We advised Citycon on the EUR 167 million sale of a 61,000 sqm GLA shopping centre portfolio consisting of the Espoontori, Tikkuri, Myllypuron Ostari and Martinlaakson Ostari shopping centres in the Helsinki metropolitan area and the Jyväskylän Forum shopping centre in Jyväskylä to Cerberus. The closing of the transaction is expected to take place in November 2017.
Noerr has advised TAG Immobilien AG on the issue of convertible bonds for €262 million and the purchase of existing notes issued by TAG Immobilien AG. The Frankfurt-based Noerr partners and capital markets experts Dr Laurenz Wieneke and Dr Julian Schulze De la Cruz acted for TAG.
Noerr has advised TAG Immobilien AG on the issue of convertible bonds for €262 million and the purchase of existing notes issued by TAG Immobilien AG. The Frankfurt-based Noerr partners and capital markets experts Dr Laurenz Wieneke and Dr Julian Schulze De la Cruz acted for TAG.
August 2017, Grandland Holdings Group Limited ("Grandland"), advised by King & Wood Mallesons (“KWM”), has entered into with LIXIL Corporation (“LIXIL”), a Share Sale and Purchase Agreement, pursuant to which, Grandland will acquire from LIXIL, the entire share capital of Permasteelisa S.p.A, the global leader of curtain wall manufacturing domain, at a consideration of EUR 467 million.
Allen & Overy is advising Algeco Scotsman, a portfolio company of TDR Capital, in connection with the $1.1 billion sale of its North American modular space and portable storage business (“Williams Scotsman”) to Double Eagle Acquisition Corp., a NASDAQ-listed, special purpose acquisition company. The stock purchase agreement for the sale was executed on August 21, 2017. The sale is subject to the approval of Double Eagle Acquisition Corp.’s shareholders and is expected to close in October 2017.
We advised Alfred Berg Asset Management AB in a transaction in which Elite Asset Management Plc acquired Alfred Berg’s Finland entities, i.e. 100% of the shares in Alfred Berg Asset Management Ltd and Alfred Berg Funds Ltd. Alfred Berg Asset Management AB is BNP Paribas Asset Management’s subsidiary in the Nordic countries.
The major part of the acquisition was paid by issuing Elite’s new shares to the seller, which became a major shareholder in Elite.
Slaughter and May, Hong Kong, advised Wing Tai Properties Limited on the issue of S$160,000,000 4.35% Senior Guaranteed Perpetual Capital Notes by its wholly-owned subsidiary, Wing Tai Properties (Finance) Limited, under the US$1 billion Medium Term Note Programme of Wing Tai Properties (Finance) Limited. The Notes are guaranteed by Wing Tai Properties Limited and will be listed on the Singapore Exchange.
Contacts
Capital Markets: David Watkins (partner), Roger Cheng (partner), Jocelyn Poon (associate)
Noerr has advised the Real I.S. Group on its first real estate acquisition for the new “Themenfonds Deutschland II”. The investment is in a project planned for Munich including office and commercial space as well as a hotel. The deal is worth about EUR 190 million.
Taylor Wessing has acted for international fund managers Meadow Partners on the sale of an office building in London’s Midtown to Access Mission Limited (an indirect, wholly owned subsidiary of Hong Kong investor Get Nice Holdings Limited) for £21m.
Ashurst advised property investor La Francaise Real Estate Partners International (La Francaise) on the acquisition of office building "Campus 53" in Frankfurt's Ostend. The seller of the six storey building located at Ferdinand-Happ-Strabe 53 is Deutsche Asset Management, belonging to Deutsche Bank Group. The parties have agreed not to disclose the purchase price.
The 6.730 square metre object is fully let to global advertising agency Leo Burnett. 58 parking spaces are available on the two basement levels.