Slaughter and May advised Grosvenor Britain and Ireland (Grosvenor) on the acquisition of 8.2 acres of land from Workspace Group PLC (Workspace) at the Tower Bridge Business Complex in Bermondsey, Southwark for £51million. Planning consent has been granted for the construction of 800 new homes, affordable housing and a new public park on the site.
DLA Piper has acted for Greenland Holdings of China in the purchase of a stake in the Brooklyn Atlantic Yards project, the largest commercial real estate development in the US to get direct backing from a Chinese company.
Watson, Farley & Williams (“WFW”), is pleased to announce that its London and Madrid offices have advised German private equity investor Aurelius AG (“Aurelius”) on the cross-border acquisition of the value added sales activities of the Unified Communications business within the NEC Group.
Aurelius, together with its portfolio group company Getronics, has acquired the business in the UK, Spain, Portugal and Switzerland. Completion took place on 1 October 2013.
Ashurst advised Warburg-Henderson Kapitalanlagegesellschaft für Immobilien mbH ("Warburg-Henderson"), represented by HIH Hamburgische Immobilien Handlung GmbH ("HIH"), on the acquisition of "Altezza" office building in Munich's Westend. Warburg-Henderson acquired the property for its special fund Warburg-Henderson Deutschland Top 5. Altezza was sold by CBRE European Office Fund for an undisclosed consideration.
Tokyo and London - Global law firm K&L Gates recently represented Japanese carrier Japan Airlines (JAL) in a landmark deal that has the company acquiring 31 of aircraft manufacturer Airbus’ A350 planes, along with options for a further 25 aircraft. This marks JAL’s first-ever order with Airbus, in addition to the largest order for the A350 in 2013.
JAL and Airbus aim to introduce the new planes into service beginning in 2019, with the A350 gradually replacing the airline’s fleet over a six-year period.
On October 20, 2013, Crown Castle International Corp. and AT&T Inc. announced that they have entered into a definitive agreement pursuant to which Crown Castle will acquire rights to approximately 9,700 AT&T towers for US$4.85 billion in cash at closing, subject to certain limited adjustments. Cravath represented Crown Castle in connection with this transaction.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised KGAL GmbH & Co. KG (“KGAL“) on the acquisitions of a wind farm from WKN AG as well as a wind farm portfolio from juwi AG (“juwi”).
Latest Deal Highlights Irwin Mitchell’s Leading Legal Role In North West Real Estate. The Manchester office of national law firm Irwin Mitchell has advised Resolution Property on its £71.1m acquisition of the Great Northern Warehouse.
The 339,000-sq-ft landmark leisure complex is one of Manchester’s most recognised buildings and is home to a range of high profile tenants including a multiplex cinema, lifestyle retail brands, bars and restaurants. It also has car parking for over 1,200 vehicles.
Specialists from seven teams worked together to help the property development and investment company acquire the famous ITV Granada television studios, in a partnership with Manchester City Council called Manchester Quays Limited.
Members of the national law firm's real estate, planning, litigation, banking, corporate, tax, and environmental teams acted for Allied London.
Despite global uncertainty, there has been a strong interest in Australian retail assets over the past year. Major retail investment transactions are on the rise with significant activity being driven by capital partnering, according to Herbert Smith Freehills partner Michael Back.