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Asset Sale: Acquiror's Counsel

KWM advises Art-Invest Real Estate on the acquisition of a data centre in the Rhine-Main region

19 Jul 2016

Art-Invest Real Estate has acquired a data centre in Gutleutstraße 310 in Frankfurt as part of an asset deal. The data centre is rented by a prestigious operator; the purchase price was not disclosed. The real estate team of King & Wood Mallesons LLP (KWM) provided legal and tax advice to the purchaser.

The property has a land area of 20,000 m². The seller is the MELF Monti I S.à r.l., which was advised by K&L Gates LLP.

WOLF THEISS ADVISES CONSOLIDATED PRECISION PRODUCTS ON ITS FIRST POLISH ACQUISITION

18 Jul 2016

Wolf Theiss Warsaw has advised Consolidated Precision Products Corp. on its successful acquisition of two casting facilities located in Rzeszow, Poland from a business unit of Pratt & Whitney Canada, a subsidiary of United Technologies Corporation. The transaction closed for an undisclosed amount on 30 June 2016. The acquired casting facilities specialize in aerospace engine components, with enhanced technology for superior manufacturing and cost-efficient processes.

Pinsent Masons advises on McColl's acquisition of Co-op convenience stores

15 Jul 2016

International law firm Pinsent Masons has advised McColl's on its acquisition of 298 convenience stores from the Co-operative Group Limited for an aggregate consideration of £117m in cash.

The firm has been advising McColl's, a leading neighbourhood convenience retailer, on real estate matters in connection with the sixty stores situated in Scotland and a number of stores located in Northern Ireland.

McColl's to acquire convenience store portfolio from the Co-op

14 Jul 2016

Travers Smith LLP has advised longstanding client McColl’s Retail Group plc, the convenience store group, on its acquisition of a portfolio of 298 convenience stores from the Co-operative Group for £117m. Travers Smith has advised McColl’s since 2005 and advised it on its IPO in 2014.

McColl’s will fund the deal through a placing of shares to raise approximately £13.1m and an extension of the current debt facility it has secured from its existing lenders.

Clifford Chance advises Blackstone und Quantum on the acquisition of the office building "Treptowers" in Berlin

14 Jul 2016

Clifford Chance has advised Blackstone Real Estate Part-ners Europe IV (“Blackstone”) and Quantum Capital GmbH & Co. KG (“Quantum“) on the acquisition of the office building An den Treptowers 3 (“Treptowers”) in Berlin from Deutsche Office AG.

Treptowers is a high-quality 90,000 square metres office building in Mediaspree, a fast growing sub-market in Berlin. The building was originally developed in 1998 and is currently fully let to Allianz. Blackstone and Quantum shall oversee the management of the property.

Dentons advises Catella on the acquisition of residential units in Zlota 44

13 Jul 2016

Dentons advised German fund Catella Real Estate AG on the acquisition of 72 residential units in Zlota 44 in Warsaw, Poland, from Amstar, a private equity fund and BBI Development.

192 meters high, with 54 floors and 251 luxury apartments, Zlota 44 is the tallest residential tower in the European Union. It was designed by the acclaimed Polish-born American architect Daniel Libeskind, and is located in the central business district of Warsaw, right next to the Palace of Culture, the Intercontinental Hotel, as well as the Rondo I and Warsaw Financial Center office towers.

Norton Rose Fulbright advises Beijing Capital Juda on RMB2,372 million acquisition of three outlet projects from Beijing Capital Land

13 Jul 2016

Global law firm Norton Rose Fulbright has advised Beijing Capital Juda Limited on its RMB2,372 million acquisition of three outlet projects in Beijing, Kunshan and Huzhou in China from its parent company, Beijing Capital Land Ltd. The acquisition will enable Capital Juda to become one of the largest nationwide outlets developer and operator in China.