Noerr has with a team of experts from its Real Estate Investment Group advised the Swiss real estate investor Gold Tree on the acquisition of the headquarters of Esprit Europe in Ratingen. The purchaser is a Gold Tree investment vehicle which purchased the office building from a closed real estate fund of Real I.S. AG.
Schoenherr and SCWP Schindhelm have advised a joint venture company consisting of an investor group led by Erwin Krause and Franz Kollitsch, and Austrian property developer UBM Development AG ("UBM") on the acquisition of UniCredit Bank Austria subsidiary Ekazent Group ("Ekazent"). The closing took place on Tuesday 31 January 2017.
Watson Farley & Williams LLP (“WFW”) has advised Commerz Real AG (“Commerz Real”) on all legal and tax aspects of its €105m acquisition of a German wind farm portfolio from UKA Umweltgerechte Kraftanlagen (“UKA”) on behalf of its newly formed closed-end special fund “CR Institutional Renewable Energies Fund”.
Osborne Clarke has advised leading independent infrastructure and private equity investment manager Foresight on its acquisition of the largest solar park in the UK. Called Shotwick and based in North Wales, the 220-acre site operates at a 72MW peak capacity and a 50MW AC export capacity.
Linklaters has advised Danish based DONG Energy on its acquisition of a 35 per cent interest in the Taiwanese offshore wind project Formosa I from local developer Swancor Renewable.
A German pension fund advised by the asset manager Prime Capital AG has acquired the Ränsliden wind park in the municipality of Mellerud, Sweden, from the Norwegian developer Scanergy. The wind park comprises seven Siemens SWT-3.3/3.6-130 turbines, with a hub height of 135 meters. The wind park will supply energy equivalent of the yearly consumption of 5,000 households.
White & Case LLP has advised Harbour Energy Limited (Harbour Energy), the energy investment vehicle managed by EIG Global Energy Partners (EIG), on its agreement to lead the US$3 billion acquisition by Chrysaor Holdings Limited (Chrysaor) of a diversified portfolio of oil and natural gas assets in the North Sea from Shell UK and its affiliates.
Clifford Chance advised Bank of America Merrill Lynch on its purchase of a commercial real estate loan portfolio from HSH Nordbank.
Last week the ABN Braun AG creditors meeting approved the acquisition of all its assets by Schneider Electric. Baker McKenzie advised Schneider Electric on this transaction.
The result of this merger between ABN and Schneider Electric will combine their expertise and resources, allowing them to offer client specific energy distribution systems from one company. In future Schneider Electric will be an all-round provider for electrical installations in Germany, adding network and energy efficient solutions for buildings to it's services.
Dechert LLP advised Chrysaor Holdings Limited (“Chrysaor”), the UK oil & gas independent, on its acquisition of a package of assets in the UK North Sea from Shell UK Limited and its affiliates (“Shell’’) for US$3 billion. Future additional payments may be made between the two companies, contingent upon exploration results and commodity prices. The transaction is subject to regulatory and partner consents and is expected to complete in the second half of 2017.