Warsaw - Dentons’ Real Estate team in Warsaw has advised Union Investment, the Hamburg-based real estate investment manager, on the acquisition of Park Inn by Radisson in Krakow, Poland. The hotel was acquired from a joint venture between subsidiaries of UBM Development and Lindorcenia.

Opened in 2009, Park Inn by Radisson is a modern 4-star hotel located in the center of Krakow, on south bank of the Vistula, close to the ICE Congress Centre. The hotel offers to its guests 152 rooms, a gym, five conference rooms and 70 parking spaces in the underground car park.

Stuttgart/Hamburg – The GRR Group has acquired a retail portfolio for around EUR 150 million on behalf of GRR German Retail Fund No. 3, a new investment fund for retail real estate. The portfolio comprises 42 properties at locations across nine German federal states. This is the largest portfolio the GRR Group has ever acquired for one of its real estate funds and also the biggest property purchase in the company’s history. The seller is an institutional special AIF. No further details of the deal were disclosed.

Ashurst has acted for the Australian Department of Defence – Capability, Acquisition and Sustainment Group ('CASG') in relation to the Australian Army's A$5.2 billion acquisition of 211 combat reconnaissance vehicles from Rheinmetall Defence Australia ('Rheinmetall'), as part of the LAND 400 Phase 2 Project ('The Project') which is the largest acquisition project in the history of the Australian Army.

A ceremonial contract signing was conducted by the Prime Minister of Australia Malcolm Turnbull at Parliament House on 17 August 2018. 

Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of the "Hanse Forum" office property in Hamburg. The seller is Standard Life Investments European Real Estate Club L.P II. Warburg-HIH Invest adds an interest of nearly 50 percent in the property to the open-ended special AIF "Warburg HIH Top 7 Deutsche Metropolen Immobilien Invest", which thus reached its envisioned total investment volume of about € 400 million. The other approximately 50 percent are added to the "Deutschland Selektiv Immobilien Invest" fund.

Morrison & Foerster is advising JT Group on its acquisition of the tobacco business of Akij Group (“Akij”) for a total of BDT 124.3 billion (approximately USD 1.476 billion). The transaction is expected to be completed in the third quarter of the fiscal year 2018 following regulatory clearance.