Ashurst advised Aberdeen Immobilien Kapitalanlagegesellschaft mbH (Aberdeen) on its acquisition of 237 rental apartments and a nursery in Frankfurt am Main. Hochtief Solutions AG is the seller of the apartments of the Lahn'sche Höfe project in Frankfurt's Gallus quarter.
Simmons & Simmons has advised Deutsche Wohnen AG on the acquisition of a nursing home portfolio from the LebensWerk group. The acquisition comprised both the four nursing homes with a total of 425 place located in Berlin as well as the operating company.
Frankfurt based Deutsche Wohnen AG is the largest listed real estate group in Germany.
Hogan Lovells has advised Aberdeen Asset Management on the £27 million acquisition of a 15-storey student accommodation redevelopment in Nottingham.
Clients of Aberdeen Asset Management acquired the landmark student accommodation and retail development of a former Odeon cinema by way of a full forward funding for £27 million.
Norton Rose in Australia has acted for a consortium of investors on the acquisition of Cubbie Station, Australia’s largest cotton farm. The consortium consists of Australian wool trading company Lempriere Pty Ltd and a leading Chinese textile company Shandong RuYi Scientific & Technology Group Co. Ltd.
Hogan Lovells advised the Schroder UK Property Fund on the development and leasing of five care homes in Suffolk. The deal was signed on 20 December 2012.
Schroders will acquire freehold sites in Framlingham, Haverhill, Mildenhall, Lowestoft and Ipswich from Care UK, who will then redevelop them (with funding from Schroders) as residential care homes and take a 30 year lease to occupy and operate them.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised one of the largest asset managers in Germany, Union Investment, on the legal and tax aspects of its acquisition of the Gunzhausen onshore wind farm project from RENERCO Renewable Energy Concepts (“RENERCO”). The financial details of this transaction are confidential.
Clifford Chance advised Allianz Group on the acquisition of "Medienfabrik", Ganghoferstrasse 66-70, in Munich, from Commerz Real Investment GmbH, the real estate branch of Commerzbank AG. The parties have agreed not to disclose the purchase price.
Ashurst advised Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH, represented by HIH Hamburgische Immobilien Handlung GmbH, on two property transactions in Coburg and Frankfurt/Main. In Coburg, HIH acquired a commercial property in the city centre on behalf of Warburg - Henderson from the B&L group. The building has an area of almost 5,445 square metres of leased space. The second transaction involved the sale of the high-rise office building, Guiollettstraße 48, in Frankfurt's Westend.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised IWB (Industrielle Werke Basel) on all relevant legal and tax aspects of the acquisition of a 30 MW wind farm. The financial details of this transaction are confidential.
IWB acquired 15 Vestas V90 wind turbines, each with a capacity of 2 MW, as part of the Große Schanze wind farm in Holleben, Saxony-Anhalt, Germany.
Simmons & Simmons has advised APG Strategic Real Estate Pool ("APG") and GRIP Unit Trust (“GRIP”) on the formation of the GRIP, a real estate fund worth approximately £349.4 million.
APG is Europe's largest pension fund asset manager with €325bn of assets under management. GRIP has been formed by APG and Grainger plc (“Grainger”), the UK’s largest residential property landlord, to acquire the residential property portfolio owned by G:res1 Limited (“G:res”), a UK market-rented residential property fund.