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Asset Sale: Acquiror's Counsel

CHSH advised KGAL on its successful acquisition of the shopping centre EO Oberwart

03 Nov 2014

The Real Estate & Construction team at CHSH led by Partner Manfred Ton provided legal advice to the KGAL Group, one of the largest German asset managers, regarding its acquisition of the eo Oberwart shopping centre in southern Burgenland.

"We're pleased that KGAL's acquisition of the eo Oberwart shopping centre is now the fourth project where it has relied upon the expertise of CHSH", said Manfred Ton.

In addition to Manfred Ton and Mark Krenn, the team at CHSH also consisted of Matthias Nödl, Stefan Huber, Bernhard Kofler-Senoner and Nikolay Yanev.

DDR and Blackstone complete joint venture acquiring 71 shopping centers for $1.93 billion

02 Nov 2014

Jones Day advised DDR Corp. in the formation and closing of a joint venture with an affiliate of Blackstone Real Estate Partners VII, to acquire 71 shopping centers owned by American Realty Capital Properties in a transaction valued at $1.93 billion, including assumed debt of $437 million and approximately $800 million of new financings.

BLP advises Amber Infrastructure on UK’s largest roof mounted solar panel project

31 Oct 2014

Berwin Leighton Paisner (BLP) is advising Amber Infrastructure Group (Amber), a leading international infrastructure specialist providing asset management and investment advisory services, on the installation of the UK’s largest roof mounted solar panel array.

An industry leading project in terms of scale, the 24,272 PV panel structure is being installed on Marks and Spencer plc (M&S) East Midlands Distribution Centre and spans the site’s 900,000 sq ft roof.

Mayer Brown advises Ho Bee Land Limited on its £43.9 million purchase of 60/62 St Martin's Lane, London

31 Oct 2014

Mayer Brown has advised Ho Bee Land Limited, through its wholly owned subsidiary HB St Martins Pte. Ltd. (“HBSM”), on the purchase of 60/62 St Martin’s Lane, London for £43.9 million.

Ho Bee Land Limited, a Singapore-based real estate development and investment company, acquired the prime trophy office and retail building, located in the heart of Covent Garden, from St Martin’s Property Limited.

Mayer Brown has previously assisted Ho Bee Land Limited on its purchase of Rose Court for £67.2 million in 2013.

Ashurst advises KKR on the acquisition of Pont-sur-Sambre Power and Toul Power

30 Oct 2014

Ashurst advised the credit business of Kohlberg Kravis Roberts & Co L.P. ('KKR') on the acquisition of the entire share capital and voting rights of  Pont-sur-Sambre Power and Toul Power, two combined cycle gas turbine power plants in France, from Verbund AG, a power transmission and trading company.

The transaction is subject to regulatory approval.

Freshfields advises Kurita Water Industries on US$317m acquisition of ICL assets

30 Oct 2014

Freshfields Bruckhaus Deringer has advised TSE listed water treatment company Kurita Water Industries (Kurita) on its acquisition of water treatment and chemical production businesses from NYSE listed industrial, Israel Chemicals Limited.

The assets, based in Germany, China, France, Italy, Israel and Sweden have been acquired for €250m (US$317m) in a deal that was signed on 27 October 2014.

Kurita is Japan’s leading water treatment company in the industrial field, and the transaction will see their position further enhanced in the European market.

Acquisition of The Castleton Hotel for established Malaysian client Berjaya Land Berhad

29 Oct 2014

Trowers & Hamlins has acted for established client Berjaya Land Berhad on the successful acquisition of The Castleton Hotel, Paddington, London by its subsidiaries Berjaya Vacation Club (UK) Limited and BHR (Cayman) Limited for circa £10 million.

The acquisition involved the purchase of the hotel and assets from the property-owning seller, together with the business and trade from the business-owning seller. The Castleton is now the second hotel in Berjaya's UK hotel portfolio, which already included the Eden Park Hotel in Bayswater.