Trowers & Hamlins is pleased to have advised specialist behavioural health service provider Cambian Group on its recent acquisition of a specialist care facility in Mastin Moor, Derbyshire.
The clinic provides specialist care for 28 adults with personality disorders and complex mental health needs. The facility will now operate under the name Cambian Acer Clinic.
Herbert Smith Freehills has advised Denmark's Copenhagen Infrastructure Partners on its investment of £160 million in the acquisition and development of the biomass-fired power plant project “Brite” on behalf of the Copenhagen Infrastructure II fund (CII). CII is a Danish private equity fund dedicated to energy and infrastructure assets with DKK 8 billion (€1,05 billion) to invest at present. The fund is open for additional commitments until end of Q1 2015 and is expected to reach a total commitment of DKK 10-12bn/EUR 1.3-1.6bn.
Eversheds has advised Legal & General Capital (LGC) on the purchase of a 50% interest in The Peel Group’s MediaCityUK scheme at Salford Quays, Manchester, which is currently valued at £503 million.
MediaCityUK is the largest purpose-built creative, digital and technology community in Europe, and the UK’s first media campus. Home to BBC, ITV and the University of Salford, MediaCityUK aims to be a broadcasting hub that enables businesses to operate across all media sectors.
Trowers & Hamlins is pleased to have advised existing clients Apache Capital Partners (Apache Capital), the London and Gulf-based real estate investment management firm, and Tadhamon Capital (Tadhamon), the Bahrain-based Islamic investment company, on the two investors' latest student accommodation deals in London.
Osborne Clarke has advised Wirecard AG on the takeover of the acquiring portfolio of Lufthansa AirPlus Servicekarten GmbH. Wirecard and Lufthansa AirPlus Servicekarten concluded an agreement on the takeover of substantial customer contracts for the credit card acceptance as well as further selected assets, which also includes brokerage agreements and network provider agreements. The purchase price amounts to EUR 13 million plus earn out compounds from 2015 and 2016 which can amount up to EUR 1 million in total.
Nabarro has advised Canada Pension Plan Investment Board (CPPIB) on the acquisition of the U.K. student accommodation portfolio operating under the Liberty Living brand from the Brandeaux Student Accommodation Fund. The total consideration paid for the portfolio and management platform was approximately £1.1 billion. As part of the transaction, CPPIB has acquired 100% of the Liberty Living management platform, Liberty Living Management Two Ltd, and will create a single, integrated company under the Liberty Living brand.
Addleshaw Goddard's Real Estate and Construction teams have advised leading London developer Mount Anvil on its acquisition of Keybridge House in Vauxhall for £92.5 million, in a joint venture with A2Dominion.
Formerly the site of the world's largest digital international telephone exchange, the site was acquired from BT Group and has planning consent for over 400 new homes and 3,500 sq m of new commercial and retail space. Once built it will include the UK's tallest residential brick tower, at 129 meters high.
Byggvesta acquires land in Flemingsberg from Akademiska Hus. The plan is to create 450 students and researchers apartments.
Byggvesta was represented by Setterwalls, the team consisted i.a. of responsible partner Assur Badur, project manager Malin Löveborg and associate Nicole Hervidsson.
Roschier represented Union Investment Real Estate in the acquisition of the prestigious EY Headquarter in the Helsinki CBD for some EUR 93.3 million. Union Investment acquired the 10.888 m2 office building from Etera Mutual Pension Insurance Company. The building is 70 percent let to E&Y.
The LEED “Gold” certified 6-storey building, completed in May 2014, is the latest of four office projects in the submarket of Töölönlahti.
Eversheds has advised investment firm LetterOne on three transactions, acquiring ten student accommodation properties with over 3,300 beds.
In the first transaction, LetterOne acquired Pure Student Living from The Carlyle Group. The purpose built student accommodation comprises 2,170 rooms across five central London sites. Four of the assets, which are fully operational, are located at Highbury, Hammersmith, Bankside and in the City. The fifth facility at Whitechapel, will deliver a further 417 rooms when it completes in August 2015.