International law firm Withers and its Singapore alliance, Withers KhattarWong, have represented Marriott International in securing their first JW Marriott and EDITION hotels in Singapore.
Cuatrecasas, Gonçalves Pereira advised the German chemical group Evonik Industries on buying Norel’s probiotics business. The transaction includes the product portfolio and the manufacturing site in Onzonilla (León).
SEB's housing fund, Domestica II, has acquired 300 rental apartments in the real estate properties Vallentuna-Åby 1:166 and Vallentuna-Åby 1:171 from Magnolia Bostad. The sales are made through company transfers at a price of about SEK 100 million. Upon completion the property value is approximately SEK 500 million. The properties will be environmentally certified.
Domestica II was advised by Mannheimer Swartling in the transaction. Klas Wennström was the partner responsible, primarily assisted by Natalie Bretz and Hannah Ström.
DLA Piper has advised the Japanese subsidiary of the international automotive supplier, Knorr-Bremse AG, headquartered in Sakado-shi, Japan, on the acquisition of a transmission components business for on-highway commercial vehicles from Bosch in Japan for an undisclosed amount.
The acquisition will enable Knorr-Bremse to develop and manufacture gear shift units and clutch actuators, as well as transmission control units for trucks and buses locally for the Asian market, thereby reinforcing its competitive position in the AMT and DCT transmission sector.
Linklaters was pleased to advise the Qatar Investment Authority on its acquisition of Asia Square Tower 1 – a prime Grade A commercial development in Singapore's Marina Bay business and financial district.
“This is the largest single-tower real estate transaction in Asia Pacific to date and the second largest single-tower real estate transaction globally,” said William Kirschner, Partner, Linklaters.
Herbert Smith Freehills has advised Growthpoint Properties Australia Limited (Growthpoint) on a $166 million acquisition of a fully-leased A-grade office building in South Melbourne, Victoria.
Located at 75 Dorcas Street, the 11 storey building is 100% leased to several high profile tenants, including ANZ, food conglomerate Mondelez and BMW. The newly renovated property forms part of Melbourne’s city fringe office market.
Macfarlanes has advised Intu Properties Plc on the acquisition of a 50 per cent stake in the Merry Hill Shopping Centre from QIC for a consideration of £410m.
Mayer Brown announced today that it represented GPEP GmbH as portfolio manager as well as Universal-Investment on the joint acquisition of various retail properties and retail centers with a gross lettable area of around 108,000 sqm and annual rental income of around seven million Euros for an institutional investor. Seller was an internationally active special servicer. The purchase price was not disclosed.
Houthoff Buruma assisted Alcogroup, Vanden Avenne Commodities and Vandema in the purchase of the bio-ethanol factory of Abengoa Bioenergy Netherlands in Rotterdam, which was declared bankrupt earlier this year due to financial problems of the Spanish parent company Abengoa S.A. The transaction is subject to permission being granted by the relevant competition authorities.
Linklaters has advised TH Real Estate in its acquisition of Thurrock Shopping Park in Thurrock, Essex from Hammerson Plc. The property was acquired on behalf of TIAA’s General Account.
The retail park comprises 274,770 sq ft (25,527 sq m) and totals 19 retail units with 1,600 car parking spaces.
The Linklaters team was lead by Real Estate Partner, Simon Price, Real Estate Managing Associate, Imogen Jones, Tax Partner, Elizabeth Conway and Tax Associate, Cian O’Connor.