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Asset Sale: Acquiror's Counsel

Pinsent Masons advises Hines on its Bond Street property acquisition

16 Jan 2019

International law firm Pinsent Masons has advised US investor Hines European Value Fund (HEVF) on the £40 million plus real estate acquisition of 354-358 Oxford Street opposite London's Bond Street tube station from London Underground.

The deal, which is the first big ticket property transaction of 2019 and HEVF's first London acquisition, will see the company convert the site into a mixed residential and retail scheme with an estimated GDV of approximately £70 million.

WFW advises Nordic Solar Energy on acquisition of Italian PV portfolio

16 Jan 2019

Watson Farley & Williams (“WFW”) advised Danish investment firm Nordic Solar Energy A/S on the acquisition of a photovoltaic portfolio with total capacity of 14 MW from Sella Investment.

The portfolio comprises 14 rooftop and ground mounted PV plants in the Italian provinces of Pordenone, Genova, Siena, Latina, Roma and Teramo.

WBD advises Hearthstone Residential Fund 1 on its single largest deal with a major housebuilder

10 Jan 2019

WBD has advised Hearthstone Investment Management's private equity fund, Hearthstone Residential Fund 1 (HRF1), on its single largest deal to date with a major national housebuilder, to acquire 72 houses.

In a significant multi-site deal with a national housebuilder, HRF1 has agreed to purchase 72 two, three and four bedroom houses scheduled to be completed this year. The new build homes are located in Exeter (28), Bicester (11), Rugby (9) and Pontefract (24).

Osborne Clarke advises Foresight and KIS KIAMCO on wind park acquisitions

10 Jan 2019

Osborne Clarke has advised the British Foresight Group LLP and the Korean KIS KIAMCO German Wind Fund on the acquisition of the wind parks Krackow-Glasow and Seubersdorf 2 from the German wpd group. The wind parks have a total installed capacity of more than 50 MW and consist of 17 wind turbines. The  transaction allows KIS KIAMCO to enter the German renewable energy market for the first time. The Korean fund plans to further invest in Germany and Europe.

MinterEllison advises Albemarle on US$1.15bn acquisition of 50% interest in Wodgina Lithium Project

09 Jan 2019

MinterEllison has acted for Albemarle Corporation (Albemarle) in relation to its US$1.15 billion acquisition of a 50% interest in Mineral Resources Limited's (Mineral Resources) Wodgina Lithium Project in Western Australia, and formation of a joint venture with Mineral Resources.

The joint venture between Albemarle and Mineral Resources will involve the operation of the Wodgina Lithium Project and the development of a lithium hydroxide plant at the mine.

The MinterEllison team advised Albemarle on all aspects of the transaction.

Ashurst advises Fubon Life on the acquisition of Frankfurt's Eurotower

09 Jan 2019

Ashurst advised Taiwanese insurer Fubon Life on the acquisition of the Eurotower in Frankfurt.

Fubon Life, one of the largest insurers in Taiwan, acquired the 148 metre high office property at Frankfurt's Kaiserstraße through Patrizia Immobilien, who acted as the investment manager. The seller is a fund managed by Triuva for a German pension fund. The purchase price was EUR 530 million. The Eurotower is known as the former headquarter of European Central Bank, which stayed in the building as a tenant after its headquarters moved to Frankfurt's Ostend.

Norton Rose Fulbright advises Falck Renewables on the acquisition of five wind farms

08 Jan 2019

Global law firm Norton Rose Fulbright has advised listed Italian energy company Falck Renewables S.p.A, through its France-based subsidiary Falck Energies Renouvelables SAS, on the acquisition, for an expected price of approximately EUR 37m, of a portfolio of five operating wind farms totaling an installed capacity of 59.5MW, with an expected annual total output of 117 GWh, from clean energy investor Glennmont Clean Energy Cooperatief U.A.

BCLP advises on Aedifica’s acquisition of a portfolio of 93 healthcare properties in the UK for approx. £450m

05 Jan 2019

International law firm Bryan Cave Leighton Paisner’s Healthcare team have advised listed Belgian healthcare investor Aedifica on the acquisition of a portfolio of 93 care home properties across England for approximately £450m from Lonestar. This marks Aedifica’s entry into the UK market, making it the fourth country in its portfolio.