodation private finance initiative project it has undertaken. In November the MoD amended its long-running Project Allenby/Connaught contract to include an army basing programme, which will provide new accommodation and improve …

Snakes and ladders: Magic Circle tweaks lockstep but is it enough to hold off US firms?

Madeleine Farman reports on recent remuneration changes among the City elite With the growing threat of losing star partners to aggressively-expanding US firms, the Magic Circle’s traditional remuneration models have come increasingly under pressure. Last month Linklaters voted through changes to its remuneration model, while at press time Clifford Chance (CC) was due to complete …