A team led by capital markets law expert Dr. Thorsten Kuthe, partner at the commercial law firm Heuking Kühn Lüer Wojtek’s Cologne office, comprehensively advised 7C Solarparken AG on the acquisition by way of an in-kind capital increase of six photovoltaic plants in Rhineland-Palatinate and Bavaria from a Luxembourg-registered solar fund controlled by a British investor.
National legal business DWF advised an investment vehicle affiliated with global real estate investment firm Colony Capital,Inc. (“Colony”) on its £311 million purchase of the Gemini property portfolio.
Real estate partner Lorraine Reader with support from the national team, in particular Geoff Stansfield and Greg Peebles in Scotland, advised Colony on the acquisition. The deal comprises 24 assets, including Renfrew Retail Park in Glasgow, Martineau Place in Birmingham, Regus House, Uxbridge and The Grange in Cheltenham.
Kungsleden AB (publ) has acquired properties in two Stockholm city districts for SEK 3 billion creating a new city cluster with a total leasable area of 96,000 square metres. The four properties acquired from Djurgårdsstadens Fastigheter AB are located in Gärdet-Frihamnen and Hammarby Sjöstad, both districts within the Stockholm inner city borders. Current major tenants include the Swedish Customs, the Swedish Fortifications Agency, Biz Apartment, Axfood and Procter & Gamble.
Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of the office property "East Side Office" in Berlin as part of an individual fund mandate. The parties agreed not to disclose the purchase price.
A former and well-known bistro in York has been acquired by The Leeds Brewery Company in a deal which will see the fast growing business open its second venue in York and it seventh pub within the region.
Established as a restaurant in 1977, Plunkets has been a popular destination within York city centre and was famed for attracting celebrities, including the Rolling Stones who scribbled their signatures on the wall on the top floor.
Linklaters has advised a fund and clients instructed by Meyer Bergman, the pan-European real estate investment manager, on the sale of fourteen sites development sites held by Tesco. The transaction, worth £250 million, is for sites suitable for mixed use and residential property.
Tesco and Meyer Bergman have already reached completion on eleven sites.
Markus Meijer, CEO at Meyer Bergman, said:
A team led by Dr. Mathias Schröder, Partner at the law firm Heuking Kühn Lüer Wojtek’s Munich office, advised incadea GmbH on the acquisition of a division of Beri Italia S.r.l. The transaction was closed as an asset deal, in which Austrian incadea GmbH acquired a DMS division of the Italian software enterprise. The transaction was concluded jointly with the Italian WSG partner firm Gianni, Origoni, Grippo, Cappelli & Partners.
The Liverpool office of international law firm, Hill Dickinson has advised The Conygar Investment Company PLC on the acquisition of two development sites in Wales.
The property investment and development group has acquired the freehold of the former Shell Storage Facility site near Rhosgoch, Anglesey for a consideration of £3 million.
The 203 acre brown field site is located approximately 3 miles from Amlwch Port and 6.5 miles from the site of the existing and proposed Wylfa Nuclear Power Station.
Herbert Smith Freehills has advised Wingate Asset Management (Wingate) on the acquisition of a 75% stake in a A$70 million retail development in Byron Bay, a popular tourism destination on the New South Wales coast.
Construction of the Mercato on Byron Shopping Centre is set to begin early next year, with Woolworths and Palace Cinemas anchor tenants. The development aims to achieve a 5 Star Green Star rating, making it the most environmentally friendly shopping development in regional NSW.
De Gaulle Fleurance & Associés (Jean-Christophe Amy and Nicolas Chazarain) advises Direct Energie in the context of the acquisition of a gas combined-cycle thermal power plant with a 408 MW production capacity located in the Allier region (center of France) from the Swiss energeticist, Alpiq AG. With this acquisition and subject to the fulfilment of the condition precedents, Direct Energie equips itself with a first power generation park.