Freshfields Bruckhaus Deringer has advised Almacantar on the forward purchase of two significant office developments at One and Two Southbank Place from Braeburn Estates, a joint venture between Canary Wharf and Qatari Diar.
The transaction at over £550 million is the largest property deal ever completed on London’s South Bank.
Mayer Brown advised Värde Partners on the acquisition of twelve retail and specialty shopping centers. The properties were sold by British investment fund Sterling Developments. The retail and specialty shopping centers are located in different cities in Germany. The purchase price was not disclosed. Värde Partners is a USD 10 bn global alternative investment firm.
Mayer Brown has advised Värde Partners in both the US and Europe on numerous transactions, most recently by our London colleagues on the acquisition of Bizspace Group (see news release).
Schoenherr advised Rohrdorfer group on its acquisition of CEMEX's operations in Austria and Hungary for approx. EUR 160 mn. A sale and purchase agreement was signed on 11 August 2015. The closing of the transaction is expected during the fourth quarter of 2015 and is subject to the satisfaction of standard conditions for this type of transaction, including merger clearance.
Freshfields Bruckhaus Deringer has advised Ares Management Real Estate on its definitive agreement to acquire a 240,000 square-meter office portfolio from IVG Institutional Funds.
The portfolio consists of 30 properties located across six European countries, including the UK, France, the Netherlands, Belgium, Finland and Spain. The portfolio was valued at more than €400m.
Ares Management is a global alternative asset manager with approximately $88bn of assets under management, with more than 15 offices in the United States, Europe and Asia.
King & Wood Mallesons has advised Hanson Construction Materials on its $203 million acquisition of Fletcher Building’s Rocla Quarry Products business.
Rocla Quarry Products operates 12 significant sand quarries in the metropolitan areas of Perth, Adelaide, Melbourne and Sydney, in addition to a number of smaller sites and greenfield reserves across Australia. In addition Rocla has a 50% interest in joint venture operations at Mt Marrow (QLD), Mittagong (NSW) and Cowra (NSW).
Cadwalader, Wickersham & Taft LLP has advised New Century Asset Management Limited, manager of the Hong Kong-listed New Century Real Estate Investment Trust (New Century REIT), on an approximately RMB380 million (US$59 million) acquisition of New Century Grand Hotel Kaifeng in China. The transaction was completed on July 31, 2015.
King & Wood Mallesons (“KWM”) advised the A-share listed company Guangzhou Canudilo Fashion & Accessories Co., Ltd. (“CANUDILO”, stock code: 002656) on its successful acquisition of 51% equity interest in the Italian company Levitas S.p.A (“LEVITAS”) in July 2015 for Euro 40.68 million.
Clifford Chance has advised the joint venture between Helical Bar plc and funds managed by The Baupost Group LLC on the sale of their jointly owned company that owns One Bartholomew Close, London EC1, to clients of Ashby Capital LLP (“Ashby”) for £102.4 million.
Allianz Capital Partners has acquired the Mombyåsen wind park in the municipality of Sandviken from Arise Wind Farm 11 AB. The wind park will comprise 10 Vestas V126-3.3 MW turbines with a total height of maximum 190 metres per turbine. Sveaskog is the owner of the land where the wind park is built.
King & Wood Mallesons has harnessed its global capability, bringing together teams in London and Hong Kong to advise Chinese travel group HK CTS Metropark Hotels Co Ltd (CTS) on the acquisition of the entire issued share capital of UK based Kew Green Hotels from previous owners Goldman Sachs and TPG Special Situations Partners.