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Asset Sale: Acquiror's Counsel

Wolf Theiss assists Revetas in the Acquisition of Project Marina in Romania

16 Nov 2018

Wolf Theiss assisted funds advised by Revetas Capital Advisors LLP ("Revetas"), a real estate investment advisor focussed on the CEE market, in the acquisition of the Landmark ("Project Marina"), a 23,500 GLA premium office complex located in Bucharest's Central Business District.

The transaction was closed end of October 2018 in Bucharest, with Revetas successfully acquiring the shares in the company which owns the office complex composed of 3 office buildings.

Clifford Chance advises Godewind and ERWE on the acquisition of Frankfurt Airport Center for around EUR 168 million

16 Nov 2018

Clifford Chance advised Godewind Immobilien AG (Godewind) and ERWE Immobilien AG (ERWE) on their respective acquisitions of 89.9% and 10.1% of the Frankfurt Airport Center (FAC) office complex under a share deal for around EUR 168 million. The property is being sold by Peakside Capital and Madison International Realty. The transaction is due to be completed by the end of the year.

DLA Piper advises KGAL Group on its acquisition of „Berliner Freiheit“ in Bremen

16 Nov 2018

DLA Piper has advised the KGAL Investment Management GmbH & Co. KG on its acquisition of shopping center and neighbourhood hub "Berliner Freiheit" in Bremen, for an undisclosed price. The "Berliner Freiheit" was sold by the Hamburg-based family-run firm which originally built the property. The property will be added to a special Europe-wide real estate AIF.

The "Berliner Freiheit" shopping center is located in the eastern district of Bremen-Vahr. The property, which was built between 2002 and 2003, comprises a total rental area of around 21,000 meters squared.

Hogan Lovells advises Grainger plc on its £345 million Rights Issue to fund the £396 million Acquisition of GRIP REIT plc

15 Nov 2018

Hogan Lovells has advised Grainger, the UK's largest listed residential landlord, on its acquisition of GRIP – the residential property joint venture between Grainger and APG.

Grainger will acquire APG's 75% stake in GRIP from APG for £396 million, subject to shareholder approval.

The team, led by London Corporate Partners Jonathan Baird and Dan Simons at Hogan Lovells advised Grainger on both the acquisition and the rights issue.

Greenberg Traurig advises Swiss Life Asset Managers on the acquisition of "Laetitia" portfolio for the new BEOS Corporate Real Estate Fund Germany IV (CREFG IV)

10 Nov 2018

Greenberg Traurig has advised Swiss Life Kapitalverwaltungsgesellschaft mbH (Swiss Life KVG), in cooperation with BEOS AG, on the purchase of "Laetitia" portfolio consisting of 32 commercial properties at locations throughout Germany. The properties form the seed portfolio of the new open-ended real estate specialty AIF's CREFG IV, which is managed by BEOS AG. The seller of the portfolio is Aurelis Real Estate. The parties have agreed not to disclose the purchase price.

Greenberg Traurig Advised Generali Real Estate on the Acquisition of an Office Building in Warsaw

10 Nov 2018

Lawyers from the Greenberg Traurig Warsaw office advised Generali Real Estate in connection with the acquisition of an office building in Warsaw from S+B Gruppe.

The Greenberg Traurig transaction team was led by Partner Radomil Charzynski, supported by Senior Associates: Anna Wisniewska and Adam Narloch along with Associates: Filip Widuch and Maxymilian Rybczynski.

The transaction was executed as a share deal. The office building located at Senatorska 18, within the Plac Teatralny area, offers over 17 000 sqm of office space.

Warburg-HIH Invest acquires freight halls in Altona from Aurelis with assistance from Heuking Kühn Lüer Wojtek

10 Nov 2018

Warburg-HIH Invest Real Estate (Warburg-HIH Invest) acquired the “Güterhallen” freight halls in Altona from Aurelis Real Estate. A team led by Dr. Sönke Görgens, Partner at Heuking Kühn Lüer Wojtek’s Hamburg office, advised the investment manager on the acquisition. The freight halls with an area of some 15,846 square meters are part of Hamburg’s “Mitte Altona” district development and are to be incorporated into an individual fund. The parties agreed not to disclose the purchase price.

Ashurst advises Tritax EuroBox on the acquisition of a logistics center in Peine

10 Nov 2018

Ashurst advised the UK-based logistics investor Tritax EuroBox plc on the acquisition of a new distribution center in Peine, near Hannover, by way of an asset and share deal. The property is Tritax' first acquisition in Germany. The purchase price was €81.6m. Seller is the project developer Dietz AG, who will keep a smaller stake in the object. Dietz acted as the asset manager for Tritax on this off-market-deal.

WBD advises Arch Insurance Europe on £31m purchase of Ardonagh commercial lines business

10 Nov 2018

Womble Bond Dickinson (WBD) has advised Arch Insurance Europe (“Arch”) on its £31m purchase of the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting (“Geo”) operating segment.

The WBD team was led by Corporate Partner Tom Fitzpatrick, with assistance from: Corporate Associate Alex Fergus; Insurance Partner Jonathan Drake; Tax Managing Associate Ronan Lowney; and Real Estate Managing Associate Paul Bramall.

Clyde & Co advises Grainger on acquisition of 108 build to rent homes in Tottenham Hale

10 Nov 2018

Global law firm Clyde & Co has advised Grainger, the UK’s largest listed residential landlord, on its acquisition of a 108 home PRS development (‘build to rent’) in Tottenham Hale, North London for approximately £41m.

The developer is Waterside Places, a Joint Venture between national development and urban regeneration specialists, Muse Developments, and the Canal & River Trust. It will develop the site and McLaren will construct the scheme, which is the first phase of a wider development that will provide over 500 canalside homes.

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