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Asset Sale: Acquiror's Counsel

Dentons advises Johanniter on the acquisition of Evangelisches Krankenhaus Bethesda in Mönchengladbach

15 Jan 2014

Dentons’ Berlin office has advised Johanniter GmbH on the acquisition of Evangelisches Krankenhaus Bethesda Mönchengladbach gGmbH in Germany. Up until now, the hospital was led by three evangelic congregations in Mönchengladbach as shareholders. The share purchase agreement has been entered into on December 18, 2013. Closing of the transaction will require the fulfillment of several conditions, including the approval of the Federal Cartel Office, and will probably occur within the next weeks.

Hogan Lovells Represents GE in Acquisition of Strategic Assets from Thermo Fisher Scientific

14 Jan 2014

Hogan Lovells represented GE Healthcare in connection with its agreement to acquire Thermo Fisher Scientific’s HyClone cell culture media and sera, gene modulation and magnetic beads businesses for approximately US$1.06 billion. The businesses will become part of GE Healthcare's Life Sciences division. The deal was announced on 6 January, 2014.

Ashurst advises Warburg - Henderson on the acquisition of the office and commercial building "Schillerhaus" in Frankfurt

13 Jan 2014

Ashurst advised Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH ("Warburg - Henderson"), represented by HIH Hamburgische Immobilien Handlung GmbH ("HIH"), on the acquisition of the office and commercial building "Schillerhaus" in Frankfurt. Warburg - Henderson acquired the property for its special fund Warburg - Henderson Deutschland Top 5. Schillerhaus was sold by asset manager Commerz Real respectively by the fund hausInvest for an undisclosed consideration.

Taylor Wessing advises Wainbridge in connection with its acquisition of 11-15 Grosvenor Crescent, SW1

09 Jan 2014

International law firm Taylor Wessing has acted for its client Wainbridge, in connection with the purchase of 11-15 Grosvenor Crescent, SW1, from The Grosvenor Estate. The £350m scheme will comprise eleven super-prime apartments with external terraces overlooking Belgravia, with associated parking and leisure amenities.

Taylor Wessing advised on the acquisition, as well as the related acquisition and development debt funding provided by Urban Exposure and Letter One. This represents Letter One's first financing in the European real estate lending market. 

Ashurst advises Castlelake on the acquisition of the property portfolio "Kontor"

09 Jan 2014

Ashurst advised the investment firm Castlelake, L.P. on the acquisition of the "Kontor" portfolio, consisting of 109 properties, for an undisclosed consideration. Castlelake acquires the portfolio jointly with its joint venture partner, the Hamburg-based BECKEN Group. BECKEN will also be responsible for the asset and property management as well as for the marketing and renting of the properties.

Castlelake is a global institutional investment firm, focussing on alternative asset-backed investments, that currently has $2.7 billion of assets under management.

Norton Rose Fulbright advises Swisspower Renewables AG on the acquisition of a 150.3 MW German onshore wind park portfolio

07 Jan 2014

Global legal practice Norton Rose Fulbright has advised the renewable energy investment branch of Swisspower AG on the acquisition of 100% of the shares held by Spanish Acciona Energia Internacional S.A. in a German onshore wind park portfolio.

DLA Piper represents Fosun International on US$725 million real estate acquisition

07 Jan 2014

DLA Piper represented Shanghai-based Fosun International in its US$725 million acquisition of One Chase Manhattan Plaza in New York from JPMorgan Chase.

The transaction, which closed on December 17, marks the largest purchase of a New York building by a Chinese investor. The 60-story, 2.2 million-square-foot office building was once the headquarters of Chase Manhattan Bank.

King & Wood Mallesons SJ Berwin advises investors on acquisition of DONG Energy power station

20 Dec 2013

King & Wood Mallesons SJ Berwin has advised a consortium of investors on the acquisition of the gas-fired Severn power station from Danish state-owned energy group DONG Energy.

Severn power station is situated at Uskmouth near Newport in South Wales and generates electricity for the British national grid.  It has a capacity of 832MW and is able to generate power for approximately 1.5 million British households, and it is one of the most efficient natural gas-fired power stations of its type in the UK.