Hogan Lovells represented Avocet LNG, the developer of a Gulf Coast offshore LNG export facility, in the purchase of Kinetica Deepwater Express LLC’s Grand Chenier system for an undisclosed amount.
Dentons has advised Taylor Wimpey, one of the largest British-based housebuilding companies, on its £193.5 million acquisition of Royal Mail's Mount Pleasant site in central London.
Planning consent for the site was secured in March 2015 allowing for the development of 681 residential units, including 163 affordable housing units. The development will also include 23,000 sq ft of retail and leisure uses, other community facilities and public areas on the 6.25-acre site. Royal Mail has retained its operational facilities at Mount Pleasant.
DLA Piper has advised a joint venture of Mitiska REIM and Luxembourg Investment Group on the acquisition of a retail park in Mönchengladbach. It is the first acquisition for Mitiska Reim in Germany. In addition to being a co-investment partner, the Luxembourg Investment Group will be responsible for the value-added renovation and enhancing returns through active asset management.
CMS Budapest advised the Belgian real estate developer Atenor on the acquisition of a 19,000 sqm of land on the main road corridors in Budapest connecting the city centre to the airport.
The site provides an opportunity to build a campus of 4 office buildings with commercial spaces covering approximately 85,500 sqm, which will be developed in phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018.
Taylor Wessing has advised CentralNic Group plc – a global software company - on its acquisition of the business and assets of SK-NIC. SK NIC is the manager of Slovakia’s top level domain (.sk).
CentralNic develops and manages software platforms, earning revenue from worldwide sales of internet domain names. SK-NIC is its latest purchase including the full business and all of its assets.
DLA Piper represented Tilman J. Fertitta in his acquisition of the Houston Rockets NBA franchise, including the operating rights to the Toyota Center Arena. The $2.2 billion transaction is a record purchase price for an NBA franchise.
Fertitta is a native of Galveston and life-long resident of the Houston area. He is sole owner of the Landry's restaurant empire and Golden Nugget Casinos and Hotels, and has no other partners in connection with the acquisition, which commenced in July.
Taylor Wessing’s lawyers provided legal advice to the investment and development company ARKON, a.s. when acquiring the real estate area of the former Slovenka factory in Banská Bystrica.
Global law firm White & Case LLP advised Cerberus Capital Management, L.P., a leading private investment firm based in New York, on the acquisition of a real estate portfolio comprised of five shopping centers and a purchase option on a development site from Citycon Oyj, a Finnish listed company owning and managing shopping centers in the Nordic and Baltic regions.
Taylor Wessing’s Dubai real estate team has advised Emirates REIT on the purchase of the European Business Centre in Dubai Investments Park (DIP) for AED 130 million.
Emirates REIT is the world’s largest Sharia compliant REIT.
Located in the heart of Dubai’s new industrial area, the European Business Centre is the latest addition to Emirate’s REIT’s portfolio that includes commercial and educational assets across Dubai. This acquisition takes the portfolio value over the AED 3 billion threshold.
International law firm Berwin Leighton Paisner advised Aurec leading a consortium of Israeli institutional investors on the acquisition of Eschborn Plaza in the Frankfurt area from two closed-ended funds managed by Commerz Real for €236m by way of an asset deal. The main tenant of the prime office complex is Ernst & Young, the company’s largest office in Germany.
NATIXIS Pfandbriefbank AG arranged a €157m mortgage for the acquisition.