Resource

 

 

 

 

 

 

 

 

 

 

 

Asset Sale: Acquiror's Counsel

Ashurst is advising Liberty House in relation to its acquisition of four European steel plants from ArcelorMittal

18 Oct 2018

Ashurst is advising Liberty House, part of Sanjeev Gupta's GFG Alliance, in relation to its acquisition of four European steel plants, in Romania, the Czech Republic, Macedonia and Italy, from ArcelorMittal.

The deal represents a landmark transaction for Liberty House, which will almost double the size of Liberty's workforce and global production capacity, giving it a strong presence in the heart of Europe’s key manufacturing regions. The deal is subject to various conditions, including the approval of the European Commission.

KWM advises SCP on acquisition of ten shopping centres across the country

18 Oct 2018

King & Wood Mallesons (KWM) have advised ASX-listed SCA Property Group (SCP) on the acquisition of ten shopping centres across Australia, including a $262.4m fully underwritten institutional placement.

The acquisition takes SCP’s portfolio to more than $3.1 billion, making it the largest convenience-based retail specialist in Australia.

Wolf Theiss advises Supernova on the Acquisition of 10 shopping centres in Slovenia

17 Oct 2018

Supernova Invest GmbH acquires ten shopping centres in Slovenia from food retail chain Mercator with a rentable area of around 100,000 square metres. The property developer Supernova relied on the legal advice of Wolf Theiss for this acquisition, including due diligence and contract negotiations. Signing of the transaction took place on 12 October 2018; its deal value amounts to EUR 116.6 million.

Ashurst advises Warburg-HIH Invest on the acquisition of 53,778 square meters of office space in Frankfurt's Europaviertel quarter

17 Oct 2018

Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of the DB Brick and DB Tower buildings located within the Europaviertel quarter in Frankfurt by way of a forward deal. The seller is the developer Aurelis.

The office space of both properties amounts to 53,778 square meters and is let to Deutsche Bahn for 20 years. The relocation is scheduled for the end of 2020. The parties agreed not to disclose the purchase price. The works for the DB Tower with a planned height of 60 meters and the DB Brick building have already begun.

Slaughter and May is advising Drax Group plc (Drax) on the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation assets

17 Oct 2018

Slaughter and May is advising Drax Group plc (Drax) on the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation assets from Scottish Power Generation Holdings Limited, a wholly-owned subsidiary of Iberdrola S.A.  The purchase price is £702 million, subject to customary adjustments.

Gide advises CDC Habitat on acquiring in consortium 80% of Foncière Vesta

16 Oct 2018

Ampère Gestion, a subsidiary of CDC Habitat, and Swiss Life Asset Managers, Real Estate France, acting on behalf of five institutional investors, have announced an agreement to acquire 80% of Foncière Vesta from ICF Novedis, an SNCF subsidiary. Foncière Vesta owns a portfolio of 4,000 housing units that give priority to SNCF employees.

This is the most significant operation in 2018 in terms of volume on the residential segment of the property asset class.

Freshfields advises Pandox on its acquisition of The Midland Hotel in Manchester

16 Oct 2018

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Swedish hotelier Pandox AB (‘Pandox’) on its acquisition of The Midland Hotel, Manchester, in a transaction valued at approximately £115 million.

The deal will involve the sale of The Midland’s trade and business assets to Pandox’s hotel operating partner, the Fattal Hotels Group (‘Fattal’), while Pandox will retain the freehold interest in The Midland Hotel property.

Freshfields advises B&B Hotels on the acquisition of operations of nine hotels from Covivio

16 Oct 2018

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the French budget hotel group B&B Hotels on the acquisition of the operating business of nine hotels in Germany from Covivio.

Covivio is one of the largest real estate enterprises in Europe and part of the Foncière des Régions group. The hotels were previously operated as Première Classe hotels and are located in Berlin, Düsseldorf, Frankfurt Offenbach, Hannover, Kassel, Cologne, Schweinfurt and Munich.

Greenberg Traurig advised CA Immo on the acquisition of Warsaw Spire Building C

15 Oct 2018

Lawyers from the Greenberg Traurig Warsaw office advised CA Immo in connection with the acquisition of Warsaw Spire Building C for ca. EUR 100 million.

The transaction was carried out as a share deal.

The Greenberg Traurig transaction team was led by Partner Radomil Charzynski, supported by Associates: Kamil Majewski, Michal Niecko, Samanta Wenda-Uszynska, Karolina Woronko, Oliwia Hutnik, and Filip Widuch. Senior Associate Pawel Jaskiewicz was responsible for all financing aspects of the transaction.

McCann FitzGerald advises Apollo Global Management LLC on the Irish Aspects of its Acquisition of $1 Billion Portfolio of Equity Investments from GE Capital’s Energy Financial Services

15 Oct 2018

McCann FitzGerald has advised Apollo Global Management LLC, a leading global alternative investment manager, on the Irish aspects of its acquisition, through funds managed by affiliates of Apollo, of an approximately $1 billion portfolio, including assumed obligations, of predominantly equity investments in energy assets from GE Capital’s Energy Financial Services Unit.

Subscribe to Asset Sale: Acquiror's Counsel