Warsaw--Dentons' Real Estate team in Warsaw has advised Atrium European Real Estate on the acquisition of the Wars Sawa Junior department store complex in Warsaw from PFCEE, a fund managed by CBRE Global Investors. The transaction value was EU301.5 million.
Stuttgart – Listed Belgian real estate company Cofinimmo SA is expanding its portfolio of healthcare properties in Germany. The group has signed an agreement to acquire a psychiatric clinic currently under construction, subject to conditions precedent. The new clinic in Kaarst near Düsseldorf (North Rhine-Westphalia) will specialise in the treatment of depression and burnout. Handover and transfer of ownership of the property is scheduled for spring 2020. A long-term lease for the property was agreed with Oberberg GmbH as part of the transaction.
A team led by Düsseldorf-based Partner Dr. Michael Alberts advised two Swiss stock corporations on behalf of Swiss-based Procimmo AG on the acquisition of a site in Hanau where several building halls with a special real estate concept for “light industrial” are to be developed.
The modular concept allows for flexible division and use of the individual building parts that is novel in Germany. The investor group of which the buyer companies are part has already implemented this concept very successfully at a number of locations in Switzerland.
International law firm CMS has advised Bank of London and The Middle East (BLME) and their investors, on the £55m Shariah compliant acquisition of 1 Atlantic Quay in Glasgow, in partnership with Darin Partners. Located in the heart of Glasgow’s financial district, Atlantic Quay 1 is a recently refurbished Grade A prime office investment extending to 121,737 sq ft.
Lawyers from Greenberg Traurig's Warsaw office advised KGAL Investment Management in connection with the acquisition of Spark C, a 10-story office building located in Warsaw's Wola district.
The Greenberg Traurig transaction team was led by Partner Radomil Charzynski and supported by associates Kamil Majewski and Karol Lewandowski. Partner Marek Kozaczuk, together with senior associates Wojciech Ostapowicz and Maciej Kacymirow, were responsible for the tax aspects of the transaction.
A team led by Dr. Peter Zimmermann advised 6B47 Germany GmbH on the acquisition of a high-rise construction site of about 2,800 square meters in Offenbach Harbor. The company plans to erect an office building with a height of up to 70 meters referred to as the “Mainhafentower” on the eastern edge of the Offenbach Harbor development.
Real estate investment company TH Real Estate, acting on behalf of Chop (Cityhold Office Partnership), has acquired off-plan 28,262 sq.m. of office space in the Morland Mixité Capitale Parisian urban innovative development, located in the heart of Paris, from Société Parisienne du Nouvel Arsenal, represented by Emerige.
Global law firm Norton Rose Fulbright has advised supply-chain logistics company Linfox, on the acquisition of Aurizon’s Queensland intermodal business (QIB). The deal will see Linfox take control of Aurizon’s intermodal operations in Queensland including its freight forwarding and pick-up-and-delivery assets, rail wagons, customer contracts, employees and access to terminals including Acacia Ridge.
The transaction is conditional on the Federal Court lifting an injunction that requires Aurizon to continue operating QIB.
International law firm Ashurst has advised Oxford Properties Group ('Oxford') on its A$3.35 billion acquisition of 100% of the units in Investa Office Fund ('IOF').
Oxford and Investa Listed Funds Management Limited ('ILFML'), as responsible entity of IOF, have entered into a scheme implementation agreement in relation to a trust scheme pursuant to which Oxford will acquire 100% of the units in IOF for cash consideration of A$5.60 per unit.
DLA Piper (Canada) LLP, in conjunction with DLA Piper LLP (US), acted as lead counsel for Pinnacle Renewable Holdings Inc. (“Pinnacle”) in the acquisition of a 70% interest in an operating industrial wood pellet production facility located in Aliceville, Alabama (the “Aliceville Facility”) from The Westervelt Company (“Westervelt”) for approximately US$37.1 million.