CMS has advised Invesco Real Estate on the sale of shopping centre Varyada in Karlovy Vary, Czech Republic, to European Property Group.
Varyada shopping centre was opened in 2005 and consists of ca. 18,000 sqm of retail space with an Albert hypermarket as anchor tenant and houses an additional 65 retailers. The shopping centre is located in the Czech spa town of Karlovy Vary.
Berwin Leighton Paisner (BLP), is advising Quintain Estates and Development PLC (Quintain) on the recommended cash offer announced earlier today by Bailey Acquisitions Limited, an investment vehicle indirectly controlled by Lone Star REF IV (Lone Star). Lone Star’s offer values Quintain at approximately £700m (representing a premium of 22.4 per cent to the closing price of Quintain’s shares on 28 July 2015, being the last business day before the date of Lone Star’s announcement).
The ink is now dry on the agreement for our client Atterbury Group (in partnership with other foreign investors) to acquire the Shacolas Emporium Park (including the Mall of Cyprus) and the Mall of Engomi at a gross property value of approximately € 180 million from the Nicosia-based Shacolas Group. The Mall of Cyprus and the Mall of Engomi are Nicosia’s most popular retail developments, with an aggregate lettable area of more than 60,000 square metres and a range of popular outlets including IKEA.
Union Investment Real Estate GmbH (Hamburg) acquired andel's Hotel Berlin. The seller is a joint venture of Austrian real estate developer UBM and the financial and investment company Warimpex. andel's Hotel Berlin is managed by Vienna International (VI) Hotels & Resorts. The company runs hotels located mainly in Austria, Germany (including Arcadia Hotels), France and Eastern Europe.
Clifford Chance advised METRO PROPERTIES, the real estate subsidiary of METRO GROUP, on the divestment of the majority shareholding in 10 Real hypermarket sites to Carlton Investment as part of a joint venture.
Carlton Investment is a joint enterprise between Hildesheim-based Lüder group and Berlin-based investor Jan Wehle. The transaction relates to the so called “Socrates portfolio,” which METRO PROPERTIES had reacquired from the DELEK Group in 2014.
King & Wood Mallesons (“KWM”) advised Greenland Holding Group (“Greenland”) on its successful completion of back-door listing by injecting assets of over RMB 66.7 billion into Shanghai Jinfeng Investment Co., Ltd. (“Jinfeng Investment”) in exchange for over 11.6 billion shares. In this project, assets restructuring included two processes: replacement of assets, and purchase of assets by issuing shares. To-date, this is the largest non-financial corporate M&A deal in the China A-share market.
Baker & McKenzie has advised Zehnder Group, a Swiss-headquartered international leader in heating, cooling and ventilation systems and solutions, on the sale of a production plant in in Chalons-en-Champagne, France. The Chalons plant has been increasingly focused on sheet metal processing and sheet metal processing for third-party customers does not form part of the Zehnder Group's core business.
Ashurst advised Warburg-HIH Invest Real Estate GmbH ("Warburg-HIH Invest") on the sale of a retail warehouse park in the German town of Bedburg to LaSalle Investment Management ("LaSalle"). The park was sold from the portfolio of the Warburg - Henderson Pan-Europa Fonds Nr. 1 investment fund for an undisclosed consideration. The disposal was concluded according to plan within the framework of the fund's disinvestment phase.
Mayer Brown has advised one of Southeast Asia’s largest property development companies, Sinarmas Land Limited, on the purchase of the Alphabeta office building in Finsbury Square, London.
The 220,000 sq ft building, formerly known as Triton Court and located on the border of Shoreditch and the City, is a completely refurbished office building comprising high quality Grade A accommodation on the lower ground to eighth floors.
The property was sold by Resolution Property.
Ballast Nedam wins court of appeal case against Max Bögl. Houthoff Buruma advised Ballast Nedam on an appeal case against Max Bögl, a former joint venture partner. The Supreme Court has rejected an appeal in cassation, lodged by Max Bögl. For Ballast Nedam this ruling means an elimination of a risk of over 9 million euros, without further financial impact.