NorthWestern to Acquire Hydroelectric Facilities
Skadden is representing NorthWestern Corporation in its $900 million acquisition of 11 hydroelectric facilities and related assets from PPL Montana, LLC, announced on September 26.
Skadden is representing NorthWestern Corporation in its $900 million acquisition of 11 hydroelectric facilities and related assets from PPL Montana, LLC, announced on September 26.
Global legal practice Norton Rose Fulbright has advised The Hongkong Parkview Group Limited on the HK$14.2 billion acquisition of a commercial property portfolio from COFCO Land Limited.
The Hongkong Parkview Group Limited is a Hong Kong listed company and controlled by COFCO (Hong Kong) Limited.
Herbert Smith Freehills has advised CIMB TrustCapital Advisors Singapore Pte Ltd (CIMB TrustCapital) on its recently completed AUD$279 million acquisition of 3 Collins Square, Docklands from Walker Corporation. The property is a 16 level A grade commercial office building in the Collis Square development in Docklands. The property is fully let to the Australian Tax Office.
Herbert Smith Freehills advised on the Australian corporate, funds and property aspects of the acquisition.
New York, NY— Paul Hastings, a leading global law firm, announced today that the firm represented Nordstrom, Inc. in its recent acquisition of a development site for its first store in New York City, a 285,000-square-foot retail space which will be bounded by 57th Street, 58th Street, and Broadway. Nordstrom acquired a fee below a plane (located approximately 255 feet above grade) and entered into a reciprocal easement agreement with Extell, as the owner of the air rights above 2,455 feet.
Herbert Smith Freehills has advised Austreo Property Ventures, a subsidiary of Goldman Sachs, on its acquisition of 157 Ann Street, in Brisbane for approximately $40 million.
The 13-level, 6650 square metre building situated between Edward Street and King George Square was purchased from the City of Brisbane Investment Corporation. Anton Capital, the Sydney based boutique real estate advisory group, represented Austreo Property Ventures on this transaction.
Linklaters has acted for a consortium including Allianz Real Estate and ECE in the EUR 412m acquisition of Silesia City Center, one of Poland’s largest shopping malls located in Katowice. It is the largest real estate M&A deal in Poland and the whole CEE region since the beginning of 2013.
Osborne Clarke has advised new client, Restaurants Etc, on its acquisition of a 5,000 square foot restaurant & bar in the City. This eagerly awaited City location will be the group’s second site in a number of anticipated chicken & steak restaurants, and will open on the restaurant site currently named Sushinho on Devonshire Square, Bishopsgate, just a stone’s throw from Liverpool Street.
Restaurants Etc's portfolio includes five Hix Restaurants and the sixteen month old chicken & steak concept, Tramshed, in London’s Shoreditch.
Ashurst advised Aberdeen Asset Management Deutschland AG ("Aberdeen") on the acquisition of 54 rented flats under construction for a special real estate fund. Seller is the Munich project development company Bayerische Hausbau Projektentwicklung GmbH ("Bayerische Hausbau"). The housing units are part of the residential complex "Schön wohnen am Kreuzpfuhl" in the Weißensee district of Berlin.
Allen & Overy LLP has advised PATRIZIA Immobilien Anlagen AG on the acquisition of a portfolio of 36 office properties with a leased area of approximately 450,000 sqm from a subsidiary of CA.
The portfolio is to be acquired for a German-language consortium of investors through a real estate special funds.
The properties with a market value of around 800 million euros are all in Hesse and are leased to the State of Hesse. The transaction is expected to be completed later this year.
City law firm RPC has acted for Delancey-backed group on the expansion of its portfolio after the purchase of Putney Park School. Partners Anthony Shatz and David Johnston, along with Associates Neil Brown and Richard Roth, acted for Alpha Plus on the deal. The deal will See Alpha Plus acquire the property and assets of the South West London school from its current private owners, following which another of its existing schools, the Falcons School for Girls in Ealing, will be relocated to the site.