Ashurst advised Aberdeen Asset Management Deutschland AG (Aberdeen) on the acquisition of nine residential buildings in Düsseldorf's "le flair" urban quarter for one of its real estate special funds. The properties were sold by Hochtief Projektentwicklung and Interboden Innovative Lebenswelten. The parties have agreed not to disclose the purchase price.

155 apartments with around 12,300 square metres of living space are being built on lot 12 from September 2015 onwards. The three- to six-storey buildings are due for completion by mid-2017.

Clifford Chance advised Allianz Real Estate on its successful bid to acquire the Project Jewel loan portfolio from Ireland’s National Asset Management Agency ("NAMA") in a joint venture with UK listed property company Hammerson plc. at a purchase price of ca. EUR 1.85 bn.

Olswang is advising Groupe Bertrand, the majority stakeholder in Burger King France, on its exclusive negotiations with Qualium Investissement, the majority stakeholder in hamburger restaurant chain Quick and a subsidiary of French state investment fund Caisse des Dépôts, which will see Groupe Bertrand acquire Quick’s 509 restaurants.

Clifford Chance has advised the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on the acquisition of a retail building named 'Kirarito Ginza' located in Ginza, the renowned shopping and entertainment district in central of Tokyo, Japan. The property was acquired by SOFAZ for approximately JPY 50 billion from an SPC vehicle named GK John. This is SOFAZ's first real estate investment in Japan.

The Tokyo team was led by partner Eiichi Kanda, who was assisted by counsel Satoshi Nomura and senior associate Yoshiaki Shimizu. He was also supported by partner Leng-Fong Lai.

Roschier represented Nordika in the acquisition of an office complex with a total floor area of approx. 37,600 sqm in the Leppävaara district in Espoo, Finland. The office complex is known as the former headquarters of Nokia Networks.

Situated on the banks of the River Tees in North East England, the Port Clarence Energy Project has been sold to Glennmont Partners in a £160m deal. The project began two years ago and was jointly developed by Eco2 Ltd and Temporis Capital LLP.

The project will provide 40MW of renewable energy to the UK energy market through the combustion of waste wood, and will have the capacity to consume circa. 250,000 tonnes of waste wood per year.

Clifford Chance advised West Register Libori Galerie Paderborn GmbH, a subsidiary of The Royal Bank of Scotland plc. (RBS), on the sale of the Libori Galerie, Paderborn, Germany, to a subsidiary owned by CORESTATE CAPITAL Fund Management S.à r.l. by way of an asset deal.

Libori Galerie was opened in 1995 and is located in the city centre of Paderborn. It comprises of 16,000 m² retail and office space as well as 15 residential units  and a car park accommodating around 500 parking spaces.

Walder Wyss is assisting Simpson Thacher and Blackstone Group LP (NYSE: BX) with respect to the Swiss part of the announced acquisition of assets of GE Capital Real Estate in a transaction valued at approximately $23 billion globally. Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $81 billion in investor capital under management.  Blackstone’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. 

Norton Rose Fulbright has advised on the sale of the Heringsdorf Pier on the German island of Usedom. Norton Rose Fulbright’s real estate team advised Kriton Immobilien Service GmbH (Kriton), which acted as exclusive asset manager for Litos Immobilien AG (Litos) during the sale. The buyer is the fund of a large German insurance company.

Hannes Snellman acted as counsel to Niam in its acquisition of the Kaari shopping centre, the ninth largest shopping centre in Finland, and five freehold plots around the shopping centre. Additionally, the purchaser and the seller, Helsingin Osuuskauppa Elanto, agreed on long term leases of the seller's current premises in the shopping centre.

The transaction is the first 100% sale and purchase of a major shopping centre in Helsinki since 2008.

Our core team in Helsinki comprised of Juha Lindström, Karoliina Koto and Katja Heikkinen.