Orrick Paris advised Principal Real Estate in acquiring the 8,100-square-meter Silly 1 building, located at 161 Rue de Silly in Boulogne-Billancourt, near Paris. Principal Real Estate acquired the property on behalf of one of its German funds to SCPI Ufifrance Immobilier, managed by Primonial REIM.

The nine-story office building has been occupied since 1992 by the French subsidiary of the German group Henkel.

Sarah Fleury led our team, with assistance from Anne-Sophie Kerfant and Margaux Azoulay on tax aspects.

Baker McKenzie, with a team led by partner Alessandro Matteini, assisted BNP Paribas REIM in the acquisition, on behalf of NEIF II fund (Next Estate Income Fund II), managed by BNP Paribas REIM Luxembourg, of the "Gaurico Building", a multi-tenant office complex located in Rome in the EUR Laurentina area.

The seller has been assisted by the international law firm Gianni, Origoni, Grippo, Cappelli & Partners (GOP) with partner Gabriele Arcuri, assisted by associate Alessia D'Errico.

The joint venture of a Starwood Capital Group fund subsidiary and CELLS Property Investors bought the Fifty Avon office buildings in downtown Frank-furt in a share deal. GSK Stockmann provided the legal support for this trans-action. The parties agreed to keep the purchase price confidential.

We advised Greencoat Renewables (Greencoat) on its acquisition of Knocknalour wind farm in Co Wexford for €10.9 million.  The acquisition was funded by Greencoat’s €250 million revolving credit facility.

McCann FitzGerald has previously advised Greencoat on its acquisition of Lisdowney Wind Farm and Dromada More Wind Farm.  We also advised on its 2017 IPO and subsequent €111 million share placing.

International law firm CMS has advised Global, the Media & Entertainment group founded by Ashley Tabor OBE, on its simultaneous purchase of two key outdoor advertising assets – Primesight and Outdoor Plus. These acquisitions mark the expansion of Global’s business into the Out-of-Home space and will be the foundations of its new division, Global Outdoor.

Watson Farley & Williams LLP (“WFW“) has advised Commerz Real AG (“Commerz Real”) on a further German wind farm portfolio acquisition via its “CR Institutional Renewable Energies” closed-end special fund launched in autumn 2016.

Located in Germany’s Brandenburg region, the portfolio has a total installed capacity of 24 MW, comprising the three turbine Wustermark I and four turbine Schenkendöbern I wind farms. Both wind farms started operating in 2016.