DLA Piper has advised the Israeli insurance company and pension manager, Migdal, on its acquisition of three light industrial properties in Germany from ThreadGreen Industrial for €55.7 million. Migdal completed the acquisition in association with Cording Real Estate Group, a German, UK and Benelux real estate investment and asset management firm.

The transaction was concluded through only equity investment, without leverage. Migdal invested approximately 95 percent of the equity and Cording together with the Edmond de Rothschild Group invested approximately 5 percent.

DLA Piper represented New York-based Silverpeak in its US$132 million acquisition of oil and gas assets in Utah’s Uinta Basin from LINN Energy, Inc. The assets will be managed by Altamont Energy, a recently formed affiliate of Silverpeak. The assets are composed of roughly 36,000 net acres, including 27,000 undeveloped acres, 116 PDP (Proved Developed Producing) wells with significant reserves, work-over and development opportunities.

Fried Frank represented Cording Real Estate Group, a German, UK and Benelux real estate investment and asset management firm with €2.3 billion management mandates and 80 employees, on its acquisition of a German light industrial portfolio for €55.7 million from Gramercy Europe, a pan-European real estate investment fund manager.

Cording completed the acquisition, in association with Israeli insurance company and pension manager Migdal, through equity investment without leverage.

International legal practice Osborne Clarke has advised Gazeley, a GLP company and leading investor and developer of logistics warehouses and distribution parks, on its purchase of a six-acre plot of land in the heart of London to speculatively develop the UK’s first three-storey logistics facility to be called G Park London Docklands. The site, located in Silvertown, was acquired from joint venture partners Galliard Homes and Cain International.

WARSAW - April 10, 2018 - BNP Paribas Group and Raiffeisen Bank International have reached an agreement for the acquisition of the core banking operations of Raiffeisen Bank Polska, to be combined with the subsidiary of BNP Paribas in Poland, Bank BGZ BNP Paribas.

The transaction will be implemented through a demerger of Raiffeisen Bank Polska by spin-off of its core business to Bank BGZ BNP Paribas. The core business excludes foreign currency retail mortgage loan portfolio and a limited amount of other assets.

Hogan Lovells has successfully advised JSC Aircompany (SCAT), the second largest Kazakh airline, on its purchase of up to six new Boeing 737 MAX-8 from The Boeing Company. The first aircraft from this order has been delivered to our client on 29 March 2018.

Clifford Chance has advised CPI Property Group on its acquisition of Futurum Hradec Kralove shopping centre, from Meyer Bergman, a privately held real estate investment management firm. The transaction was approved by the Czech Competition Office on 23 March 2018.

Ashurst LLP advised UMR, assisted by La Française Real Estate Partners,  on the acquisition from Groupe IDEC Invest of an office building located 43-47 avenue de la Grande Armée. This building has been fully refurbished in 2017 and is fully let to BDO France.

The Ashurst team in Paris was led by real estate partner Guillaume Aubatier. Emmanuelle Pontnau-Faure, partner, and Solène Guyon, associate, advised  on the tax aspects.

Irwin Mitchell is advising Artisan Real Estate Investors on the acquisition of Natwest Court Bristol,  a sprawling city centre building of 116,000 square feet in the centre of Bristol, which has been purchased from Direct Line.

Artisan plans to redevelop the building as part of the extensive regeneration project for the collection of buildings in Bristol’s Historic Quarter, fronting Broad Street and Nelson Street into a mixed-use scheme comprising residential, and retail anchored by a hotel.

TLT has completed its third land acquisition in four months for Persimmon Homes Limited, one of the UK's most successful house builders, in Tuffley, Gloucester.

The site has planning permission for 250 residential units and answers increasing demand for house building in the South West, as the region continues to attract residents and businesses. The other land acquisitions were in Calne in Wiltshire and Keynsham in Somerset.