Global law firm Norton Rose Fulbright has advised Beijing-based Norinco International Cooperation Ltd. on the US$71 million acquisition of rights to build and operate a 156-megawatt wind power project in the Adria coastal area of central Croatia.
A team led by Dr. Marc Scheunemann advised KanAm Grund Group on the acquisition of the Z88 office building for a special real estate fund. The property in Zamdorfer Straße in the east of Munich covers almost 10,000 square meters. Fürth-based project developer P&P is the seller.
The new tenant is the Federal Institute for Real Estate Tasks (BImA), which uses the property for its "Central Office for Information Technology in the Safety Area." P&P had refurbished the building for the new user in recent months.
Leipzig – The Hirmer Group has acquired Travel Charme Hotels & Resorts, one of Germany’s leading resort and holiday hotel chains. The transaction sees the Munich-based family-owned business extending its existing fashion and real estate portfolio to include hotels. The parties agreed not to disclose details of the purchase price.
An international CMS team headed by lead partner Dr Jochen Lux advised the Hirmer Group on all legal aspects of the transaction.
Milbank, Tweed, Hadley & McCloy LLP advised Globalworth Real Estate Investments Limited on the establishment of its €1.5 billion EMTN Programme and the issuance threreunder of €550 million 3.000% senior unsecured notes due 2025. The proceeds from the issue will be used for general corporate purposes. The notes have been listed on the regulated market of the Irish Stock Exchange. In addition, they are expected to be listed on the Bucharest Stock Exchange.
Linklaters advised Panattoni Europe, a market leader in industrial real estate in Europe, on the construction of the largest parcel distribution centre for the courier company GLS Poland. It is the developer’s first project for this company. The 7,000-square-metre facility was built in Janki near Warsaw and will handle on average 80,000 parcels a day and employ approx. 150 people.
French Bouygues Construction and Colas Rail, the rail subsidiary of Colas Group, have been chosen by Alpiq Group for the acquisition of Alpiq Engineering Services – a leading Swiss player in the energy, industrial services and rail infrastructure sectors. Clifford Chance advised Bouygues Construction on this acquisition with an enterprise value of CHF 850 million. The closing of the operation is scheduled for the second half of 2018, subject to the approval of the European and Swiss competition authorities.
Fried Frank's new London-based real estate group advised Invesco Real Estate (“Invesco”), the global real estate investment manager, on two recent retail transactions in the UK, with an aggregate transaction value of c. £85 million.
The first transaction involves the sale by one of Invesco's pan-European commingled mandates of a B&Q plc retail store, structured through the sale of shares in a Luxembourg entity, to a client of Palmer Capital.
Allianz has sold the Zollstock-Arkaden residential and commercial building in the Zollstock district of Cologne. The tenanted property was acquired by aik Immobilien-Investmentgesellschaft mbH for one of its special real estate funds. Built in 1991, the four-storey property is located south of downtown Cologne and offers total floor space of around 15,000 square metres. Retail premises account for some 5,700 square metres of the rental area, with approximately 3,500 square metres being devoted to offices and medical practices. The 77 residential units cover around 5,500 square metres.
We are proud to announce that we have advised INVESCO on two recent real estate transactions:
Dentons advised Cambridge Innovation Center (CIC), a US real estate services company providing high-end science and technology shared infrastructure to innovative entrepreneurs, on a lease agreement for a 14,000 sq m space in Varso 2, part of HB Reavis’ new flagship development in Warsaw.
Cambridge Innovation Center’s office in Warsaw will be a new hub for the city’s tech community focusing on energy, biotech, digital and new materials. It will be CIC’s second European premises after Rotterdam.