Olswang has advised real estate fund Dawnay Day Sirius on its €300m (£205.09m) admission to AIM. The company acquires large mixed-use commercial real estate in Germany to develop as workspaces. The IPO was targeted at both UK and international investors and should help the company build a target portfolio of assets worth up to €750m (£512.73m) over the next 12-18 months.
The Olswang team was led by corporate partner Stephen Hermer, assisted by finance partner Michael Benster. Olswang’s US alliance partner, Greenberg Traurig gave advice on the US legal aspects of the deal.
The nominated adviser was JPMorgan Cazenove, which was advised by Lovells.