Warsaw--Dentons' Real Estate team in Warsaw has advised Atrium European Real Estate on the acquisition of the Wars Sawa Junior department store complex in Warsaw from PFCEE, a fund managed by CBRE Global Investors. The transaction value was EU301.5 million.
DLA Piper has advised a joint venture, managed by publity AG as part of an asset management mandate, on the sale of the office property "Sunsquare" to the Godewind Group for 30.5 million euros.
Located in a commercial area in Kirchheim near Munich, the property has a rental area of more than 18,000 square meters. The complex has an additional expansion reserve of around 15,500 square meters. The transfer of ownership, benefits and claims on the property and assets will be completed by the end of the year.
International legal practise Osborne Clarke has advised leading UK infrastructure manager and project management provider, Equitix and Equitix Management Services, on the tender and successful completion of the initial two phases of the largest Solar O&M consolidation project in the UK.
The project involves 12 solar parks comprising c.150MWp the four phase project is being managed by Equitix Management Services across a two year period.
Stuttgart – Listed Belgian real estate company Cofinimmo SA is expanding its portfolio of healthcare properties in Germany. The group has signed an agreement to acquire a psychiatric clinic currently under construction, subject to conditions precedent. The new clinic in Kaarst near Düsseldorf (North Rhine-Westphalia) will specialise in the treatment of depression and burnout. Handover and transfer of ownership of the property is scheduled for spring 2020. A long-term lease for the property was agreed with Oberberg GmbH as part of the transaction.
International law firm Ashurst advised WeWork on the signing of a lease agreement with AEW for 13,200 square meters in a building located 2/4 rue Jules Lefebvre in Paris, France.
WeWork is an American company that provides shared workspaces, technology startup subculture communities, and co-working services for entrepreneurs, freelancers, startups, small businesses and large enterprises.
The Ashurst team in Paris was led by partner Guillaume Aubatier, assisted by associate Malvina Dahan.
International law firm Pinsent Masons has secured a successful result for Turkish construction company, Tepe in relation to its landmark US$100 million state immunity case.
The decision handed down by the Judicial Committee of the Privy Council has far-reaching implications for both States SOEs and those who contract with them.
Dentons Rodyk is acting for RB Capital group, a privately held real estate conglomerate headquartered in Singapore headed by the billionaire Kishin RK, in the sale of units with an aggregate area of 10,602 sq ft at Farrer Square (where StarMed’s day-surgery and multi-disciplinary medical centre “StarMed Specialist Centre” is located), to StarMed@Farrer Square Pte. Ltd. (“StarMed”), a subsidiary of listed company Health Management International Ltd, at the price of S$36.7 million.
The Firm is representing KKR’s wholly owned portfolio company Calsonic Kansei in the acquisition from Fiat Chrysler Automobiles N.V. of its automotive components business Magneti Marelli S.p.A. The transaction values Magneti Marelli at approximately €6.2 billion ($7.1 billion). The combined businesses of Calsonic Kansei and Magneti Marelli will create a top ten global independent automotive components supplier, based on total revenue. The transaction is subject to customary closing conditions.
Gide has acted as adviser to a fund managed by GLL Real Estate Partners on the disposal to PGIM Real Estate of Le Square, a 7,000 sq.m.-office building located in the 8th arrondissement of Paris.
Gide's team comprised partner Christopher Szostak and associate Bertrand Garrandaux.
GLL Real Estate Partners was also advised by Wargny Katz, Reed Smith, Exponens and JLL & Catella.
PGIM Real Estate was advised by De Pardieu Brocas Maffei and Cheuvreux Notaires.
Watson Farley & Williams (“WFW”) advised developer and long-standing client RAL Development Services LLC (“RAL”) and their partner, Oliver’s Realty Group (“Oliver’s”), on the sale of a luxury penthouse in the Quay Tower condominium project they are currently developing in New York City’s Brooklyn Heights neighborhood.