Budapest--Dentons has advised leading CEE commercial real estate company Globe Trade Centre S.A. (GTC) on its 100% acquisition of a real property located on Vaci ut 85 adjacent to GTC Hungary's Center Point Office Buildings.
Milbank, Tweed, Hadley & McCloy LLP advised leading integrated aircraft lessor Goshawk Aviation Ltd. (“Goshawk”) in its acquisition of SKY Leasing’s Irish subsidiary, adding 51 aircraft to Goshawk’s fleet and inflating its portfolio to $11.1 billion. The transaction closed on September 13 and places Goshawk in the top 10 aircraft lessors globally with a total of 222 aircraft.
CMS advises Novelis on the Acquisition of Rolling Business Assets in Sierre, Switzerland, from Constellium
On 23 July 2018, Novelis Switzerland SA successfully completed the acquisition of aluminium rolling business assets located and of a 50% stake in the shared infrastructure in Sierre, Switzerland, for EUR 200 million, from Constellium Valais SA.
Greenberg Traurig advised Curzon Capital Partners 5 Long-Life Fund (CCP 5 LL), which is managed by Tristan Capital Partners (Tristan), on the acquisition of Parseval Square in Düsseldorf North, Germany. It is the second acquisition of Tristan in Germany for the CCP 5 LL fund. The seller is London-based Floreat Group. The parties agreed to keep the purchase price confidential.
Greenberg Traurig advised a joint venture managed by Schroders on the acquisition and financing of the Pollux office tower in Frankfurt am Main. The Finnish pension fund Ilmarinen Mutual Pension Insurance Company and another international institutional investor form the joint venture. The purchase price amounts to approximately EUR 230 million.
The 32-story office tower comprises approximately 35,000 square meters of rental space and is currently 95 percent let. The main tenant is Zurich Insurance.
Mills & Reeve has advised local university on acquisitions in Eastside, which promises further regeneration for the city.
The team at leading national law firm Mills & Reeve worked with Birmingham City University (BCU) to acquire four plots of land in Eastside, further building on the thriving education quarter in Birmingham. They have previously advised the university on the relocation of the world famous Royal Birmingham Conservatoire to a £57 million purpose built facility at Millennium Point.
German Health Insurer Süddeutsche Krankenversicherung a.G. (SDK) has completed another real estate transaction as part of its new real estate acquisition strategy. International law firm Clifford Chance advised SDK on the acquisition of the office property Five Boats in Duisburg from Hannover Leasing.
The Five Boats office building in Duisburg's Inner Harbor offers around 20,000 square metres of office space and is fully let.
Budapest--Dentons advised real estate investor and developer NEPI Rockcastle on the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping center in Budapest, from leading global private equity firm Lone Star, for EU254 million. With this transaction, NEPI Rockcastle becomes the owner of two shopping malls in Budapest, following last year's purchase of Arena Plaza. The investment is part of NEPI's strategic plans to enhance its shopping mall portfolio in Central and Eastern Europe (CEE).
International law firm Gowling WLG has acted for Blackstone Property Partners and Telereal Trillium on the £1.46 billion acquisition of Network Rail's commercial estate portfolio.
The firm partnered with Kirkland & Ellis to advise investment firm Blackstone and commercial property management company Telereal Trillium on the deal, which involved a portfolio of 5,200 properties across England and Wales including hotels, offices and restaurants.
International legal practice Osborne Clarke has acted for Palmer Capital on the acquisition of the Landmark Grade A office building, Aurora.
Backed by Palmer Capital, Cubex Land has successfully completed the sale of Aurora for £62.13m to Royal London Asset Management, achieving a 4.75% net initial yield. Aurora has been the only speculative office development under construction in Bristol and has therefore been able to secure record headline rents throughout its construction.