Real Estate and Construction

Experience - Stibbe acts as transaction counsel to Floating PV NV, a vehicle set up by Sibelco, Groep Machiels and Luminus to build five hectares of floating solar panels at Sibelco’s Schansheide quarry in Dessel, Flemish Region, Belgium, integrating various innovative techniques such as solar tracking that allows the panels to rotate with the sun, an adjusting slope angle, double-sided panels and active cooling.

Experience - On 18 February 2020, the contract for the design, construction, finance and maintenance of the Dendermonde Prison project in Belgium has reached Financial Close successfully. The Belgian Buildings Agency (Regie der Gebouwen / Régie des Bâtiments) awarded BAM PPP b.v. the contract for the provision of a prison in Dendermonde, which will house 444 inmates.

Experience - Stibbe has advised SEGRO on its conclusion of a new long-term lease with ID Logistics for a warehouse of over 31,000m2 at the Vossenberg II industrial site in Tilburg.

Experience - Stibbe has assisted the Dutch real estate company Breevast in the sale of the Finance Tower (Tour des Finances/Financietoren) to the Valesco Group, who acted on behalf of Korean institutional investors.

Experience - Stibbe advises Praxis on a long-standing basis on real estate related matters such as expansion and relocation of new and existing DIY stores throughout the country. Stibbe also acts as counsel for Praxis in several highly complex planning proceedings in various municipalities and courts.

Experience - Stibbe advised the VEENIX consortium on reaching financial close in the PPP Project A9 Badhoevedorp-Holendrecht. Financial Close occurred on 2 December 2019. The VEENIX consortium is led by Macquarie Capital and supported by Siemens and project delivery firm Count & Cooper. VEENIX is also supported by FCC Construcción as contractor.

Experience - Stibbe is advising Eneco on the sale of all shares in Eneco to a consortium led by Mitsubishi Corporation for a total equity value of EUR 4.1 billion.

Experience - Stibbe advised Aedifica on its secondary share listing on Euronext Amsterdam. Trading started on 7 November 2019.

Experience - Stibbe advised Macquarie in connection with their winning bid for the tender of the design, build, financing and maintenance (DBFM) of the A9 Badhoevedorp/Holendrecht Project.

Experience - Stibbe together with Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on the acquisition of a 10% interest in VTTI BV, the owner and operator of storage terminals in 14 countries, including amongst others the Netherlands and Belgium, with 60 million barrels of capacity. Vitol and the IFM Global Infrastructure Fund will both own a 45% interest in VTTI.

Experience - Stibbe is advising insurance and reinsurance group Athora on its acquisition of Vivat N.V. from Anbang and the related sale of Vivat Schadeverzekeringen to NN Group. The acquisition marks a significant step of Athora’s entry into the Dutch life insurance market following acquisitions in Ireland, Belgium and Germany.

Experience - Stibbe advises citizenM hotels and its existing shareholders KRC and APG on an agreement whereby GIC, Singapore’s sovereign wealth fund, will acquire a 25% stake in citizenM valuing the company at €2 billion