Mayer Brown JSM advised a consortium of firms led by Gaw Capital Partners on a bid to acquire a portfolio of 17 shopping malls in Hong Kong sold by Link Real Estate Investment Trust (“Link REIT”). The consortium agreed to purchase the properties for HK$23 billion (US$2.9 billion).
Greenberg Traurig, LLP has guided investors in two of the largest real estate transactions of the year in the vibrant Dutch real estate market.
New Atrium Acquisition
Clifford Chance has advised PFA and PKA, two of Denmark's leading pension funds, on their acquisition of a joint 50% interest (25% each) in the 659MW Walney Extension offshore wind project, for approximately £2 billion.
The project is being constructed by Ørsted, formerly known as DONG Energy, in the Irish Sea and is expected to be fully commissioned in the second half of 2018, at which point it is expected to be the world's largest offshore wind farm.
The renowned German real estate investment company Art-Invest relied on the comprehensive legal counselling provided by Wolf Theiss in entering the Austrian market. The Real Estate, Tax and Banking teams of Austria’s largest law firm supported the client in acquiring the landmark property “Millennium Tower”.
The purchase took place for a special fund which Art-Invest established on behalf of the pension fund Rheinische Versorgungskassen.
The portfolio comprises five operating wind farms located across England, Scotland and Northern Ireland.
The energy sector team at Burges Salmon have advised GCP Infrastructure Investments (Gravis) in relation to the acquisition, subject to the receipt of third party consents, of a 70MWP portfolio of five operating wind farms from funds managed by Platina Energy Partners (Platina).
The projects Gunillaberg and Lunna are located in the central part of the highland in southern Sweden and the municipality of Askersund respectively
Macfarlanes has advised long-standing client Realstar Group, a Canadian real estate investment company, on the acquisition of Ravenscourt House, a 234-bedroom student accommodation block in Hammersmith. Macfarlanes also advised on the financing required to complete the transaction.
Clifford Chance has advised the pension fund Ärzteversorgung Westfalen-Lippe (ÄVWL) on the acquisition of its stake in the onshore wind farm "Nordlicht" in Norway. Located near Tromsø, "Nordlicht" is the largest renewable energy project completed this year. This is ÄVWL's first direct equity investment in onshore wind turbines. In addition to ÄVWL, Siemens Financial Services was also involved in financing the project.
Real estate experts at Shoosmiths have advised Pharm Research Associates (UK) Limited (PRA) on real estate aspects relating to the acquisition of new sites in Russia and the Netherlands, and a lease regear at its UK HQ.
Weil has advised Shanghai Pharmaceuticals, one of China’s largest pharmaceutical groups and dual-listed in both Shanghai and Hong Kong, in its acquisition of Cardinal Health’s pharmaceutical and medical products distribution business in China. The transaction, which followed a highly competitive auction process, is valued at $1.2 billion and is expected to close by the end of the second quarter of 2018, subject to regulatory clearance and other closing conditions.