Sustainability is the leitmotiv in today’s world and in the world of Real Estate, whether it concerns the phase of construction, utilisation or redevelopment. Sustainability is becoming a requirement that is not yet fully crystallised and therefore offers potential tax and financial benefits. Regulations and case law/jurisprudence in this area are under development. Our Real Estate specialists follow the developments with close attention.

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April 2019
CMS Soil and Ground­wa­ter Con­tam­in­a­tion Guide
From the 1970s on­wards, soil and ground­wa­ter con­tam­in­a­tion has be­come an in­creas­ingly im­port­ant reg­u­lat­ory is­sue. However, there are still no uni­form reg­u­la­tions. Nu­mer­ous sets of rules have been de­veloped which, among oth­er things, aim to pro­tect soil and ground­wa­ter and have led to stand­ard­isa­tion through­out Europe and the world. These sets of rules in­clude, for ex­ample, laws on the trans­port of dan­ger­ous goods, laws gov­ern­ing chem­ic­als and laws re­lat­ing to emis­sion con­trol. However, ques­tions such as how to deal with con­tam­in­a­tion and who is re­spons­ible for its elim­in­a­tion can be answered only for the re­spect­ive leg­al sys­tem.The pur­pose of this guide is to as­sist with an ini­tial risk as­sess­ment and to provide prac­tic­al ad­vice re­gard­ing the par­tic­u­lar­it­ies of each of the 24 leg­al sys­tems covered. However, ow­ing to the large num­ber of scen­ari­os, this guide does not con­sti­tute leg­al ad­vice. On the fol­low­ing pages, CMS en­vir­on­ment­al law ex­perts present an over­view by an­swer­ing a set of el­ev­en ques­tions ac­cord­ing to their re­spect­ive jur­is­dic­tion, in­clud­ing Aus­tria, Bel­gi­um, Bul­garia, Chile, China, Colom­bia, the Czech Re­pub­lic, France, Ger­many, Hun­gary, Italy, Lux­em­bourg, Monaco, the Neth­er­lands, Peru, Po­land, Por­tugal, Ro­mania, Slov­akia, Spain, Switzer­land, Tur­key, Ukraine and the United King­dom.
CMS European Real Es­tate Deal Point Study 2018
The European in­vest­ment mar­ket once again had a very strong year. At EUR 234 bn, total in­vest­ment volume was only 3% be­low the re­cord level seen in 2015. This fig­ure also rep­res­ents an in­crease of 7% year-on-year.In ad­di­tion to the on­go­ing lack of al­tern­at­ive in­vest­ment op­por­tun­it­ies, along with fa­vour­able fin­an­cing con­di­tions, the pos­it­ive eco­nom­ic en­vir­on­ment in Europe was the primary reas­on be­hind the high de­mand for real es­tate in­vest­ment. Fall­ing un­em­ploy­ment fig­ures, buoy­ant con­sumer sen­ti­ment and rising GDP boos­ted con­fid­ence in 2017, par­tic­u­larly among in­ter­na­tion­al in­vestors, and drove up their in­vest­ment activ­ity. Des­pite the un­cer­tain out­come of the on­go­ing EU exit ne­go­ti­ations, the UK also re­mained at­tract­ive for in­vestors. Lim­ited sup­ply ac­ted as a con­straint, how­ever. The res­ult­ing fur­ther in­crease in real es­tate prices has led to his­tor­ic­ally low yields in some cases. Rather than caus­ing in­vestors to aban­don the real es­tate mar­ket, the fo­cus has switched to spe­cial­ist prop­er­ties which of­fer high­er yields than tra­di­tion­al of­fice and re­tail as­sets. In par­tic­u­lar, health­care fa­cil­it­ies, ho­tels and stu­dent apart­ments have all come to the fore. The ex­ist­ing ex­cess de­mand also triggered a sig­ni­fic­ant rise in the num­ber of trans­ac­tions in­volving de­vel­op­ment pro­jects.The con­sist­ently pos­it­ive trend has con­tin­ued in 2018. The latest fig­ures from the first half of the year sup­port the view that des­pite the trade dis­pute with the US and a pos­sible end to low in­terest rates, a down­turn in the European in­vest­ment mar­ket is un­likely this year. The con­fid­ence of in­vestors in real es­tate as an in­vest­ment re­mains in­tact.The new CMS European Real Es­tate Deal Point Study 2018 now in­cludes more than 1,300 trans­ac­tions. Com­pil­ing the study in­volved com­par­ing the trans­ac­tions on which we ad­vised in the peri­od 2010 to 2017, en­abling us to high­light de­vel­op­ments and trends.Down­load the ex­ec­ut­ive sum­mary or re­quest a copy of the full study be­low.360px360pxht­tps://­ al­ways
April 2020
CMS Real Es­tate & Con­struc­tion Glob­al Bro­chure
As the fifth-largest glob­al law firm and the largest real es­tate team in Europe with more than 800 ded­ic­ated law­yers, CMS com­bines loc­al know­ledge with in­ter­na­tion­al strength and ex­per­i­ence. Our in­teg­rated teams of­fer you the best com­mer­cial guid­ance for highly com­plex, stra­tegic in­ward in­vest­ment trans­ac­tions in­to ma­jor European gate­way cit­ies and bey­ond. CMS is also well-es­tab­lished in Africa, China, South Amer­ica, the Middle East and Asia. We ad­vise on the full range of real es­tate ser­vices, in­clud­ing fin­an­cing, struc­tur­ing, as­set man­age­ment, tax, cor­por­ate-wrapped and dir­ect in­vest­ments. We provide the full range of de­vel­op­ment ad­vice with sup­port from our spe­cial­ist plan­ning, en­vir­on­ment and con­struc­tion teams.


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CMS Re­cep­tion in Da­v­os 2020: Lu­isa Neubauer
January 2020
En­ergy Trans­ition: Evol­u­tion or Re­volu­tion?
The role of oil and gas com­pan­ies in a net-zero fu­ture
CMS Re­cep­tion in Da­v­os 2020: In­tro­duc­tion by Pierre-Sé­bas­tien Thill (CMS)
Shar­ing is (S)caring: The con­nec­ted sta­di­um of the fu­ture
CMS as­sisted prop­erty de­veloper Kadans Sci­ence Part­ner with the ac­quis­i­tion...
CMS ad­vised Savills In­vest­ment Man­age­ment and Ar­ab Bank Switzer­land on...
CMS ad­vised Korean in­vestor Hana Al­tern­at­ive As­set Man­age­ment on the ac­quis­i­tion...
Neth­er­lands an­nounces Heat Act 2.0
CMS ad­vises Ping­Prop­er­ties re­gard­ing Ibis Styles Am­s­ter­dam Air­port
CMS - Fo­cus­ing on Funds - Re­spons­ib­il­ity and Sus­tain­ab­il­ity Mat­ters
CMS The Neth­er­lands Real Es­tate & Con­struc­tion Cap­ab­il­ity State­ment
CMS an­nounces first pan-European stand­ard green lease clauses