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Asset Sale: Acquiror's Counsel

Dentons advises AmRest on the acquisition of Kentucky Fried Chicken restaurants in Germany

06 Dec 2016

The restaurant operator will acquire 15 equity restaurants operated under the KFC systems

Frankfurt—Global law firm Dentons advised AmRest Holdings SE on its acquisition of 15 Kentucky Fried Chicken restaurants in Germany. Under the signed agreement, which is expected to take effect in the first quarter of 2017, Amrest will acquire the restaurants as well as the license to operate and develop the KFC brand in parts of Germany. The estimated purchase price is €10.3 million.

Gleiss Lutz advises Rockspring Property Investment Managers LLP on the acquisition of the Flora Park shopping centre in Magdeburg

05 Dec 2016

Gleiss Lutz has advised Rockspring Property Investment Managers LLP (“Rockspring”) on their acquisition of the Flora Park shopping centre in Magdeburg on behalf of property fund TransEuropean Property Limited Partnership VI for EUR 117 million. The seller is London investment manager Chenavari.

Blackstone Acquires IDI Gazeley Portfolio

30 Nov 2016

Simpson Thacher is representing Blackstone in connection with its acquisition of a portfolio of six logistics assets from IDI Gazeley. The properties are located in Italy and Spain and have approximately two million square feet of space. The transaction closed on October 31, 2016.

The Simpson Thacher team includes Wheatly MacNamara, Tom Lloyd, Patrick Dowd, James Esterkin, Sneha Shah and Gavin Mooney (Corporate).

Setterwalls has assisted Aquila Capital in its acquisitions of wind farms from OX2 Group AB

29 Nov 2016

Setterwalls has assisted Aquila Capital in its acquisitions from OX2 Group AB of the wind farm projects Lehtirova and Högkölen with in total 213 MW and 59 turbines to be constructed. Lehtirova is one of the largest wind farms in the Nordics, and is situated between Gällivare and Pajala in northern Sweden. Setterwalls has also assisted in the power purchase agreement with Google for Lehtirova. The projects are acquired as ready-to-build-projects from OX2 and the construction projects will be executed as EPC projects.

Mayer Brown advises Chuang’s China Group on its first UK acquisition

28 Nov 2016

Mayer Brown has advised Hong Kong investors, Chuang’s China Group, on the purchase of 10 Fenchurch Street, London. The property is Chuang’s first acquisition in London.
 
The 73,500 sq ft building, purchased for £80 million from Standard Life, is let to multiple tenants, including Hannover Services, Sugarman Group, Apptio Europe, Atradius and Matthews Daniel International.

Olswang advises Benson Elliot on its purchase of Slough Retail Park

28 Nov 2016

Olswang has advised private equity real estate fund manager Benson Elliot Capital Management LLP on its purchase of Slough Retail Park from Standard Life Investments.

Developed in 1998 and with eight retailers, including Carpetright, DFS and The Range, currently housed within its 151,000 sq ft of lettable space, the acquisition of Slough Retail Park takes Benson Elliot’s total retail holdings in the UK above 1.7 million sq ft.

Norton Rose Fulbright advises Joy City on RMB1.4 billion acquisition of Parkside Plaza

28 Nov 2016

Norton Rose Fulbright has advised Spring Wisdom Limited, a subsidiary of Joy City Property Limited, on its acquisition of a company holding the retail asset Parkside Plaza valued at approximately RMB1.4 billion from Grosvenor Asia Pacific, the regional operating arm of privately-owned international property group Grosvenor.

Slovakia: Schoenherr advises IMMOFINANZ on the acquisition of six STOP SHOP retail parks

25 Nov 2016

Schoenherr has advised IMMOFINANZ AG ("IMMOFINANZ") on the expansion of its STOP SHOP retail park portfolio in Slovakia through the acquisition of six shopping centres from the Austrian WM Group. The financial terms of this transaction will not be disclosed. The framework purchase agreement was signed on 28 October 2016, with closing of the transaction expected in the first quarter of 2017.