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Asset Sale: Acquiror's Counsel

Clifford Chance advises Züblin Immobilien Holding AG on the sale of its German real property portfolio

19 Jun 2017

Clifford Chance advised Swiss Züblin Immobilien Holding AG on the sale of its German real estate portfolio consisting of twelve office buildings to CLS Luxembourg S.à r.l. The purchase price amounts to approx. EUR 152,2 million.

The office buildings are located in Hamburg, Stuttgart, Munich's suburb Germering, Düsseldorf, Dortmund, Wiesbaden, Marl and Witten. The properties generate annual rent totalling approx. EUR 10 million.

White & Case Advises on High Profile London Commercial Real Estate Acquisition

16 Jun 2017

White & Case LLP has advised on the commercial real estate acquisition of 105 Wigmore Street, London W1 from Standard Life.

"We advised one of our longstanding family office clients on a successful and high profile commercial real estate acquisition following a competitive bidding process," said London-based White & Case partner James Dodsworth, who led the Firm's deal team. "It was a substantial transaction that required accurate execution within the demands of a very short timeframe.

Ashurst advised KFIM on the acquisition of BAE occupied manufacturing warehouse on behalf of Korean Investors

15 Jun 2017

Ashurst advised Knight Frank Investment Management (KFIM) on the acquisition of a BAE occupied manufacturing warehouse at Radway Green, Crewe. The investment has been acquired on behalf of a consortium of Korean institutional investors.

Kevin Aitchison, CEO at KFIM, commented: “We are confident that this will be the first of many transactions for investors from the region”. Of Ashurst, Kevin commented "You guys have been absolutely fantastic. You certainly are an example to many of your competitors".

Milbank Advises VietJet in $3.58 Billion Aircraft Engine Deal with CFM

13 Jun 2017

SINGAPORE, June 12, 2017 – In yet another landmark deal for Vietnam’s first modern publicly traded aircraft company, VietJet, a team from Milbank, Tweed, Hadley & McCloy LLP advised the company in a US$3.58 billion transaction to purchase 215 aircraft engines from joint French-American maker CFM. This deal was signed in the presence of Vietnam’s Prime Minister Nguyen Xuan Phuc and U.S. Secretary of Commerce Wilbur L. Ross, Jr.

Blackstone Acquires Hansteen Portfolio

13 Jun 2017

Simpson Thacher is representing Blackstone Real Estate in connection with its acquisition of a portfolio of 180 mixed-use industrial and logistics properties from Hansteen PLC in a transaction valued at approximately €1.275 billion. Blackstone will acquire the portfolio in a joint venture with M7. The properties are located in Germany and the Netherlands. The transaction is scheduled to close in June 2017.

White & Case Advises PGE Polska Grupa on PLN 4.51 Billion Acquisition of EDF's Polish Assets

12 Jun 2017

White & Case LLP has advised PGE Polska Grupa Energetyczna S.A. (PGE), Poland's biggest power producer, on its PLN 4.51 billion (approximately US$1.2 billion) acquisition of the EDF Group's assets in Poland.

PGE signed a Conditional Share Sale Agreement in relation to the acquisition with EDF International SAS and EDF Investment II B.V. on May 19, 2017.

NautaDutilh assisted Van Lanschot Kempen with the acquisition of UBS's domestic wealth management activities

09 Jun 2017

NautaDutilh assisted Van Lanschot Kempen with the acquisition of UBS's domestic wealth management activities in the Netherlands. The transaction comprises the client relationships and employees of the wealth management activities of UBS Netherlands, a branch of UBS Europe SE, having currently Assets under Management (AuM) of around EUR 2.6 billion.

Innate Pharma acquires of the Anti-C5aR antibody from Novo Nordisk A/S

09 Jun 2017

Innate Pharma ha acquired the Anti-C5aR antibody from Novo Nordisk A/S, who are being advised by Baker McKenzie.

According to the terms of the agreement, Novo Nordisk A/S grants Innate Pharma full exclusive rights to develop and commercialise the anti-C5aR antibody (which becomes the IPH5401 programme). Currently at the clinical stage, this ‘first-in-class” antibody represents a novel therapeutic approach in immuno-oncology.

Bird & Bird advises Capital Stage on the acquisition of a UK-based solar park from SPI Energy

09 Jun 2017

Bird & Bird has advised Capital Stage AG, the German wind and solar operator, on their £4.7 million acquisition of a UK-based solar park from Chinese firm SPI Energy Co. Ltd.

Capital Stage acquired the Lancashire based 4.5MW solar project from SPI China (HK) Ltd., a subsidiary of Nasdaq-listed SPI Energy Co., Ltd.

The deal was completed in a tight timescale to secure the project's eligibility for ROC.