Linklaters has advised a fund and clients instructed by Meyer Bergman, the pan-European real estate investment manager, on the sale of fourteen sites development sites held by Tesco. The transaction, worth £250 million, is for sites suitable for mixed use and residential property.
Tesco and Meyer Bergman have already reached completion on eleven sites.
Markus Meijer, CEO at Meyer Bergman, said:
The Liverpool office of international law firm, Hill Dickinson has advised The Conygar Investment Company PLC on the acquisition of two development sites in Wales.
The property investment and development group has acquired the freehold of the former Shell Storage Facility site near Rhosgoch, Anglesey for a consideration of £3 million.
The 203 acre brown field site is located approximately 3 miles from Amlwch Port and 6.5 miles from the site of the existing and proposed Wylfa Nuclear Power Station.
Herbert Smith Freehills has advised Wingate Asset Management (Wingate) on the acquisition of a 75% stake in a A$70 million retail development in Byron Bay, a popular tourism destination on the New South Wales coast.
Construction of the Mercato on Byron Shopping Centre is set to begin early next year, with Woolworths and Palace Cinemas anchor tenants. The development aims to achieve a 5 Star Green Star rating, making it the most environmentally friendly shopping development in regional NSW.
Herbert Smith Freehills has advised Vonovia SE, Germany's leading listed real estate company on its offer to the shareholders of Deutsche Wohnen AG to acquire all shares in Deutsche Wohnen AG for €9.92 billion, as alternative to the proposed merger between Deutsche Wohnen AG and LEG Immobilien AG.
Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of an office property in Stuttgart for the portfolio of the Warburg - Henderson Germany High Income Fund. The property built in 2012/2013 located at Löwentorbogen 11/13 in Stuttgart's Bad Cannstatt district was sold by Dibag Industriebau AG. The parties have agreed not to disclose the purchase price.
The building's lettable area of 11.284 square metres is fully occupied by GMB Generalmietgesellschaft mbH, a wholly-owned subsidiary of Deutsche Telekom.
Wragge Lawrence Graham & Co (WLG) fielded a team of real estate and corporate specialists, backed up with the expertise of banking, insurance, tax, planning, construction and employment solicitors, to advise new client New Frontier Properties Limited on its purchase of Houndshill Shopping Centre in Blackpool for £105 million.
The 302,000 sqft shopping centre has 65 retail outlets and 750 car parking spaces and is populated with major retailers including Debenhams, Next, River Island and H&M.
Berwin Leighton Paisner (BLP) advised Hines Immobilien GmbH (Hines) on the acquisition of the Düsseldorf Arcaden shopping centre in the heart of Düsseldorf’s largest district Bilk.
Hines acted as the acquisition manager on behalf of a special real estate investment fund managed by Union Investment and will take over as the asset manager of the shopping centre. The lead investor of the real estate investment fund is the Berlin health care professional pension scheme Berliner Ärzteversorgung along with four other pension funds.
Setterwalls has represented Contentus in a disposal of the real properties Fältmarskalken 3, Söderberg 4 and Söderberg 5 in Kristianstad. The properties consist of in total 86 apartments, app. 2,400 sq. m. retail and app. 10,600 sq. m. building rights. Singing and completion occurred on 1 October 2015.
Anders Frick has been responsible for the work performed by Setterwalls.
Berwin Leighton Paisner (BLP) provided legal advice to CBRE Global Investors on the acquisition of the Glacis-Galerie shopping centre in Neu-Ulm, Germany.
The Glacis-Galerie shopping centre opened last March and includes nearly 27,000 m2 of retail space in a central location in Neu-Ulm’s old town district near the main train station. Among the mall’s 90 tenants are several renown retailers including C&A, Deichmann, Douglas, H&M and Thalia. In addition to the shopping centre building, the property includes over 1,100 parking spaces.
Berwin Leighton Paisner (BLP) has advised on the pre-let of the entire office space at Four Pancras Square, King’s Cross to Universal Music, the world’s leading music company. BLP was instructed by King’s Cross Central Limited Partnership led by Argent as the development/asset manager for the King’s Cross estate.