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Asset Sale: Acquiror's Counsel

Reed Smith advises Warehouse REIT plc on acquisition of 51 multi-let UK assets from Industrial Multi-Property Trust

13 Feb 2018

Reed Smith has advised Warehouse REIT plc in relation to its acquisition of a portfolio of 51 multi-let UK warehouse assets for £116 million from Industrial Multi-Property Trust, a subsidiary of Hansteen Holdings plc. The transaction was structured as a corporate acquisition of a group of Isle of Man companies which currently own the portfolio. Reed Smith handled the corporate and tax aspects of the transaction.

This transaction follows Warehouse REIT’s successful listing on AIM in September 2017 which the Reed Smith team also advised on.

Reed Smith advises Warehouse REIT plc on acquisition of 51 multi-let UK assets from Industrial Multi-Property Trust

13 Feb 2018

Reed Smith has advised Warehouse REIT plc in relation to its acquisition of a portfolio of 51 multi-let UK warehouse assets for £116 million from Industrial Multi-Property Trust, a subsidiary of Hansteen Holdings plc. The transaction was structured as a corporate acquisition of a group of Isle of Man companies which currently own the portfolio. Reed Smith handled the corporate and tax aspects of the transaction.

This transaction follows Warehouse REIT’s successful listing on AIM in September 2017 which the Reed Smith team also advised on.

WFW advises German asset and investment manager KGAL on acquisition of two French photovoltaic power plants

12 Feb 2018

Watson Farley & Williams (“WFW”) has advised KGAL, a leading independent asset and investment manager with an investment volume of €21.5bn across 87,000 investors, on all aspects of the acquisition of two project companies owning two French photovoltaic plants, with an overall installed capacity of 18.58 MW, from French developer Solairedirect. The WFW team also assisted KGAL on the negotiation of the project contracts with Solairedirect.

Allen & Overy Advises EG Group on $2.15 billion Acquisition of Kroger's Convenience Store Business Unit

09 Feb 2018

Allen & Overy represented EG Group as the company entered into a definitive agreement to acquire the convenience store business unit from The Kroger Co. (“Kroger”) (NYSE:KR) for $2.15 billion. The transaction is expected to close during the first quarter of Kroger’s fiscal year.

As part of the agreement, EG Group, a privately-held petrol forecourt convenience store retailer based in Blackburn, Lancashire, United Kingdom, will establish its North American headquarters in Cincinnati, Ohio and continue to operate stores under their existing banner names.

WFW advises German asset and investment manager KGAL on acquisition of two French photovoltaic power plants

09 Feb 2018

Watson Farley & Williams (“WFW”) has advised KGAL, a leading independent asset and investment manager with an investment volume of €21.5bn across 87,000 investors, on all aspects of the acquisition of two project companies owning two French photovoltaic plants, with an overall installed capacity of 18.58 MW, from French developer Solairedirect. The WFW team also assisted KGAL on the negotiation of the project contracts with Solairedirect.

EG Group to Acquire Portfolio of Kroger’s Convenience Store Holdings for $2.15 billion

08 Feb 2018

Paul Hastings LLP, a leading global law firm, announced today that the firm advised UK-based EG Group on real estate matters related to the $2.15 billion acquisition of Kroger’s convenience store holdings. The holdings are comprised of a mix of owned and leased properties including 762 stores in the United States. Kroger’s supermarket fuel centers and Turkey Hill Dairy operations were not included in the sale.