King & Spalding represented London-listed NMC Healthcare on its purchase of a majority stake in a new multi-specialty hospital in Saudia Arabia.
Dubai-based NMC Healthcare is to purchase a 60 per cent holding in the facility, which will be based in the southern city of Najran. The acquisition is part of a $40 million expansion in Saudi Arabia for NMC. More information can be found here.
Watson Farley & Williams (“WFW”) has advised Commerz Real AG (“Commerz Real”) on its €45m acquisition of the Höcherberg wind farm on behalf of the closed-end special fund CR Institutional Renewable Energies Fund (“Special AIF”).
The wind farm, located in the Saarland region of Germany, comprises five separate wind energy plants with a total installed capacity of 16.5 MW and is scheduled to be connected to the grid by autumn 2017.
Clifford Chance has advised La Française Real Estate Partners International on its acquisition of an office complex in Stuttgart. The complex offers around 30,000 square metres of floor space.
The office complex is made up of two buildings located at Mittlerer Pfad 13-15 in Stuttgart and built in 1993 and 2001 respectively. The main building offers floor space of around 23,000 square metres and the secondary building around 7,000 square metres. Porsche is the lessee for both buildings and there are almost ten years remaining on the lease.
Following the acquisition of the leather chemicals division of BASF SE, one of the world’s largest chemical companies, in March 2017 by Stahl Group (portfolio company of Wendel SE), Clifford Chance advised Wendel SE and Stahl in relation to the completion of this transaction. The leather chemicals division operates in a number of countries including China, Hong Kong, Singapore, India, Spain, Italy, USA, Thailand, South Africa, Turkey, Uruguay, Germany and Brazil.
Slaughter and May advised Equinix Inc on its acquisition of Zenium's data centre business in Istanbul for US$93 million. The acquisition was signed and completed on 6 October 2017. The Zenium data centre, which will be renamed Equinix IS2, will further strengthen the Equinix position in Europe and address growing demand for interconnection services in Turkey.
The firm led an integrated team including Kolcuoglu Demirkan Kocakli in Turkey and Carey Olsen in Cayman.
Heuking Kühn Lüer Wojtek has assisted housing company VIVAWEST Wohnen GmbH (VIVAWEST) in the acquisition of “Mühlenquartier” in Düsseldorf-Benrath. A team comprised of professionals from several offices led by Düsseldorf-based partner Dr. Marc Scheunemann advised VIVAWEST comprehensively on the transaction.
The European asset management enterprise Amundi Real Estate has acquired two hotel projects in Berlin. The vendor Anschutz Entertainment Group Real Estate will develop the entire district with a volume of EUR 200 million. International law firm Clifford Chance advised Amundi Real Estate on this transaction.
The projects acquired are three-star hotel Hampton by Hilton with 254 rooms and four-star hotel Indigo with 118 rooms. Both hotels, which are to open late in 2018, will be orperated by Austrian real estate agent Tristar on a 20-year lease.
Global law firm White & Case LLP has advised REICO investicni spolecnost Ceske Sporitelny, a.s. (REICO IS CS), acting on behalf of CS nemovitostni fond (CSNF), the largest and oldest Czech open-ended real estate investment fund, on the acquisition of the Galeria Sloneczna in Radom.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Madison International Realty (‘Madison’) on its acquisition, along with Oxford Properties, of the Sony Center in Berlin for approximately €1.1bn from NPS Korea. The acquisition marks Oxford’s entry into the Berlin market and is an extension of its existing global relationship with Madison, a leading private equity investment firm.
McDermott Düsseldorf lawyers led by Jens Ortmanns advised project developer Development Partner on buying the 'Kennedydamm-Center' in Düsseldorf. Also providing real estate and public law counsel were Sebastian von Lossow, Alexa Ningelgen, Anja Zelfel and Andreas Herzig.