Global law firm White & Case LLP has advised Wilma Europe Holding BV on the sale of its majority stake in Wilma Immobilien GmbH (Wilma).
The buyer is the Luxembourg based real estate fund Aermont Capital Real Estate Fund IV (ACREF IV). The parties have agreed not to disclose the purchase price. The transaction is still subject to the approval of the relevant authorities.
Greenberg Traurig advised Gewobag, a Berlin-based housing company, on the acquisition of a majority stake in the real estate fund Pallasseum Wohnbauten KG (Pallasseum). The building complex comprises a total of 514 residential units, 16 commercial units as well as 288 parking spaces and is located in the Tempelhof-Schoeneberg district of Berlin. The acquisition represents Gewobag’s first majority stakeholding in a closed-end mutual fund similar in size. The parties have agreed to keep the purchase price confidential.
Fried Frank advised Cording Real Estate Group in the sale of an office building in the “Science Park” of university town Ulm in Germany to Arminius Group for the special alternative investment fund VB Immo Select of Volkswohl Bund Lebensversicherung a.G., managed by HANSAINVEST Hanseatische Investment-GmbH. The lettable area amounts to 8,736 square meters and is rented out on a long-term basis to an international technology firm. The purchase price is undisclosed.
King & Wood Mallesons (KWM) has advised Brookfield Infrastructure on its purchase of AT&T’s global data centre colocation operations in conjunction with King & Spalding LLP. The transaction, valued at $1.1 billion, includes 31 data centres across 5 continents.
The centres will be operated by a newly created and wholly owned subsidiary of Brookfield, Evoque Data Center Solutions, which will now provide colocation services to more than 1,000 business customers, in partnership with AT&T’s wider enterprise offering.
International legal practice Osborne Clarke has advised The RO on the disposal of West Park House in Southampton for £5.1 million.
The property has been sold to CIFCO Capital Limited (an investment company serving the Joint Capital Investment Strategy and Investment Fund of Babergh District Council and Mid Suffolk District Council). The money will provide The RO with capital for further acquisitions.
The RO was also advised by CBRE.
We advised Macquarie Infrastructure and Real Assets (MIRA), a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets, on Luxembourg regulatory and legal aspects of the setting up, structuring and closing of its latest North America-focused fund, Macquarie Infrastructure Partners IV (MIP IV).
MIP IV successfully closed at EUR 5 billion, in December 2018.
Our investment management team was led by Thibaut Partsch and supported by Marjorie André and Alix Braun.
CMS Francis Lefebvre Avocats advised Deka Immobilien GmbH in the sale of its Le Colisée office building to the developer Nexity and participated in the drafting and negotiation of the sales contract documentation.
Built in 1996, Le Colisée is located in the town bordering Saint-Ouen, north of Paris, and has a surface area of more than 13,000 m² and 251 parking spaces.
Addleshaw Goddard's Real Estate sector team has advised Galliard Homes on the unconditional purchase from Royal Mail of a 0.9 acre plot (Plot C) on its Nine Elms Park site.
Royal Mail's former South London mail centre site in Vauxhall, South London – now known as Nine Elms Park – is centred on a linear park, which runs the length of the site east to west, alongside residential-led development and commercial space. It extends from the new US Embassy to the planned Northern Line extension, which will provide two stations within walking distance.
Simpson Thacher represented Testa in its EUR 1.9 billion financing in connection with a large portfolio of residential units located across Spain.
The financing follows the agreement entered into by Blackstone in October 2018 to purchase a majority stake in the company which Simpson Thacher also assisted on. Testa currently owns and manages more than 10,600 residential units in the main Spanish cities and regions.
The Simpson Thacher team who acted on the financing included Tom Lloyd, Luke Murphy and Alexandre Rakotovao (Real Estate).
Greenberg Traurig advised asset management firm Eiffel Investment Group (EIG) on an asset-backed debt financing for IT startup Grover Group GmbH (Grover). The funds managed by EIG provide financing in the amount of EUR 20 million.