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Asset Sale: Acquiror's Counsel

McDermott Will & Emery Represents Innate Pharma in Acquisition of Anti-C5aR

08 Jun 2017

McDermott Will & Emery represented Innate Pharma, a clinical-stage biotechnology company, in its purchase of Anti-C5aR from Novo Nordisk A/S, a global healthcare company.

According the terms of the agreement, Novo Nordisk A/S grants Innate Pharma full worldwide exclusive rights to develop and commercialize a first-in-class clinical-stage anti-C5aR antibody (IPH5401) representing a novel therapeutic approach in immuno-oncology.

DWF advises Keywords Studios on US$6million video gaming business acquisition

08 Jun 2017

Legal business DWF has advised Keywords Studios, an international technical services provider in the global video games industry, on its US$6million acquisition of Strongbox Ltd, a holding company with subsidiaries trading under the Red Hot CG brand, which specialises in the production of graphical art assets for video games.

Trowers advises The Prospects Group on acquisition of children’s homes business from G4S

08 Jun 2017

Trowers & Hamlins LLP has advised employee-owned education, employment, training and care provider, Prospects on their acquisition of UK children’s homes business ‘homes2inspire’ from G4S for £11.4 million.

The homes2inspire business provides tailored education programmes, training and care services to more than 80 young people in 18 homes across the Midlands as part of a number of contractual agreements with local authorities.

GÖRG Advises Seller of Postgalerie Speyer Shopping Centre

07 Jun 2017

[Cologne/Frankfurt, 2017-06-07] The “Postgalerie Speyer” shopping centre has been sold to the ERWE Real Estate group. Located at the entrance to a pedestrian zone, the Postgalerie is housed in the former main post office building, which is now a protected monument, and is the largest shopping centre in the city of Speyer. Anchor tenants include H&M, Kult, Jack & Jones, Depot and Deichmann.

D. Carnegie & Co acquires residential property portfolios from Fastighets AB Balder

07 Jun 2017

D. Carnegie & Co AB (publ) has entered into an agreement to acquire residential property portfolios in Arboga, Köping and Tranås from Fastighets AB Balder (publ). The property portfolios comprises 42 properties and 1,681 apartments. The agreed property value was SEK 1,420 million and the purchase price amounted to SEK 1,040 million. The transaction was a share deal.

D. Carnegie & Co was advised by Mannheimer Swartling in the transaction.

DAC Beachcroft Advises Tameside Metropolitan Borough Council on Property Acquisition in Cardiff City Centre

07 Jun 2017

DAC Beachcroft has acted for Tameside Metropolitan Borough Council, as the administering authority of Greater Manchester Pension Fund, in the acquisition of Cardiff's Morgan Quarter for £55 million.

The firm worked with the Pension Fund’s property investment manager, LaSalle Investment Management, in relation to the acquisition of a large proportion of Cardiff city centre's shopping area on behalf of the fund.

KWM advises on Charter Hall’s A-grade Parramatta acquisition

07 Jun 2017

King & Wood Mallesons (KWM) has advised Charter Hall's Prime Office Fund and Direct Office Fund on the transaction for consideration of a planned A-grade office tower in Parramatta for $229 million.

Located at 105 Phillip Street, the 25,000sqm commercial property has been purchased from Dexus Property Group, which is responsible for delivering the development and acting as property manager for five years after its completion in mid-2018. The property was sold with a pre-committed 12-year lease with Property NSW.

Addleshaw Goddard advises Metro bank Plc on strategic acquisition of loan portfolio

07 Jun 2017

Addleshaw Goddard has advised longstanding client Metro bank Plc on its acquisition of a portfolio of UK mortgages from private equity group Cerberus European Residential Holdings B.V. for approximately £597 million.

The transaction, which completed on 2 June 2017 and was financed using existing cash resources, sees the FTSE 250 bank purchase approximately 92% buy to let mortgages, with the remainder being owner occupied, all with a similar credit risk profile to its existing mortgage book.

DLA Piper advises Universal-Investment in acquisition of Tower Point in Boston

06 Jun 2017

DLA Piper represented Universal-Investment-Gesellschaft mbH, on behalf of the BVK-US-Value-Immobilienfonds, a Frankfurt, Germany-based investment fund, in the acquisition of Tower Point @ A Street, a 157,000-square foot office and retail property in the Upper Seaport District of Boston.

This was the first US investment for the BVK fund. The fund was advised by Northwood Investors.