Noerr has advised VARO Energy on its acquisition of the business of the insolvent Schneider Mineralöl Meißen Group. The Swiss corporation, whose shareholders include Reggeborgh, The Carlyle Group and Vitol, is using this strategic acquisition to further expand its retail and direct sales activities in Germany.
London — Mayer Brown has advised Chinese Estates Holding Limited, a Hong Kong-listed property development company, on the acquisition of 11-12 St James's Square, London from the Employees’ Provident Wealth Fund of Malaysia for £174.9 million.
The 80,000 sq ft office building is multi-let to tenants including Blackstone and Marble Bar Asset Management.
Delphi has acted as legal advisor to Amasten in an exchange deal with NSI Invest which involves the sale of nine properties in Sollefteå and Härnösand, as well as acquisition of a larger property in Sundsvall including both residential and commercial leases, as well as three smaller commercial properties in Karlskoga and Smålandsstenar.
The deal is structured as a share transfer and the acquisitions are based on an underlying property value of SEK 63.8 million and the sales at an underlying property value of SEK 90.8 million.
Osborne Clarke has advised The Renewables Infrastructure Group Limited ("TRIG") a London-listed investment company, that works with InfraRed Capital Partners as its Investment Manager and Renewable Energy Systems as its Operations Manager, on its acquisition of a 100% interest in a UK operational wind farm, Neilston Community Wind Farm (the "Project"), a 10MW onshore wind project in East Renfrewshire, Scotland.
Kajo Neukirchen Group, a family office, specializing among others in investmenta in companies and real estate, acquired a number of office and commercial buildings in Mannheim and Heidelberg from a project developer based in the Rhine-Neckar region. The purchase includes a listed office property and a residential complex. Kajo Neukirchen Group thus continues its growth in the real estate sector.
Kajo Neukirchen Group was advised by a team led by Frankfurt-based real estate specialist Dr. Thomas Nickel.
Counsel to Kajo Neukirchen Group
San Francisco and Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented SRE Group Limited (“SRE”), an integrated real estate developer focusing on high-quality development and renewal projects in first-tier cities in China, in its acquisition of 75 Howard in San Francisco, the United States of America. China Minsheng Investment Group has a controlling stake in SRE.
Addleshaw Goddard's Real Estate and Corporate teams have advised Sefton Metropolitan Borough Council on its acquisition of the Strand Shopping Centre in Bootle from Ellandi and Avenue Capital.
The deal, which will see the shopping centre return to local ownership for the first time in many years, is a landmark transaction for the Council and will contribute to the delivery of the Council's ambitious plans for Bootle Town Centre, creating a much needed new income stream to support services and local jobs in Sefton.
Addleshaw Goddard's market-leading real estate team has advised developer HB Reavis on a strategic Central London acquisition.
Elizabeth House, Waterloo has a prime location adjacent to the UK's busiest station. HB Reavis plans to deliver a new 945,000 sq ft mixed use scheme comprising 753,000 sq ft of commercial floorspace, 142 homes and public space totalling 192,000 sq ft.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised AXA Investment Managers – Real Assets (‘AXA’), which led a consortium of AXA clients and funds, on its acquisition of a logistics properties portfolio from Gramercy Property Europe. The portfolio comprises forty properties and this deal places their collective value at approximately €1bn.
Clifford Chance has advised alstria office REIT-AG on its acquisition of a commercial real estate portfolio from OFFICEFIRST Immobilien AG. The purchase price (including ancillary costs) is EUR 168.5 million. The deal is due to be completed by mid- 2017.
The twelve office properties in the portfolio are located in Hamburg, Düsseldorf and Berlin and comprise total lettable space of 106,000 square metres. The properties currently generate annual rental income of EUR 9.9 million and an average of 3.4 years remains on the leases.