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Real Estate & Construction

DLA Piper advises parties in sale and redevelopment of Suffolk Downs racetrack

05 Jun 2017

DLA Piper served as legal counsel on the sale of the Suffolk Downs racetrack for US$155 million.

A DLA Piper team, led by partner Bryan Connolly (Boston), represented Sterling Suffolk Racecourse, LLC, in the sale and leaseback of the 161-acre property, which is located in both East Boston and Revere, Massachusetts. The Boston-based DLA Piper team representing Sterling Suffolk also included partner Geoff Howell, of counsel Bruce Barnett and associate Paul Evans. Negotiation of the purchase and sale agreement and the lease for the buyer were handled by Ropes & Gray.

Hemsö divests 35 real properties

01 Jun 2017

Hemsö has divested a portfolio of 35 real properties at different locations in Sweden to SBB i Norden AB. The total sales price for the portfolio amounts to approximately SEK 1.5 billion.

The property portfolio comprises three retirement homes, four educational properties and 28 other properties. Most of the properties are located in western and southern Sweden. The largest tenants are Västra Götaland County Council and Lund University.

Hemsö was advised by Mannheimer Swartling in the transaction.

Arntzen de Besche assists Newell Brands

01 Jun 2017

Newell Brands Inc. announced May 26, 2017 that it has signed a definitive agreement to sell its Winter Sports businesses to the private equity company Kohlberg & Company, L.L.C. for USD 240 million.

The transaction includes the brands Madshus, K2, Völkl, Marker, Dalbello, Line, Full Tiff, Atlas, Ride and BCA. More information about the transaction is available in the press release from Newell Brands here.

The team from Arntzen de Besche has consisted of Erling Høyte, Pål Arne Reinertsen and Martin Gunnheim.

DLA Piper advises parties in sale and redevelopment of Suffolk Downs racetrack

01 Jun 2017

DLA Piper served as legal counsel on the sale of the Suffolk Downs racetrack for US$155 million.

A DLA Piper team, led by partner Bryan Connolly (Boston), represented Sterling Suffolk Racecourse, LLC, in the sale and leaseback of the 161-acre property, which is located in both East Boston and Revere, Massachusetts. The Boston-based DLA Piper team representing Sterling Suffolk also included partner Geoff Howell, of counsel Bruce Barnett and associate Paul Evans. Negotiation of the purchase and sale agreement and the lease for the buyer were handled by Ropes & Gray.

Autopistas del Sol, S.A. completes $300 million Rule 144A and Reg S offering and concurrent public offering of $50.75 million of Senior Secured Notes in Costa Rica

31 May 2017

Jones Day represented Autopistas del Sol, S.A. in connection with a Rule 144A and Regulation S offering by Autopistas del Sol of $300 million aggregate principal amount of 7.375% Senior Secured Notes due 2030. Concurrently with the Rule 144A and Regulation S offering, Autopistas del Sol offered $50.75 million in aggregate principal amount of 6.80% of Senior Secured Notes due 2027 to certain investors in Costa Rica pursuant to a separate Costa Rican prospectus in a public offering approved by Costa Rica’s General Superintendency of Securities. Citigroup Global Markets Inc.

Nctm gets the eviction of about 1000 abusive occupants of an area owned by Galileo Ferraris

25 May 2017

Following the adoption of the Campania Administrative Regional Court and the consequent actions of the Prosecutor of the Republic of Naples, the eviction of about 1000 abusive occupants of an area of almost 18 hectares located in Naples East. Galileo Ferraris 160 S.r.l. (Hereinafter Galileo Ferraris), a company active in the sale of real estate, could thus be included in the availability of its property.

White & Case Advises Klepierre on Acquisition of Nueava Condomina Shopping Centre

24 May 2017

Global law firm White & Case LLP has advised Klépierre, a leading European pure play shopping centre property company, on its acquisition of Spanish shopping centre Nueva Condomina for €233 million.

Klépierre purchased 100 percent of the shares in the Spanish entity that directly owns Nueva Condomina from a subsidiary of BNP Paribas Fortis, and financed the acquisition through available credit lines.

Stephenson Harwood advises on the sale of JB Riney to Tarmac

24 May 2017

Stephenson Harwood LLP has advised the sellers of JB Riney on the sale of the company to Tarmac, the building materials and construction solutions firm.

JB Riney is a London-based civil engineering company. The company will continue to operate under the Riney name, and will form part of the highways services division within Tarmac’s contracting business.