GSK provided comprehensive advice to the listed company DEMIRE Deutsche Mittelstand Real Estate AG Frankfurt/M. in connection with the purchase of a commercial real estate portfolio (comprising 107 properties) as a share deal.
Mayer Brown has advised Taikang Life Insurance Company on the purchase of Milton Gate. It is the first investment in the UK real estate market for the Chinese life insurance firm.
Taikang Life acquired the prime 201,666 sq ft of office space located at 60 Chiswell Street, from AGC Equity Partners and is fully let to law firm Addleshaw Goddard.
Olswang has advised real estate developer Mitsubishi Estate on the acquisition of an office building located in Paris (46 rue la Boétie) from one of Invesco Real Estate's funds.
The building is the former headquarters of French daily newspaper Les Echos. With a rental space of approximately 2,400 sqm, it is currently leased to six tenants, among which Allianz Real Estate, The Financial Times and Optimind.
This transaction represents the first real estate investment of Mitsubishi Estate in France.
Ashurst advised Samsung SRA Asset Management ("Samsung SRA") on the acquisition of the 'Silberturm', or Silver Tower, in Frankfurt. Samsung SRA acted, similar to a KVG special fund (Kapitalverwaltungsgesellschaft, capital management company) for various South-Korean institutional investors. The 166-metre-high property was essentially sold by eight special funds managed by IVG Institutional Funds for an undisclosed consideration.
Clifford Chance has advised BNP Paribas REIM Germany on its acquisition of the Art Déco Palais in Munich’s Arnulfstrasse for one of its real estate special funds.
Herbert Smith Freehills has advised Federation Centres (FDC) on its A$74 million purchase of Currambine Central shopping centre in Western Australia. The convenience shopping centre is located 30 kilometres to the north of Perth in Currambine and includes a Woolworths supermarket, a Dan Murphy’s liquor store, a Grand Cinemas complex and 44 specialty retailers.
Travers Smith led by corporate partner William Howard has advised Milestone Investisseurs (“Milestone”), a Luxembourg based private equity firm on the acquisition of three leading French household brands, Maison Verte, O’Cédar and Baranne from multinational consumer goods company, Reckitt-Benckiser.
Baranne (shoe care), O’Cédar (wood care) and Maison Verte (environmentally friendly laundry care) are iconic French brands each with a strong presence in their respective markets.
Part of WP Eglin Ltd, a West Yorkshire contract furniture business which has traded since 1880, has been sold out of administration in a deal negotiated by joint administrators from Begbies Traynor and advised on by Irwin Mitchell.
Based in Sowerby Bridge, the company was established as a contract furniture manufacturer, however, over recent years it has developed a strong brand recognition as a designer and manufacturer of mass and lounge seating for airports and other transport terminus, carrying out installations around the world.
Hannes Snellman advised eQ Finnish Real Estate, a real estate fund launched by eQ Asset Management Ltd on 31 December 2014, in the fund’s first acquisitions of two properties with an aggregate value of 23 million euros from VR Pension Fund and Etera Mutual Pension Insurance Company.
Our core team comprised Tapio Teräkivi, Antti Antikainen and Karoliina Koto.
White & Case LLP has advised DX (Group) plc, a leading independent logistics and parcel distribution company in the UK and Ireland, on its agreement to acquire assets from City Link.
The acquisition includes cages, scanners and certain intellectual property for which DX has reached an agreement with EY, the administrators of City Link, to pay £1.125 million.
White & Case previously advised DX on its initial public offering and admission to the AIM market of the London Stock Exchange.