CMS has advised Gramercy Europe, acting through its fund Gramercy Property Europe III, on the successful acquisition of the KiK Logistics Centre near Dunajska Streda, Slovakia, from Go Asset and ECE European City Estates.

Herbert Smith Freehills’ market-leading Real Estate team has advised The GPT Group on the sale of its 50% interest in Sydney’s MLC Centre to the Dexus Wholesale Property Fund. 

Dexus was a 50% co-owner of the asset with GPT, and subject to completion will now own 100%. The sale was effected pursuant to pre-emptive rights in the co-ownership agreements.

Herbert Smith Freehills advised GPT in relation to the pre-emptive rights, the subsequent sale process and the negotiation of the contract. 

Berlin, March 18, 2019 - Greenberg Traurig advised Deutsche Wohnen SE on the acquisition of a portfolio of around 2,850 residential and 100 commercial units by way of an asset deal. The purchase price amounts to approximately EUR 685 million.
 
The real estate portfolio consists mainly of old and post-war buildings in the Rhine-Main metropolitan regions, primarily Frankfurt am Main, Cologne and Dusseldorf. Completion of the acquisition is subject to approval by the antitrust authorities and is expected until the end of the third quarter of 2019.
 

Frankfurt/Main – Aurelis Real Estate has acquired the site of the former General Electric Power AG turbine factory in the Käfertal district of Mannheim from GE. Generators, locomotives and gas and steam turbines have been manufactured at the location since the early 20th century. Aurelis intends to turn the production site into a sustainable commercial district, working in close consultation with the city authorities, and to add it to its portfolio as a long-term holding. GE will lease back parts of the 26 individual properties at the industrial location.

International law firm Clifford Chance has advised Battersea Power Station Development Company on the construction aspects of the forward purchase of the commercial parts of Battersea Power Station Phase 2 by Permodalan Nasional Berhad (PNB) and the Employees' Provident Fund of Malaysia (EPF).
The Clifford Chance team was led by Head of UK Real Estate Construction, Marianne Toghill assisted by Construction Group associate JP Attlee.

Slaughter and May advised Interserve plc in relation to the development and implementation of its deleveraging plan, which culminated in the pre-packaged administration sale of the business and assets of the group to a newly-incorporated company owned by the group’s existing lenders on 15 March 2019.

Interserve is one of the world’s foremost support services and construction groups, with gross revenues of circa £3.2 billion and a workforce of circa 68,000 people worldwide.