Watson, Farley & Williams (“WFW”), has advised TAG Immobilien AG (“TAG“) on the acquisition of an extensive residential real estate portfolio containing approximately 2,300 residential units, effected by share deal. The purchase price is €103 million.
Hemsö has acquired an elderly care home in Mülheim a.d. Ruhr, Germany, from a UK-based investment fund and entered into a long term lease with the home’s operator Caritasverband Stadt Duisburg e.V.
Irwin Mitchell’s Real Estate team has advised Resolution Property on its acquisition of Colston Tower, Bristol from Development Securities Ltd.
Colston Tower offers just under 89,000 sq. ft. of high quality space, 76% which is office space and 24% retail/leisure, in a prime location in Bristol overlooking Clifton, the city centre and Harbourside. Tenants include Database Group and Fusion People.
DLA Piper has advised Catella Real Estate AG (Catella) on the acquisition of a residential and commercial building in Munich. Catella acquired the property for its fund Catella MAX as part of an asset deal. This is already the twelfth property for the Catella MAX special fund, which is focused in Munich.
La Société Foncière Lyonnaise (SFL) has announced it has recently signed an agreement with Blackstone Real Estate Partners Europe III for the acquisition of an office building of approx. 25,000 sq.m., situated on a one-hectare plot on Rue Condorcet, in the 9th arrondissement of Paris.
Completion of the acquisition, representing an investment of EUR 230 million, is due to take place in December 2014.
De Gaulle Fleurance & Associés advised DHX-MEDIA, the leading Canadian producer and international distributor of Kids’ programs (“Inspector Gadget,” “Teletubbies,” “Degrassi, Next Generation,”…), and provider of TV satellite channels (including the Family Channel, Disney XD, Disney Junior) with exercising of the right of pre-emption following the acquisition of 20 co-produced Franco-Canadian animated series of the Moonscoop catalogue.
The Swedish private equity fund NIAM has purchased Lygten 37 located in the North-West district of Copenhagen from the administration company Ejendomsvisioner through the real estate company Lintrup & Norgart at an amount corresponding to DKK 90 million.
Mylan Inc. announced that it has entered into a definitive agreement with Abbott Laboratories whereby Mylan Inc. will acquire Abbott Laboratories' non US developed markets specialty and branded generics business in an all-stock transaction. Upon closing, Abbott Laboratories will receive 105 million shares of the combined company worth approximately USD 5.3 billion based on Mylan Inc.’s closing price of USD 50.20 on Friday, July 11, 2014, representing an approximately 21% ownership stake. Pestalozzi represented Mylan Inc. in the Swiss legal aspect of this transaction.
We advised Kinsale Energy on its acquisition of a majority stake of Midleton/East Kinsale gas from Lansdowne Oil and Gas. Under this agreement, Kinsale Energy will acquire an 80 per cent interest in the licence offshore Ireland, fund 100 per cent of the cost of drilling a well on the Midleton prospect and fund Lansdowne’s share of the cost of any testing programme up to $2.5 million (€2 million).
Shoosmiths has advised McKay Securities plc on the acquisition of a £8.75m mixed use leisure scheme in the heart of Woking.
Shoosmiths' Thames Valley real estate team, including partner Andrew Farmery, associate George Panteli and solicitor Nick Dalgleish, advised McKay, a real estate investment trust (REIT), on the off market freehold acquisition of The Planets, a large leisure development in Woking from St Modwen plc.