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Asset Sale: Acquiror's Counsel

Baker McKenzie advises Al Zayani Investments on acquisition of 'Kreiller 214' project development in Munich

08 Feb 2018

Baker McKenzie advised Al Zayani Investments on its acquisition of the 'Kreiller 214' project development in Munich from Bucher Properties.

The project development is a mixed use property with a lettable area of approx. 4,200 sqm located at Kreillerstraße 214 in Munich-Trudering. Anchor tenants will be Deutsche Postbank and FitStar. Completion of the project development is scheduled for Q1/2019.

Addleshaw Goddard advises Murphy on acquisition of Carillion's UK power business

08 Feb 2018

Addleshaw Goddard's North West Corporate team has advised J Murphy & Sons on the acquisition of Carillion's UK power framework business.

The transaction will see the transfer of 22 employees to Murphy, as the global infrastructure company takes over Carillion's position on National Grid’s electricity overhead lines, substation and underground cable framework contracts, following the liquidation of Carillion.

WFW advises Frasers on £860m+ UK business park acquisitions

08 Feb 2018

Watson Farley & Williams (“WFW”) has advised long-standing client Frasers Centrepoint Ltd and its related entities (the “Frasers Group”) in concluding the share purchase agreement for the acquisition of Farnborough Business Park for £174.6m, hot on the heels of advising the Frasers Group on its £686m acquisition of a portfolio of four UK business parks in November 2017.

WFW advises Frasers on £860m+ UK business park acquisitions

08 Feb 2018

Watson Farley & Williams (“WFW”) has advised long-standing client Frasers Centrepoint Ltd and its related entities (the “Frasers Group”) in concluding the share purchase agreement for the acquisition of Farnborough Business Park for £174.6m, hot on the heels of advising the Frasers Group on its £686m acquisition of a portfolio of four UK business parks in November 2017.

Addleshaw Goddard advises Murphy on acquisition of Carillion's UK power business

08 Feb 2018

Addleshaw Goddard's North West Corporate team has advised J Murphy & Sons on the acquisition of Carillion's UK power framework business.

The transaction will see the transfer of 22 employees to Murphy, as the global infrastructure company takes over Carillion's position on National Grid’s electricity overhead lines, substation and underground cable framework contracts, following the liquidation of Carillion.

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.

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

08 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.

DLA Piper has advised LabTech Investments on major Bloomsbury acquisition

07 Feb 2018

DLA Piper has advised LabTech Investments Ltd, a technology and property co-working company, on the acquisition of the freehold of BUPA House, WC1.

This acquisition follows the announcement in October that it would be developing its Bloomsbury portfolio to create co-working spaces for SME businesses. BUPA House is situated next to a large existing holding in the Holborn area, which was purchased by Lab Tech Investments in September 2016 for approximately £300 million.