MRM has announced the disposal of the Nova property, located in La Garenne Colombes, near La Défense, to TwentyTwo Real Estate, acting for a co-investment vehicle jointly held with Massena Partners. Nova is a multi-tenant building with 10,600 m² of office space across 17 floors (254 parking spaces) which was the subject of a complete restructuring finished in 2012 at the end of which it obtained the HQE/NF tertiary building, HQE Exploitation and BREEAM in Use certifications.

The financing of the transaction was provided by BRED Banque Populaire.

Ashurst is advising Castellana Properties Socimi on the acquisition of the Habaneras Shopping Centre (Torrevieja, Alicante), which closed on Tuesday 8 May 2018. With this new acquisition, the Castellana Properties Socimi S.A. has become the owner of 12 properties across Spain, in which Ashurst acted as legal adviser on all of the acquisitions.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised ZPG Plc (‘ZPG’) on its proposed acquisition by Silver Lake. The acquisition, which will be effected via a scheme of arrangement, values ZPG at approximately £2.2 billion and is subject to customary conditions including FCA and European Commission approval. It is expected to close late in the second quarter or early in the third quarter of 2018.

Clifford Chance has advised Cromwell Property Group, a real estate investor and manager, on its on its strategic partnership with Linkcity, a member of Bouygues Construction, a global construction company, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe.

Shearman & Sterling advised frostkrone Group, a portfolio company of Emeram Capital Partners and one of Europe’s leading manufacturers of frozen convenience food, on the financing of the acquisition of Piz’Wich, a specialist manufacturer of on-the-go frozen snack products. Sellers are, inter alia, Piz’Wich’s management as well as the France-based private equity investment company Ardian.

Dentons has advised Aflaj International LLC, a Muscat-based real estate developer, on their role in respect of a new 11,000 sq m residential development within Muscat Hills integrated tourism complex.

Aflaj is a shareholder in Maysan Properties SAOC, a company that was established earlier this year to undertake the development. Dentons advised both on the establishment of the project company and the related joint venture agreement.

Linklaters Stockholm M&A Real Estate team advised EQT Real Estate I fund in the acquisition of the property Hönsfodret 1 on the island Södermalm (Stockholm) by way of a share transfer from an affiliate of the Swedish insurance company Folksam. The underlying property value amounts to approx. SEK 345 million (EUR 33 m) before adjustment for latent capital gain taxes and the investment represents EQT Real Estate’s seventh to date and second in Sweden. Built in 1981, the asset covers 9,100 sq.m.

Investment AB Latour has, through its subsidiary Hultafors Group AB, signed an agreement to acquire Johnson Level & Tool Mfg. Co., Inc., (“Johnson”) based in Wisconsin in the United States.

Johnson is a well-recognized provider of layout and measuring tools, being a market leader in several channels of distribution.

The acquisition is part of Hultafors Group's strategy to strengthen its presence in North America.