ART-INVEST BUYS MARRIOTT IN BONN
McDermott provided tax advice in the acquisition of a hotel by a German real estate group.
McDermott provided tax advice in the acquisition of a hotel by a German real estate group.
On March 1, 2019, Cooper Equipment Rentals Limited ("Cooper") acquired the business of Prime Rentals Ltd. in southern Alberta.
Prime Rentals has two locations in Lethbridge and Taber, Alberta with a loyal base of customers that rely on the company to provide complete equipment rental solutions.
London 21 March 2019 – Hogan Lovells has advised Israel-based Fattal Hotel Group (Fattal) on its acquisition of the operating business and a long-term lease of four London Grange Hotels, from real estate investment firm Queensgate Investments.
The transaction completed concurrently with the circa £1 billion acquisition by Queensgate Investments of the four Grange Hotels (Grange St Paul's, Grange Tower Bridge, Grange City and Grange Holborn) from Grange Hotels, owned by the Matharu family.
On March 21, 2019, BatteryOne Royalty Corp. announced that it had completed its previously acquisition of a portfolio of royalties from Pacific Empire Minerals Corp. ("PEMC") on projects located in the British Columbia copper belt. The portfolio includes a 1.0% net smelter returns ("NSR") royalty on all metals and minerals produced from PEMC's Copper King, NUB East, NWT projects, and the right to acquire a 1.0% NSR on the Pinnacle Reef project.
Greenberg Traurig advised a fund managed by Ares Management Corporation (Ares) on the acquisition of the headquarters of IKB Deutsche Industriebank (IKB) in Düsseldorf, Germany. The buyer is a joint venture between the Ares real estate fund and EDF Invest. Seller is IKB, which will remain as the main tenant in the building. The parties have agreed to keep the purchase price confidential.
CMS has advised Gramercy Europe, acting through its fund Gramercy Property Europe III, on the successful acquisition of the KiK Logistics Centre near Dunajska Streda, Slovakia, from Go Asset and ECE European City Estates.
Royal Philips, a global leader in health technology, announced March 7 its planned acquisition of the healthcare information systems business of Carestream Health, Inc. This acquisition expands Philips' radiology informatics portfolio and enhances its ability to deliver industry-leading medical imaging and healthcare IT solutions to hospitals and health systems. The transaction is expected to close in the second half of 2019.
The international law firm Milbank LLP has advised the global medical technology company Smith & Nephew plc on the acquisition of the orthopedic joint reconstruction business of Brainlab AG and on entering into a long-term exclusive R&D cooperation agreement. The cooperation is intended to expand the company's research and development activities, particularly in the areas of digital surgery and augmented reality.
Berlin, March 18, 2019 - Greenberg Traurig advised Deutsche Wohnen SE on the acquisition of a portfolio of around 2,850 residential and 100 commercial units by way of an asset deal. The purchase price amounts to approximately EUR 685 million.
The real estate portfolio consists mainly of old and post-war buildings in the Rhine-Main metropolitan regions, primarily Frankfurt am Main, Cologne and Dusseldorf. Completion of the acquisition is subject to approval by the antitrust authorities and is expected until the end of the third quarter of 2019.
Sydney, 20 March 2019: Leading law firm, Clayton Utz has advised European investment company AXA on its purchase of four Accor hotels, from The Abu Dhabi Investment Authority.
The $330 million acquisition is the most significant hotel portfolio transaction to date this year. The transaction was completed on 25 February 2019.
It is a significant deal for AXA, being its largest property investment in Australia since 2016. Three of the Accor hotels are located in Sydney's Olympic Park, and the other in Canberra.