Derby Golf Club in Sinfin has been acquired by 7 Hills Leisure Trust, part of the Sheffield City Trust group.

The 7 Hills Trust has taken a 15 year lease on the municipal course, which is owned by Derby City Council, following a competitive procurement exercise. 

Following the deal, the course which was founded in 1923, will become part of the group of golf courses in Derbyshire and Sheffield managed by the Sheffield City Trust group. Other courses in the group are Beachief, Birley Wood, Tapton and Tinsley Park.

Hannes Snellman acted as counsel to Deutsche Asset & Wealth Management, acting on behalf of the German open ended real estate fund “grundbesitz europa”, in its acquisition of a prime office property located in Leppävaara, Espoo with an underlying property value of approx. EUR 70 million from Veritas Pension Insurance Company Ltd.

Our core team in Helsinki comprised Tapio Teräkivi, Antti Antikainen and Tuuli Pikkarainen.

Schoenherr advised Allianz Capital Partners (ACP) on its acquisition of four wind parks in the Austrian state of Lower Austria from ImWind, one of the country’s largest wind farm operators, with a portfolio of 320 MW in operation. ACP has entered into an agreement to acquire the four wind park projects Scharndorf III, Zistersdorf Ost, Ladendorf, and Grosskrut-Hauskirchen-Wilfersdorf, all of which are located within a 70 km radius of Vienna. The 21 turbines installed at these wind parks have a total generating capacity of 65 MW.

White & Case LLP has advised private equity firm Tengram Capital Partners on its acquisition out of a pre-bankruptcy procedure (concordato preventivo) of the business operations and intellectual property assets of Zanella Confezioni S.p.A., a leading Italian men’s apparel brand.

The White & Case team which advised on the transaction included partners Iacopo Canino (Milan) and Nazim Zilkha (New York) and associates Alessandro Seganfreddo (Milan), John Kim (New York), Sunny Kim (New York) and Silvia Totti (Milan).

A Travers Smith team led by corporate partner Ian Shawyer has advised Azzurri Group on its first acquisition since it acquired the ASK Italian and Zizzi restaurant businesses with backing from leading European private equity firm Bridgepoint at the end of 2014.

Ashurst advised Aberdeen Asset Management ("Aberdeen") on the acquisition of 392 flats with 40,000 square metres gross floor space on Ferdinand-Happ-Strasse in Frankfurt's Ostend borough. Project developer Max Baum Immobilien sold the flats before the start of construction this summer to a special fund of the British asset manager.

Mayer Brown JSM has advised Supreme Key Limited, a consortium of investors that are advised and managed by Gaw Capital Partners on the purchase of InterContinental Hong Kong (the Hotel), an iconic 5-star hotel in the Kowloon Peninsula, Hong Kong. It has also advised the Mandated Lead Arranger and Bookrunner, Union Overseas Bank on the financing of the same transaction, which is scheduled to complete in the second half of 2015.

Mayer Brown advised Universal-Investment-Gesellschaft mbH and GPEP GmbH on the acquisition of a portfolio with 10 Lidl retail properties for a special fund. The properties have a gross lettable area of around 15,000 sqm and were sold by an international investor. The purchase price was not disclosed. The retail premises are located in Germany with a focus on Bavaria and Baden-Wuerttemberg.

Dentons’ Real Estate team advised pan-European investment fund, Europa Fund IV, managed by Europa Capital, on the acquisition of Hadovka Office Park, Prague for €43 million. Hadovka is a 25,000 sq.m. office building situated in a prominent position on the Evropska corridor in Prague 6.

Slaughter and May is advising Derwent London on the acquisition of Aldgate Union, Whitechapel High Street, London E1 for £132 million.