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Asset Sale: Acquiror's Counsel

Orrick London Team Advises Bioenergy Infrastructure Group on Portfolio Acquisition from UK Green Investment Bank

21 Aug 2017

Orrick has advised Bioenergy Infrastructure Group (“BIG”), a specialist investor in the biomass and waste to energy sector, in its acquisition of a portfolio of 20 assets from the UK’s Green Investment Bank.

The assets include four biomass and waste to energy facilities, 15 anaerobic digestion plants and a materials recovery facility in Northern Ireland, England and Scotland, with a combined generating capacity of more than 80MW.

BLP Germany advises Hines on acquisition of Munich shopping centre

21 Aug 2017

BLP Germany has advised Hines as asset manager for an institutional investor on the acquisition of the Mira Shopping Centre in Munich.

Built in 2008, the Mira Shopping Centre covers roughly 24,000sq m and hosts around 60 retail tenants, including Rewe, H&M, New Yorker, dm, C&A, Aldi, Deichmann, Hunkemöller, Douglas, Woolworth and Expert. Hines plans to reposition the centre and establish it as a popular hub for the district.

Hines is a global real estate investment firm with presence in 20 countries and has AUM of approximately €90.3bn.

Norton Rose Fulbright advises BlackRock on first renewable power investment in Australia

17 Aug 2017

Global law firm Norton Rose Fulbright has advised a fund managed by BlackRock on the acquisition of a majority interest in a portfolio of two large scale solar PV projects in Queensland.

The projects are the 150MW Daydream project and the 50MW Hayman. They have been developed by Edify Energy and project financing was provided by Commonwealth Bank of Australia, Natixis and Clean Energy Finance Corporation. Elgar Middleton acted as financial adviser to Edify on the project financing of the portfolio.

Hannes Snellman Counsel to Barings in the Acquisition of an Office-to-Hotel Conversion Project

16 Aug 2017

Hannes Snellman acted as counsel to a fund managed by Barings Real Estate Advisers in its acquisition of an office building at Helsinki centre from The Confederation of Finnish Construction Industries RT. Barings plans to convert the asset into a 120 room business class hotel.

Our core team comprised Tapio Teräkivi,  Katja Heikkinen, Ninja Heikkilä and Niclas Löfstedt.

CMS ad­vises on of­fice trans­ac­tion in Po­land

11 Aug 2017

CMS has advised REICO, the manager of the largest and oldest Czech open-ended real estate fund, on the purchase of the Proximo I office building in Warsaw. The transaction carried on behalf of CS nemovitostni fond (CSNF), is valued at over EUR 116 mln and represents REICO's first investment in Poland. With this purchase, REICO has increased its property portfolio to 12 buildings, including six properties in Prague, three in Bratislava and one each in Warsaw, Brno and Ceske Budejovice.

The seller is the Hines Russia & Poland Fund, which is sponsored and managed by Hines.

Al­li­anz Real Es­tate ad­vised by CMS on ac­quis­i­tion of land­mark of­fice pro­ject for more than EUR 500 mil­lion

11 Aug 2017

Allianz Real Estate has acquired 100% of the landmark office project “THE ICON VIENNA” at Vienna’s new central railway station on behalf of several Allianz companies. The investors include Allianz Lebensversicherungs-AG and Austrian company Allianz Elementar Versicherungs-AG. The vendor is SIGNA Development Selection AG. The acquisition represents an investment of more than EUR 500 million.

Heuking Kühn Lüer Wojtek advises Volksbank Rhein-Ruhr eG on the acquisition of Werhahn mill in Duisburg

10 Aug 2017

Volksbank Rhein-Ruhr eG, Duisburg, has acquired the Werhahn mill in Duisburg's inner harbor from alltours Flugreisen GmbH, Düsseldorf. The Werhahn mill, comprising about 27,000 square meters of space with some 50 tenants, will be used as an office and restaurant complex. The brick building, which is partly protected as a historic monument, on the promenade of the inner harbor houses two renowned restaurants, "Diebels" inn and "Bolero." The property had been acquired in a foreclosure sale by "Alltours" in 2011.