A team led by Hamburg-based partner Dr. Sönke Görgens advised WealthCap on the acquisition of the real estate portfolios Max and Merle, consisting of 17 properties. At a purchase price of about EUR 630 million, it is the largest (office) portfolio transaction of 2016. In addition to the contract negotiations and the comprehensive advice on matters pertaining to tax law and antitrust law, Heuking Kühn Lüer Wojtek, in particular, carried out the due diligence for all properties with a team from various offices.

Clifford Chance advised Pan-European Fund Encore+, co-managed by LaSalle Investment Management and Aviva Investors, for the acquisition of the property located at 69 Haussmann in Paris, for €128 million.

The building is part of a bigger office complex known as ‘Paris Haussmann’, which is located in the Central Business District area of the city.

The asset comprises more than 7,400 square metres of lettable floor space, situated over 8 floors. It is home to a range of high-profile businesses including UBS and Rabobank.

The real estate investment fund Niam has acquired Copenhagen Business Park, which is one of Denmark's biggest office buildings with a total letting area of 67,000 sqm. Plesner assisted Niam with the transaction.

Approximately 50 different companies are currently residing in Copenhagen Business Park. The big office building in Hvidovre, Denmark, has a great location as it is close to the E20 motorway and is ten minutes from Copenhagen Airport by car.

According to Niam, Copenhagen Business Park is now to be modernised both indoors and outdoors.

Dechert attorneys have been on a hot streak this week, advising on three separate deals that announced over a 24 hour period. More details on the firm’s representations of Ispen, MSX International and One Equity Partners are as follows:

Ipsen acquires Merrimack Pharmaceuticals assets for up to US$1 billion

Linklaters advised Allianz Global Investors on the acquisition of 80% of the shares in a 142 MW wind farm portfolio from PNE WIND. The acquirer is “Allianz Renewable Energy Fund 2”, a fund managed by Allianz Global Investors. Furthermore, there exists an option to acquire another wind farm with a capacity of approx. 10 MW. 20% of the shares remain with the previous owner. It is the largest wind farm sale completed by PNE in its corporate history so far. The closing took place on 29 December 2016.

DLA Piper represented ASB Real Estate Investments (ASB), a leading US real estate investment management firm, in acquiring the Gibson Santa Monica, a mixed-use development project, for US$83 million.

Eversheds advised CGN EE on the acquisition of a portfolio of 14 onshore wind-farms with an enterprise value in excess of €500m

The transaction completed on 30th December in respect of the wind farms, which operate at approximately 228 MW in Northern Ireland and Republic of Ireland.

Eversheds acted for the buyer, CGN Europe Energy (CGN EE), a subsidiary of CGN Group (the Chinese state owned nuclear generator). The sellers were Gaelectric Holdings plc and Lanber Holdings.

DLA Piper represented Hamburg, Germany-based Union Investment in acquiring the 317-room Courtyard by Marriott World Trade Center in New York for more than US$200 million.

The newly constructed 30-story hotel, purchased for Union Investment's open-ended real estate fund UniImmo Global, is located in Manhattan's Financial District, close to the World Trade Center complex and Ground Zero memorial. Boston-based Pyramid Hotel Group will operate the hotel on Union Investment's behalf.

Muscat—Dentons advised Muscat National Development and Investment Company SAOC (ASAAS) on the acquisition of a plot of land measuring 1.5 million square meters (Land) located in Barka, Oman. The seller is a Muscat Financial Corporation Limited group company. The cooperation agreement was signed in December 2016 and as a part of the agreement ASAAS shall be responsible for developing the Land.

Gateway Real Estate AG has acquired a shopping center in Bavaria near Regensburg, and the transfer of the benefits and burdens is planned to take place soon. This involves the Abensberg shopping center with a total property area of 23,360 m² and 12,338 m² lettable space with an occupancy ratio of 100 % and annual rent income of almost 1.9 million Euro.

The various larger and smaller lease units have a high standard and include a broad range of different types of tenants. More than 70 specialty shops and large stores attract a broad range of customers.