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Asset Sale: Acquiror's Counsel

Wolf Theiss Advises Revetas Capital Fund II And Cerberus Capital Management On Acquisition Of Bucharest Hotel Portfolio

16 Jan 2018

Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management, L.P. on their acquisition of a leading hotel complex with approximately 86,000 sqm of gross leasable area in Bucharest, Romania.

The complex includes two hotel facilities, the Radisson Blu and Park Inn Hotels, as well as approximately 7,500 sqm of prime retail space. In addition to providing M&A assistance and real estate due diligence, Wolf Theiss assisted the purchasers in relation to financing and refinancing of the acquiring and the acquired companies' debt.

Ashurst advises Aberdeen on purchase of housing project in Berlin

16 Jan 2018

Ashurst advised Aberdeen Asset Management Deutschland AG (Aberdeen) on the purchase of housing project "LEO - Urban Living" from Kondor Wessels Holding GmbH (Kondor Wessels). 171 apartments with a total of 9,480 square meters of living space are to be built on the approximately 4,700 square meters of land in Berlin, Löwenberger Straße 1, 3, 5. In addition, two commercial units totalling 157 square meters and 40 underground parking spaces are planned. Completion of the project is scheduled for spring 2020.

Energy experts advise on acquisition of 1,000MW Loy Yang B Power Station

16 Jan 2018

Herbert Smith Freehills has advised Alinta Energy owner, Chow Tai Fook Enterprises (CTFE) on the acquisition of the 1,000MW Loy Yang B Power Station located in Victoria.

The Herbert Smith Freehills team was led by Partner Robert Nicholson with support from Partner Nick Baker, Executive Counsel Michelle Palethorpe, Senior Associates Claire Thompson and Brodie Same and Solicitors Lily Zhang and Madeleine Miller.

Clifford Chance advises Frasers on acquisition of Hermes logistics facilities package from ECE for EUR 257 million

16 Jan 2018

Clifford Chance has advised Frasers Property Investments Europe on the acquisition of a logistics facilities package for EUR 257 million. The package comprises six Hermes logistics centres with rental space totalling around 75,500 square metres on a site of about 426,500 square metres. It was sold by German real estate investor ECE Projektmanagement GmbH & Co. KG.

CMS advises RDI REIT P.L.C. on £161m portfolio acquisition

16 Jan 2018

International law firm CMS has advised London Stock Exchange listed RDI REIT P.L.C. (RDI) on its acquisition of an 80% interest in a portfolio of flexible offices in Central London worth in excess of £161m, from sellers Forum Partners, the Kailong Group and Office Space in Town Limited (OSIT). The portfolio was previously held by two companies based in the Isle of Man.

MinterEllison advises CommsChoice Group on IPO & ASX listing

16 Jan 2018

MinterEllison has advised CommsChoice Group on its IPO and ASX listing, which raised $A7.5 million, on a market capitalisation on listing of $A26 million.

MinterEllison has advised CommsChoice Group Limited (ASX: CCG) on its acquisition of five complimentary information and communications technology (ICT) service providers, its initial public offering (IPO) and ASX listing.

The new publicly-listed ICT services player successfully raised $A7.5 million under the offer and a market capitalisation on listing of approximately $A26 million (based on the offer price).

KWM advises Comsys on A380 acquisition and refinancing

16 Jan 2018

King & Wood Mallesons (KWM) advised Comsys Financial Leasing (Comsys) on its acquisition and finance leasing of an A380 aircraft to Mauritius-based operating lessor, Veling Group (Veling), with a 12 year operating lease attached to Emirates. Comsys financed its acquisition of the aircraft with a secured loan from a PRC policy bank.

The KWM team was lead drafting counsel on the finance leasing transaction as well as on the secured loan transaction.

Apex Acquires Warburg’s Asset Management and Servicing Business in Luxembourg

16 Jan 2018

Willkie represents Apex, a Genstar portfolio company, on this acquisition, which will add $50 billion in assets under administration and custody for the fund administrator.

On January 8, Apex Group Ltd., Genstar Capital and SALU Capital announced Apex's acquisition of Warburg’s Asset Management and Servicing business in Luxembourg. Upon completion of the transaction, Apex, a Genstar portfolio company, will have nearly $350 billion of AuA. Apex and Genstar partnered with SALU Capital on this transaction.

DLA Piper advises Savills Investment Management on acquisition

16 Jan 2018

DLA Piper has advised the property fund manager, Savills Investment Management, on the establishment of its new fund Nordic Fund III – Retail, and the fund's subsequent acquisition of four retail parks in Haparanda, Borlänge, Uppsala and Uddevalla in Sweden from IKEA Centres.

DLA Piper advised on the Swedish, German and English law in relation to the acquisition of the retail parks, as well as the financing of the acquisition.

CMS advises RDI REIT P.L.C. on £161m portfolio acquisition

16 Jan 2018

CMS has advised London Stock Exchange listed RDI REIT P.L.C. (RDI) on its acquisition of an 80% interest in a portfolio of flexible offices in Central London worth in excess of £161m, from sellers Forum Partners, the Kailong Group and Office Space in Town Limited (OSIT). The portfolio was previously held by two companies based in the Isle of Man. RDI (formerly Redefine International) is a FTSE 250 UK Real Estate Investment Trust, which currently manages £1.5bn worth of properties in the UK and Germany, including retail parks, offices, logistics and hotels across both countries.