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Asset Sale: Acquiror's Counsel

Clifford Chance advises on acquisition of Chevron's geothermal assets in South East Asia

03 Jan 2017

Singapore: Leading international law firm Clifford Chance has advised a consortium comprising Star Energy Group Holdings Pte. Ltd., Star Energy Geothermal Pte. Ltd., AC Energy Holdings, Inc. (a subsidiary of Ayala Corporation) and Electricity Generating Public Company Limited on the entry into binding agreements to acquire global energy provider Chevron's geothermal operations in Indonesia and the Philippines.

The assets in both countries include geothermal fields with a combined capacity to generate more than 1100 MW of electricity and steam.

WFW advises Cerberus on its acquisition of Prudential’s Spanish PV portfolio

23 Dec 2016

International law firm Watson Farley & Williams (“WFW”) has advised Cerberus Capital Management (“Cerberus”) on their acquisition of Prudential’s Spanish photovoltaic portfolio, Infracapital Partners. With a total installed capacity of 36.4 MW the portfolio acquired by Cerberus comprises the Tordesillas, Valtierra I & II, Valtierra III, Fontellas and Lasesa PV plants.

Osborne Clarke advises John Laing Investments on its acquisition of wind farm from Spanish firm Gamesa

23 Dec 2016

Osborne Clarke has advised key client, John Laing Investments on its acquisition of a wind farm based in Wales, from Spanish firm Gamesa. The financing of the acquisition was partly provided by Santander Global Corporate Banking, and was one of the last large onshore deals to attract a Renewable Obligation Certificate before they close in March 2017.

Olswang advises Iliffe Media on its £17 million acquisition of 13 UK local newspaper titles from Johnston Press plc

23 Dec 2016

Olswang has advised Iliffe Media, the publisher owned by the Hon. Edward Iliffe, on its acquisition of 13 local newspaper titles and associated websites in East Anglia and the East Midlands from Johnston Press plc. The titles acquired by Illiffe Media include the Bury Free Press, Grantham Journal, Spalding Guardian and Stamford Mercury.

Pandox acquires seven hotels in Germany, Austria, and Netherlands for €415 million (US$440 million)

22 Dec 2016

Jones Day advised Pandox AB in its €415 million (US$440 million) acquisition of seven hotels in Germany, Austria, and the Netherlands, from Invesco Real Estate European Hotel Real Estate Fund II FCP - SIP. The acquisition comprises the following hotels:  NH Collection Hamburg, NH Frankfort Airport, NH Munich Airport, Radisson Blu Cologne, NH Salzburg, NH Vienna, and Park Hotel Amsterdam.

In addition to M&A representation, Jones Day provided antitrust and regulatory advice regarding this transaction.

Clifford Chance advises Amundi on the aquisition of office complex in Frankfurt

22 Dec 2016

Clifford Chance has advised a fund managed by French asset manager Amundi Real Estate on the acquisition of the office complex located at Querstraße 8-10 in Frankfurt.

The seller was a real estate fund of Credit Suisse, which successfully added value to the asset by leasing up vacancies including technical improvements. The parties have agreed not to disclose the purchase price.

DLA Piper advises Oakley Capital on acquisition of Casa.it and atHome.lu

22 Dec 2016

DLA Piper  has advised Oakley Capital on its investment into and acquisition of Casa.it and atHome.lu, both wholly-owned subsidiaries of REA Group (ASX:REA).

Oakley Capital Private Equity III (Fund III) has agreed to acquire a portfolio of European real estate websites including Casa.it in Italy and atHome.lu in Luxembourg (collectively "the business"). Oakley is backing the existing management team to acquire the business in a carve-out from its parent company, REA Group. The transaction is expected to complete during Q1 2017.

Delphi advisor to Circle K AB in property sale

21 Dec 2016

Delphi has advised Circle K AB in connection with the sale of the property Nynäshamn Kalvö 1:24 to Stendörren Fastigheter AB.

The property comprises of approximately 57,000 square meters with about 9,000 square meters fully let premises in Nynäshamn’s harbor area.

Delphi has been advisor to Circle K AB in the transaction through Nina Persson (responsible partner) and Katarina Häggqvist.

Real Estate experts advise M&G Real Estate on A$220 million acquisition of Melbourne shopping centre

21 Dec 2016

Herbert Smith Freehills has advised M&G Real Estate Asia PTE on the acquisition of Casey Central Shopping Centre, a 28,700sqm retail complex south east of Melbourne.

M&G Real Estate Asia PTE, one of the world’s largest property investors with a 25 per cent stake in Westfield Doncaster, purchased the shopping centre from the Scentre Group for an estimated A$220 million.

Clifford Chance advises Redevco on the acquisition of "A2 Center" in Hanover and of two further retail parks

19 Dec 2016

Clifford Chance advised Redevco, a real estate investment management company specialised in retail property, on the acquisition of the "A2 Center" in Hanover and of two further retail parks in Berlin and Gründau-Lieblos near Hanau, Germany.

Seller of the real estate with a total area of 63,500 sqm are property companies of Krieger-Bau-Gruppe. The transaction is subject to antitrust clearance.