Frankfurt/Main – Aurelis Real Estate has acquired the site of the former General Electric Power AG turbine factory in the Käfertal district of Mannheim from GE. Generators, locomotives and gas and steam turbines have been manufactured at the location since the early 20th century. Aurelis intends to turn the production site into a sustainable commercial district, working in close consultation with the city authorities, and to add it to its portfolio as a long-term holding. GE will lease back parts of the 26 individual properties at the industrial location.

Mayer Brown advised Curzon Capital Partners 5, the 'Long-Life' core-plus style fund, and its local operating partner and minority co-investor, Kintyre, on their acquisition of Hery Park, a 63,642 sqm retail park with logistics in Gersthofen, near Augsburg in Bavaria, Germany for EUR 53.5 million from Revcap and FREO Group.

Leading global law firm Herbert Smith Freehills has advised Japan's Sumitomo Corporation on its acquisition of European parking operator Q-Park's businesses in Sweden, Norway and Finland from Q-Park Operations Holdings, managed by US investment fund Kohlberg Kravis Roberts & Co. (KKR).

The acquisition is subject to customary antitrust approvals.
 

Matheson recently advised the National Treasury Management Agency (as controller and manager of the Ireland Strategic Investment Fund (ISIF)) on the acquisition by Blue Giant Limited of the Green Isle and Donegal Catch food businesses, alongside investors which include Maurice Hickey and Ray Coyle, former executives of Largo Foods. ISIF is the single biggest investor in the group which acquired the two food businesses from the 2 Sisters Food Group, one of the largest food manufacturing businesses in the UK.

Brian McCloskey, Corporate M&A Partner at Matheson said:

Law firm Stephenson Harwood LLP has advised investment manager Tristan Capital Partners in relation to the purchase of the Wolseley Centre in Leamington Spa, Warwickshire.

The office and logistics site was purchased by Tristan Capital for £34 million.  The seller of the centre was the Wolseley Group a national plumbing and heating distributors.

MinterEllison has advised Vail Resorts, Inc. (Vail Resorts, NYSE: MTN) on its acquisition of Falls Creek Alpine Resort (“Falls Creek”) and Hotham Alpine Resort (“Hotham”) from Living and Leisure Australia Group (LLA), a subsidiary of Merlin Entertainments, for a purchase price of approximately A$174 million.

Vail Resorts, through its subsidiaries, is the leading global mountain resort operator with 15 world-class mountain resorts and three urban ski areas.

TAL Dai-ichi Life Australia Pty Ltd (TAL) has acquired Suncorp's Australian life insurance business.

MinterEllison has advised TAL on its acquisition of Suncorp's Australian life insurance business for $640 million, making TAL one of Australia's largest life insurers. The transaction brings together two major life insurance businesses and creates a long term relationship between TAL and the Suncorp Group, including a portfolio of well-established Australian brands: Suncorp, AAMI, APIA and GIO.

International legal practice Osborne Clarke has advised Gustoso Group on its purchase of a majority shareholding in the burger concept, Ruff's Burger. The founders of Ruff's Burger and the commercial manager will continue to manage business operations and will collaborate with a team of the Gustoso Group to expand the business concept across Germany. The parties have agreed not to disclose the terms of the investment.