Schoenherr Prague has advised Aiga Eastern Europe Investments S.a r.l. ("AIGA") on the sale of Wratislaw Palace, a historical heritage property in Prague, to TTP invest, uzavreny investicni fond, a.s. ("TTP invest"). The financial terms of the transaction will not be disclosed.
Grove Developments Limited v Balfour Beatty Regional Construction Ltd
Earlier today, the Court of Appeal issued its judgment in the case of Grove Developments Limited v Balfour Beatty Regional Construction Ltd.
DLA Piper has advised Senate Properties on the sale of office and laboratory buildings occupied by the Finnish Institute of Occupational Health in Topeliuksenkatu, Helsinki. The purchasers are investment fund, OP Vuokratuotto, and real estate fund, Finland III Ky, who will own joint shares in the properties. The purchase price is 39.1 MEUR.
Burges Salmon has advised BCLT in connection with an innovative scheme to provide residents of one of its projects with renewable electricity from solar panels installed on rooftops.
Energy sector experts from Burges Salmon have advised Bristol Community Land Trust (BCLT) in connection with an innovative scheme to provide residents of one of its projects with renewable electricity from solar panels installed on rooftops.
The international law firm Baker & McKenzie has advised TH Real Estate on the sale of two commercial properties in Wiener Neudorf. The purchaser of the two commercial properties in Wiener Neudorf is Bena Business Center GmbH.
King & Wood Mallesons has advised Melbourne Stadiums Group, owners and operators of the Etihad Stadium in Melbourne, on the sale of the stadium to the AFL.
Under the deal terms, management rights and freehold ownership will transfer to the AFL who will formally take over the stadium in early November. The transaction will accelerate the AFL’s ownership of the stadium, with the AFL originally entitled to acquire the stadium land in 2025 under an option granted when the stadium was developed in the late 1990s.
GSK Stockmann’s Luxembourg office advised EQT pertaining to the acquisition of Bilfinger's business segment Building and Facility for a purchase price of around EUR 1.2 billion (enterprise value of EUR 1.4 billion).
Building and Facility is the biggest real-estate service provider in the DACH region and also a leading player in the segment in the UK. The segment comprises three divisions (Facility Services, Real Estate, Building) with approx. 20,000 employees.
Dutch retail property group Redevco and UK pension manager Hermes Investment Management have initiated their €250m European retail real estate acquisition programme by acquiring the shopping centre "L’Espace du Palais" in Rouen, France.
The Redevco/Hermes Investment Management European joint venture is targeting investments in high-street properties, shopping centres and retail parks in need of hands-on asset management in France, Germany, the Benelux countries and the Nordic region.
Burges Salmon has advised a joint venture – comprising Change Real Estate, Cannon Family Office and ICG Longbow – on the development of the first phase of Redcliff Quarter in Bristol.
Commercial real estate experts from Burges Salmon have advised a joint venture – comprising Change Real Estate, Cannon Family Office and ICG Longbow – on the development of the first phase of Redcliff Quarter in Bristol.
Nabarro has advised GSA (the global student accommodation leader) and GIC (Singapore’s sovereign wealth fund) on their acquisition of Threesixty Developments’ 7,150 bed UK student accommodation portfolio from Oaktree Capital Management. In addition to this, Nabarro acted for GSA on its acquisition of the operating platform of The Student Housing Company, one of the UK’s best-known student accommodation brands.