Ashurst LLP advised EQT Real Estate on the refinancing of the Smart Parcs building, located in Courbevoie.
As a reminder, the initial acquisition by EQT Real Estate took place in August 2016.
This transaction was completed late December 2017.
Baker McKenzie FenXun Joint Operation Office ("Baker McKenzie FenXun" or the "Joint Operation") recently assisted Shui On Land Limited ("Shui On Land") with the sale of a 49.5% interest in one of its commercial real estate portfolios in Shanghai for approximately RMB 3.87 billion to further its strategic partnership with the China Life Group.
DLA Piper has advised the commercial REIT alstria office on the sale of an office and business property to Cresco Capital Group, with the purchase price amounting to €44 million. The building, which is located at Eschenheimer Landstrasse 55 in Frankfurt, is let for a remaining period of two years and generates annual revenues of approximately €1.6 million. Alstria expects the transaction to reach its conclusion in the first quarter of 2018.
Jones Day acted for iQ Student Accommodation in relation to its acquisition of the UK focused Pure Student Living student housing property portfolio and business from LetterOne Treasury.
Norton Rose Fulbright has advised Tages Capital SGR, on the acquisition of 35 photovoltaic plants from Maccaferri Group and other shareholders. The acquisition comprised the entire corporate capital of Finsolar S.r.l., Sicilia Solare S.r.l., FTV Apea S.r.l., Pietrafitta FV S.r.l. and Società Agricola Sintonage a r.l. (the “SPVs”).
The SPVs own a portfolio of 25 ground-mounted photovoltaic plants and ten photovoltaic greenhouses with an overall capacity of 51.2 MWp, which is one of the largest in Italy.
Hill Dickinson has recently advised AIM-listed client SigmaRoc plc on its acquisition of Poundfield Products (Group) Limited (Poundfield) for £10.25 million.
SigmaRoc is a construction materials group with a buy-and-build investment strategy focusing on acquiring and operating both upstream and downstream heavy construction materials businesses.
Norton Rose Fulbright has acted for the sellers and management of Rockspring Property Holdings Limited (Rockspring) on their conditional sale of the Group to Patrizia Immobilien AG (Patrizia). The sale is subject to regulatory and antitrust approvals.
Cross-border Eversheds Sutherland team advises CyrusOne on its agreement to acquire Zenium Data Centers
Eversheds Sutherland has advised US firm CyrusOne Inc. (CyrusOne), a premier global data center REIT, on its agreement with Quantum Strategic Partners Ltd (Quantum) to acquire Zenium Data Centers (Zenium), a leading hyperscale data center provider in Europe, for $442 million.
Quantum is a private investment fund managed by Soros Fund Management LLC. Zenium has four properties in London and Frankfurt, the continent’s two largest data center markets.
Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the sale of the office and commercial building "Kö-Blick" in Dusseldorf's Königsallee 61 to the "Cicerone Fund", an Italian pension fund managed by CBRE Global Investors and Fabrica SGR. The property belonged to the portfolio of an individual fund (open real estate special AIF) of Warburg-HIH Invest. The parties agreed not to disclose the purchase volume.
Clifford Chance has advised Frasers Property Investments Europe on the acquisition of a logistics facilities package for EUR 257 million. The package comprises six Hermes logistics centres with rental space totalling around 75,500 square metres on a site of about 426,500 square metres. It was sold by German real estate investor ECE Projektmanagement GmbH & Co. KG.