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Asset Sale: Acquiror's Counsel

WFW advise Capital Stage on the acquisition of four Italian PV plants

29 Feb 2016

Watson Farley & Williams (“WFW“) has advised Capital Stage, Germany’s largest independent solar park operator listed on the SDAX of the Deutsche Börse, on the signing of an agreement to acquire four Italian solar parks with a total capacity of 16.9 MWp in the Piedmont region (northern Italy) from an undisclosed Spanish vendor. The total investment value of the acquisition, including project debt, amounts to circa €65.4m.

Clifford Chance advises Amundi Real Estate and Ilmarinen on the acquisition of an office building in Frankfurt

24 Feb 2016

Clifford Chance advised an open fund, managed by French asset manager Amundi Real Estate, and Finnish mutual pension insurance company Ilmarinen, both of which advised by L'Etoile Properties, on the acquisition of an office building in the west of Frankfurt. The property was sold by a fund managed by JP Morgan Asset Management.

Wiersholm advised Wallenius Wilhelmsen Logistics

24 Feb 2016

Wiersholm advised Wallenius Wilhelmsen Logistics (WWL) in a transaction with simultaneous share transfers in three countries.

WWL bought out its joint venture partner Groupe CAT from their operations in USA and South Africa, simultaneously as Groupe CAT acquired Vehicle Service Europe (Germany) from WWL. Wiersholm was the global project leader for the transactions that included legal advice from Seward & Kissel in USA, Freshfields Bruckhaus Deringer in Germany and Webber Wentzel in South Africa.

LETT assists in sale of site area on former Copenhagen wholesale market site

24 Feb 2016

New urban quarter being created on former Copenhagen wholesale market site

Danish residential property developer FB Gruppen acquires a large site in Valby, Copenhagen, which currently houses the wholesale market for fruit, vegetables, flowers and plants. The acquisition includes 160,000 square metres at a value of approx DKK 600m.

CHSH advises the Metrans Group on the construction of a logistics hub in Csepel (Hungary) for the transit and handling of goods

24 Feb 2016

CHSH has advised the Metrans Group on the acquisition of three significant industrial properties as well as a small Hungarian railway company in Csepel (Hungary). Metrans, a long-term client of CHSH, is a subsidiary of Hamburger Hafen und Logistik AG (HHLA) and one of the leading providers of inter-modal logistics services in Central and Eastern Europe.

WFW advises Cerberus on the acquisition of four Spanish wind farms

23 Feb 2016

Watson Farley & Williams (“WFW”) successfully advised Cerberus Capital Management (“Cerberus”) on the acquisition of 100% of the share capital of four Spanish wind farms with an estimated enterprise value of €175m.

With an aggregated capacity of 105.8 MW, the four wind farms are Sierra Sesnández in Zamora (20 MW), Loma del Capón in Granada (30.6 MW), Magaz in Palencia (30 MW) and Cova da Serpe II in Lugo (25.2 MW). Cerberus acquired the projects from Sinia Renovables, Comsa Renovables, Esif and Renovis respectively.

Trowers & Hamlins advises 90 North Real Estate Partners on the acquisition of mixed use retail and leisure property in Crawley

23 Feb 2016

The property was acquired by a Jersey SPV with bank debt provided by Deutsche Pfandbriefbank into a Shari'ah-compliant structure.

Located in the centre of Crawley, the property was developed by Land Securities in 2014.  Anchor tenants include Morrisons and Travelodge with an average unexpired lease term of 15 years across the tenancy portfolio.

This is the second major UK acquisition which the firm has acted for 90 North this year, the other being the £23.5 million acquisition of the Riverside East office building in Sheffield.

CMS advises Luxcara on acquisition of 34.4 MWp UK photovoltaic portfolio from Conergy

23 Feb 2016

Luxcara has acquired five solar parks in the UK for its third renewable energy fund, FLAVEO Infrastructure Europe SCS, SICAV-FIS Solar and Wind. The projects have a total value of around GBP 40million (approximately EUR 52.6million). The solar power plants were constructed on brownfield sites and exhausted farmland, and benefit from a fixed feed-in tariff.