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Asset Sale: Acquiror's Counsel

Ashurst advises GA Group on acquisition of boutique hotel in Sydney

12 Dec 2018

International law firm Ashurst has advised Crystalbrook Collection Hotels and Resorts (Crystalbrook), the leisure and accommodation arm of GA Group Australia, on the acquisition of the Little Albion boutique hotel in Sydney's Surry Hills suburb.

The Little Albion boutique hotel is one of Australia’s newest boutique hotels, developed and designed by Paul Fischmann, founder and owner of 8Hotels. The 35-room hotel is in a heritage building constructed in 1903 as a school convent which has been transformed into a modern guest house, merging old and new.

WFW advises MPCC on major scrubber acquisition order

07 Dec 2018

Watson Farley & Williams (“WFW”) advised MPC Container Ships ASA (“MPCC“) on its acquisition of exhaust gas cleaning systems, also known as scrubbers, to be retrofitted on selected vessels in its fleet prior to 1 January 2020 when the IMO’s new 2020 rules come into force. The deal, which will be financed with cash and available debt capacity on MPCC’s fleet, includes ten firm orders and options to purchase scrubber kits for 45 other vessels and allows for further installations in both 2019 and early 2020.

DLA Piper advises H.I.G. Capital on the acquisition of BollAnts Spa in Bad Sobernheim

06 Dec 2018

DLA Piper has advised US asset manager H.I.G. Capital on its acquisition of the BollAnts Spa im Park in Bad Sobernheim, in the federal state of Rhineland Palatinate, completed with Hamilton Hotel Investors. The two parties involved have agreed the purchase price will remain undisclosed.

The property is the only four-star luxury hotel in the Nahe region, and comprises of more than 105 rooms in addition to a 3,500-square-metre health and beauty area. It will be operated by Hamilton Hotel Partners, a subsidiary of Hamilton Hotel Investors.

Baker McKenzie advises Invesco Real Estate on the acquisition of the “Capital 8” building from Unibail

05 Dec 2018

Baker McKenzie has assisted Invesco Real Estate, the global real estate investment manager, in the structuring and financing of the acquisition of the Paris-based “Capital 8” building sold by Unibail-Rodamco-Westfield.

Through this acquisition – the largest ever made by Invesco Real Estate in Europe – the global manager has acquired an office complex ideally situated in the 8th arrondissement with a total surface area of 45,000 m², which also offers a wide range of services (restaurants, conference rooms, etc.).

WBD advises Linden Homes on two new land acquisitions

04 Dec 2018

WBD has advised housebuilder Linden Homes who is set to build hundreds of new homes in North, South and East Yorkshire; on two major land acquisitions. Linden Homes recently announced the new site purchases through its Linden Homes East Yorkshire's land division.

The WBD team, led by Managing Associate Patrick Jackson, advised on two new site purchases including the land at Malton in Ryedale, North Yorkshire; to deliver an additional 140 plots as a continuation to Linden Homes' Copperfields development. The site will deliver a range of two, three and four-bedroom homes.

Gide, counsel to Oxford Properties Group on the acquisition of 273 rue Saint Honoré, Paris

03 Dec 2018

Gide has advised Oxford Properties Group, the real estate branch of Canadian company OMERS, on the acquisition from Olayan Group of 273 rue Saint Honoré in central Paris.

273 rue Saint Honoré is a luxury retail, exhibition and office asset covering approximately 1,430 sq.m., currently fully leased to the Italian luxury brand Valentino.

DLA Piper advises Russia's Transmashholding on the acquisition of a rail manufacturing facility in South Africa

01 Dec 2018

DLA Piper has advised TMH Africa on the acquisition of a 45,000 sq.m. DCD Rolling Stock manufacturing facility in Boksburg, South Africa from DCD Group.

TMH Africa is a subsidiary of Transmashholding, the largest manufacturer of rolling stock in Russia and it is 30 percent owned by the Black Economic Empowerment Partner, MJISA.

Eversheds Sutherland advises on Europe’s largest single site onshore wind farm

01 Dec 2018

Assisting valued client CGN Europe Energy with its European renewable assets strategy

Eversheds Sutherland has advised longstanding client China General Nuclear European Energy (CGN Europe Energy) on its acquisition of a 75% stake in the 650MW Markbygden project in Sweden from GE Capital (GE) and Green Investment Group (GIG) part of Macquarie Group.