Shearman & Sterling advised global private equity investment firm TPG on its acquisition of Abengoa S.A.’s (“Abengoa”) operating electricity transmission line assets in Brazil for approximately R$482.5 million. The assets consist of seven brownfield transmission lines totaling 3,532 km across 10 states in Brazil. This acquisition represents TPG’s first infrastructure investment in the country.
Clifford Chance has advised CA Immobilien Anlagen AG (CA Immo) , an Austria-based stock listed real estate company specialising in office properties in Central European capitals, on the EU68 million acquisition of 'Visionary', an A-class office building in Prague. The seller was Skanska, one of the leading development and construction companies in Europe.
DLA Piper has advised Investa Commercial Property Fund on its acquisition of 117 Clarence Street, for AU$153 million.
The purchase of 117 Clarence Street brings Investa’s real estate portfolio to a total of 15 assets, with interests in some of Australia’s leading office buildings, including 420 George Street and Deutsche Bank Place in Sydney, and 120 Collins Street in Melbourne.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised Advent International on the acquisition of the Distributed Power business from GE (NYSE:GE) for $3.25 billion.
The French fund company Sofidy has acquired offices in Bonn for its real estate fund Efimmo1. The international law firm Clifford Chance has again advised Sofidy on this transaction.
The office complex acquired by Sofidy is conveniently located in the centre of Bonn and has an area of around 14,300 square metres and more than 400 parking lots for long-term tenants Deutsche Post, Bundesanstalt für Immobilienaufgaben (BIMA) and BMW.
Herbert Smith Freehills has advised New Energy Solar Limited on its acquisition of the 55.9 MWDC Manildra Solar Farm in New South Wales, for an enterprise value of A$113 million. New Energy Solar has interests in 20 solar projects in the United States but Manildra is its first Australian asset.
Watson Farley & Williams (“WFW”) is currently advising the United Arab Emirates’ (“UAE”) Federal Electricity and Water Authority (“FEWA”) on the procurement of a desalination plant in the Emirate of Umm Al Quwain, UAE.
On 18 June 2018, FEWA announced the appointment of a consortium led by Saudi Arabia’s ACWA Power as the preferred bidder.
Eversheds Sutherland has acted for longstanding client Harworth Group plc on its strategic acquisition of the former Ironbridge Power Station site in Telford, Shropshire.
The global legal practice provided real estate, employment and environmental advice on the acquisition, which supports Harworth Group’s strategic priority to expand its presence in the Midlands and become the UK’s leading regeneration company.
Ashurst advised insurance group R+V Versicherung on the acquisition of Peek & Cloppenburg's commercial building located on Markt 1 in the German city of Luebeck. The property was sold by the Pan European Urban Retail Fund (PURetail), managed in a joint venture between La Française Real Estate Partners International and Aberdeen Standard Investments Deutschland AG. PURetail acquired the property in 2015 from a real estate fund of Deutsche Bank.
RTPR Allen & Overy has advised Mitiska REIM, through its local vehicle, in relation to the acquisition of a property located in Brasov, where a retail store is located. The transaction was structured as an asset deal and was signed at the end of May.
Mitiska REIM is a Belgian privately held specialist real estate investment and fund management which invests exclusively in the niche of retail parks in Europe.