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Asset Sale: Acquiror's Counsel

Osborne Clarke advises Ruhrdeichgruppe on take-over of six authorized Opel car dealers

22 Sep 2014

The company has acquired all six authorized dealerships for Opel of the Dinnebier Group in the western part of Northrhine-Westphalia (Ruhrgebiet), organized in the Automobiles Centrum Dinnebier GmbH. Three dealerships are located in Duisburg, further three in Kamp-Lintfort, Moers and Krefeld respectively. Two locations also have trade contracts with KIA that will be continued.

With the acquisition, Ruhrdeichgruppe further expands its brand portfolio; the group also sells Kia, Citroen and Peugeot cars.

DLA Piper acts for Scottish Police Authority in acquisition of new £4.5m west of Scotland site

22 Sep 2014

DLA Piper has assisted Police Scotland in the relocation of its Pitt Street operations in Glasgow to a new purpose built site early next year, following the Scottish Police Authority (SPA)’s acquisition of premises at the Clyde Gateway in Dalmarnock.

The move will see up to 1100 officers and staff from the current Pitt Street base relocated to the new Riverside East office, which has been specifically designed to meet the needs of Police Scotland.

White & Case Advises Prologis on Multi-Jursidisdictional Property Acquisition

16 Sep 2014

Prague - White & Case LLP has advised industrial real estate company Prologis on the acquisition of an international property portfolio.

Prologis has acquired three logistics parks located in the Czech Republic, Slovakia and Poland. The parks, encompassing 23 Class-A distribution centers totalling 230,000 sqm of leasable space, are located along key regional transport routes.

Mayer Brown advises Tristan Capital Partners on circa £153 million Project Tree portfolio purchase

15 Sep 2014

Mayer Brown has advised Tristan Capital Partners, a London-based real estate investment management company, on the purchase of the Project Tree portfolio for circa £153 million through its European Property Investors Special Opportunities 3 fund (EPISO 3).

Project Tree portfolio is comprised of 140+ retail units with a mixture of high street shops, convenience parades and centres as well as some secondary quality offices, industrial assets and around 250 apartments.

The assets were brought to the market in April by receivers at KPMG.

CMS advised Asbud on Karolkowa Business Park acquisition

11 Sep 2014

The transaction involved a class A office building located at ul. Karolkowa 30 in Warsaw (next to a new underground station at Rondo Daszynskiego), with a total net lettable office, retail and service area of approximately 17,852 square metres. The project has been developed in line with the rules of sustainable development and meets BREEAM certification requirements. The opening is scheduled for January 2015. Asbud, which has held half the shares, has taken over the remaining 50 percent from CPI (formerly the Ablon Group) becoming the sole owner of the Karolkowa Business Park.

Hogan Lovells Advises M&G Real Estate on £140M Acquisition

11 Sep 2014

Hogan Lovells has advised long-term client M&G Real Estate on the £140m acquisition of Two Snowhill, a 319,000 sq. ft office and retail scheme in the core of Birmingham's prime office district.

The 14-storey tower is home to law firm Wragge Lawrence Graham & Co. and serviced office company i2 Office; and will also house 1,500 HS2 staff set to be based in the city from 2016.

The strategic acquisition by M&G is in response to an increasing shortage of Grade 'A' office space in Birmingham, and the resulting prime rents.

Orrick Advises Valad Europe on Logistics Asset Acquisition

11 Sep 2014

Orrick, Herrington & Sutcliffe LLP has advised Valad Europe, a leading independent diversified real estate investment manager, on its acquisition of a logistics asset in Thuringia, Germany, for €23 million. The investment was made on behalf of its Valad European Diversified Fund (VEDF) which invests in office, retail and logistics assets across Germany, France and the UK.

The 36,300 sq m logistics building, Holzlandstrasse 1, Reichenbach, is leased until 2023 to Metro Logistics Germany GmbH, the logistics division of Metro Group.

Shoosmiths acts for Chord on entire life-cycle of Jewellery Quarter project

10 Sep 2014

Shoosmiths has worked with long-standing client Chord Investments Ltd to complete work on the sale, lease-back and refinancing of a large mixed-use scheme in Birmingham's Jewellery Quarter.

The scheme, St Paul's Place, combines 148 apartments and a substantial commercial office space off St Paul's Square.

Shoosmiths has acted for the developer, Chord, throughout the life-cycle of the project; advising initially on the site acquisition then development, funding, management and lettings.

Mayer Brown advises BENTELER on the acquisition of two WILCO Wilken Lasertechnik sites

10 Sep 2014

Mayer Brown advised the BENTELER group on the acquisition of two sites of the insolvent WILCO Wilken Lasertechnik GmbH & Co. KG.

WILCO Wilken is a company in the laser cutting and erosion technology business. WILCO Wilken´s clients include in particular companies from the automobile and automobile supplier industry. Founded in 1979, the company was active on five sites before the transaction.