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Asset Sale: Acquiror's Counsel

Norton Rose Fulbright advises Hermes GPE on acquisition of majority interest in Fallago Rig Wind Farm

19 Dec 2013

Norton Rose Fulbright has advised funds managed by Hermes GPE Infrastructure (Hermes GPE) on the acquisition of a majority stake in a wind farm in Scotland from EDF Energy and EDF Energies Nouvelles.

Fallago Rig is a 144MW, 48 Vestas turbine onshore wind farm located 35km southeast of Edinburgh in the Scottish Borders region of Southern Scotland. The wind farm is the fifth largest onshore wind farm in the UK and is a significant part of the UK’s electricity generation infrastructure.

Ashurst advises insurance company on acquisition of the shopping centre "Tempelhofer Hafen"

18 Dec 2013

Ashurst advised a major German insurance company on the acquisition of the shopping centre "Tempelhofer Hafen" in Berlin. The centre was sold by Tempelhofer Hafen GmbH & Co. KG for an undisclosed consideration.

The centre "Tempelhofer Hafen" comprises an historic warehouse, a shopping mall with a medical centre, a port, piers as well as entertainment and leisure facilities. The rentable area is c. 36,600 square metres. Tenants of the centre which is almost entirely leased out are, amongst others, EDEKA, MediaMarkt, C&A, Jopp&Jopp and H&M.

Norton Rose Fulbright advises Astronergy on acquisition of Conergy solar module plant in Eastern Germany

18 Dec 2013

Norton Rose Fulbright has advised the Chinese solar module manufacturer Astronergy on the acquisition of the production site of Conergy SolarModule GmbH & Co. KG in Frankfurt/Oder (Eastern Germany) in the scope of an asset deal. The purchase agreement was signed on December 12, 2013.

Hogan Lovells Advises MOL Group on Strategic North Sea Acquisition

17 Dec 2013

Hogan Lovells has advised MOL Group on its agreement to acquire the entire issued share capital of Wintershall (UK North Sea) Limited for a base consideration of US$375m, subject to adjustment at closing.  The closing, which is expected to take place in the first quarter of 2014, is subject to the approval of the Department of Energy & Climate Change (DECC) and the consent of third party partners related to the ownership interests.

Ashurst advises Atlantis Resources on acquisition of Europe's largest tidal power project

13 Dec 2013

Ashurst has advised Atlantis Resources in connection with its acquisition of MeyGen, Europe's largest tidal power project.  Atlantis already held 10% of MeyGen Limited, the company developing the project, and has acquired the remaining equity from its joint venture partners Morgan Stanley and GDF SUEZ.

BLP advises Lodha Group on first ever UK deal

12 Dec 2013

Berwin Leighton Paisner has acted for India’s largest real estate developer, Lodha Group (Lodha), on its acquisition of the Canadian High Commission at One Grosvenor Square, for £306m, for residential development.

The acquisition represents Lodha Group’s first foray into the London market. Lodha successfully secured the property against stiff competition from a number of high-profile bidders, including CPC Group, PCP Capital Partners, a consortium fronted by Hong Kong billionaire Joseph Lau and Fenton Whelan backed by a consortium of investors.

Clifford Chance advises China Life's acquisition of Shanghai Xintiandi property development for RMB3.32 billion

09 Dec 2013

Clifford Chance has advised China Life Trustees, a wholly owned subsidiary of China Life Insurance (Group) Company Limited, on its acquisition of Lot 126, Taipingqiao property development project in Shanghai. The acquisition is structured as a share purchase from Taipingqiao Holding Company Limited, a platform holding company of China Xintiandi Holding Limited, and a purchase of intercompany loan from Shui On Development (Holding) Limited. The total consideration for the acquisition is estimated to be RMB3.32 billion. The sale and purchase agreement was signed on 4 December 2013.

Clifford Chance advises Union Investment on the acquisition of the Meliá hotel in Düsseldorf

09 Dec 2013

Clifford Chance has advised Union Investment on the acquisition of the Meliá hotel in Düsseldorf (Germany) on behalf of the open-end real estate fund, UniImmo: Deutschland, from TMW Immobilien Weltfond, managed by Pramerica. The 4-star superior hotel, which comprises a leasable area of around 14,000 sqm and some 200 rooms, is centrally located in Düsseldorf near the city's Old Town, Königsallee and the banks of the Rhine River.

Union Investment's hotel portfolio now includes 32 hotels with a total of EUR 1.8 billion of property assets under management.

Foresight Group advised by Osborne Clarke on the acquisition of the largest currently operating solar project in the UK

09 Dec 2013

Osborne Clarke has advised Foresight Group LLP on the acquisition of the largest currently operating solar project in the UK. The 32.2 megawatt Wymeswold solar power plant was acquired by the Foresight Solar Fund in November 2013 and occupies the site of a former Second World War airfield in Leicestershire. The capital used to purchase the assets was financed by the IPO of Foresight Solar Fund Limited which listed on the London Stock Exchange on 29 October 2013.