Leading international law firm Clifford Chance has provided comprehensive legal advice to Korean Hyundai Asset Management Co., Ltd. ("Hyundai") on its acquisition of the former corporate headquarter of Lufthansa in Cologne-Deutz by way of a share deal. The seller is a real estate fund managed by M&G Real Estate.

The property, with a rental area of around 20,400 square metres, is leased for 15 years to Bundesanstalt für Immobilienaufgaben, which in turn sublets it to Bundesamt für Familie und zivilgesellschaftliche Aufgaben.

Addleshaw Goddard has advised long standing real estate client Bruntwood on its landmark 50:50 partnership with Legal & General Capital (Legal & General) to create the UK’s largest property platform dedicated to driving science and technology growth in regional cities.
The deal will see the two partners invest £360m of capital, property and intellectual assets into a new company, Bruntwood SciTech, with a business plan supporting the creation of 20,000 high value jobs.

Bird & Bird's Finnish team advised HYY Group on its acquisition of the historical Seurahuone building from Sponda, a major property investor held by Blackstone. The Bird & Bird team was led by Managing Partner in Finland, Jaakko Hietala.

Warsaw--Dentons' Real Estate team in Warsaw has advised Skanska on the sale of Spark C, the first phase of the Spark office project in Warsaw, Poland. The building was sold to KGAL Investment Management GmbH & Co. KG, a leading German independent investment and asset manager, for EU48 million.

Spark C is the first completed building of the Spark office complex located in the Warsaw's Wola district. It offers 13,000 square meters of modern office space already leased in 85% to Skanska.

Diok RealEstate AG, a client of Heuking Kühn Lüer Wojtek, acquired a real estate portfolio consisting of six properties in Hattingen, Bochum, Neuss, Ulm, and Freiberg am Neckar. The properties have a total area of some 32,200 square meters and a market value of EUR 52.75 million. The properties were acquired in a share deal, thus by the acquisition of the property companies holding the properties. The purchase price payment served to repay the seller’s previous financing.
 

The Paris office of the international law firm Simmons & Simmons advised Gazeley, GLP's European platform, on the acquisition of a logistics fleet of three warehouses.

The three assets consist of two warehouses of 20,000m² each, and a 42,000m² warehouse, strategically located in the town of Saint-Martin-de-Crau, between the A7 and A54 motorways. This allows quick and easy access to the port of Marseille, near to which lies Gazeley’s, hitherto sole, warehouse in Fos-sur-Mer, measuring 24,000m².