Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Pandox AB (“Pandox”) on its agreement to acquire Hilton’s London Heathrow Airport for £80m.
 
Pandox is a Stockholm-listed leading owner of hotel properties in Northern Europe, with a focus on sizeable hotels in key leisure and corporate destinations. Pandox’s hotel property portfolio currently comprises 121 hotels with more than 26,000 hotel rooms in ten countries in Northern Europe.
 

Clifford Chance has advised a joint venture led by L'Etoile Properties on the acquisition of the multi-tenant property "QiDUS" in Düsseldorf’s office quarter "Seestern" as part of an off-market transaction. The seller is a joint venture of London investment firm Revcap and asset manager Kriton Immobilien of Munich.

Clifford Chance has advised PATRIZIA GewerbeInvest Kapitalverwaltungsgesellschaft mbH, a subsidiary of PATRIZIA Immobilien AG, on the acquisition of three high-end office properties in Dortmund, Frankfurt and Hamburg. The purchase will take place on behalf of the recently launched "PATRIZIA Gewerbe-Immobilien Deutschland III" fund. The vendor is a subsidiary of Orion European Real Estate Fund IV, C.V., which is managed by Orion Capital Managers. Closing is scheduled for Q3 2017.

Clifford Chance advised Deutsche Alternative Asset Management UK Limited, a subsidiary of Deutsche Asset Management, on the acquisition of "Neukölln Arcaden" in Berlin from Tristan Capital Partners by way of a share deal. The parties have agreed not to disclose the purchase price.

The Real Estate & Construction team at CHSH led by Partner Manfred Ton provided legal advice to the KGAL Group regarding its acquisition of the "ELI Liezen" shopping centre. The purchase of the "ELI Liezen" shopping centre marks the seventh real estate property acquisition for the institutional retail fund ARPP (Austrian Retail Park Portfolio) by the KGAL Group, one of the largest German asset and investment managers.

Schoenherr has advised real estate investment company Deka Immobilien on the acquisition of DC Tower 1 in Vienna, the tallest hotel and office building in Austria, from a UniCredit Bank Austria AG subsidiary. Sixty percent of the shares will be allocated to the Deka-ImmobilienGlobal portfolio and forty percent to the Deka-ImmobilienEuropa portfolio. Closing took place on 6 July 2017 and the parties have agreed not to disclose the purchase price.
 

Simpson Thacher is representing United Group, the leading multi-play (Pay-TV, Broadband, Telephony, Mobile) operator in South East Europe, backed by KKR and the European Bank for Reconstruction and Development, in connection with its acquisition of the Croatian and Slovenian media portfolio owned by Central European Media Enterprises (NASDAQ: CETV) for €230 million. The portfolio of assets includes leading TV channels in Slovenia and Croatia, two economies estimated to post real GDP growth of over 2% annually between 2016 and 2018.

Ashurst advised the EQT Real Estate fund (EQT Real Estate) on the purchase of two office properties in Germany, one being located in Frankfurt am Main, the other in the neighbouring city of Neu-Isenburg.

Following the acquisition of TechnologiePark Köln in September 2016, EQT also instructed Ashurst on its second property transaction in Germany.

Munich, 11 July 2017 – The international commercial law firm BEITEN BURKHARDT advised Hellenstein SolarWind GmbH, a subsidiary of Stadtwerke Heidenheim AG enterprise group, on the acquisition of a wind farm in Ahorn-Buch. The parties have agreed not to disclose the transaction volume.

Herbert Smith Freehills Paris has advised Alkion Terminals France SAS, a subsidiary of Infravia Capital Partners, on its acquisition of French, Portuguese and Spanish bulk liquid storage facilities from LBC Belgium NV.