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Asset Sale: Acquiror's Counsel

Roschier represented Genesta Property Nordic Finland Oy in the acquisition of the office property Fabianinkatu 9 used as Metso's head office

25 Nov 2016

Roschier represented Genesta Property Nordic Finland Oy, a Nordic property fund specializing in commercial real estate in the Nordic countries, in the EUR 19.6 million acquisition of the office property Fabianinkatu 9, located in the city center of Helsinki and used as Metso's head office, from Metso Corporation, a publicly traded (Nasdaq Helsinki) global industrial company with net sales of approximately EUR 2.9 billion in 2015.

Roschier represented Hemfosa Fastigheter AB in the EUR 55 million acquisition of two community service properties from NV Property Fund I Ky

25 Nov 2016

Roschier represented Hemfosa Fastigheter AB (publ), a listed (Nasdaq Stockholm) property company owning and managing properties valued at more than EUR 3 billion, in the EUR 55 million acquisition of two community service properties, encompassing approximately 37,000 sqm leasable area, from NV Property Fund I Ky, a Finnish property fund, whose investors included the pension insurance company Varma, the life assurance company Nordea Livförsäkring Finland and the Finnish State Pension Fund.

AG advises on acquisition of The Mall shopping centre in Camberley

24 Nov 2016

Addleshaw Goddard's Corporate and Real Estate teams have advised Surrey Heath Borough Council (SHBC) on its £86m acquisition of The Mall Shopping Centre in Camberley from Capital & Regional.

The off-market deal is one of the largest local authority-backed town centre investment initiatives of recent years and is the latest of a number of acquisitions by SHBC into Camberley town centre as part of its ongoing plans to invest upwards of £150m into the regeneration of the town centre.

Red Industries Buys Non-Hazardous Landfill Business From Tarmac

24 Nov 2016

Irwin Mitchell has advised on a deal which has seen waste management service company, Red Industries, acquire the non-hazardous landfill business from Tarmac.

The landfill business takes mixed non-hazardous commercial and industrial waste and represents a strategic acquisition to Red Industries allowing the Group to offer the collection and disposal of a wider range of waste streams to existing clients, as well as growing the newly acquired business organically through a more targeted marketing strategy, driving growth in revenue streams.

Dentons advises GLL Real Estate Partners on acquisition of Budapest’s Váci 1

23 Nov 2016

Dentons has advised GLL Real Estate Partners, a Munich-based international real estate investor and asset manager, on the acquisition of Váci 1, a landmark retail and office building in downtown Budapest for a separate account mandate from Bayerische Versorgungskammer. Horizon Development, a Hungarian real estate development, property management, leasing and marketing company, sold a 100 percent ownership stake in the Váci 1 building.

Paul Hastings advised BKW in connection with the acquisition of four wind farms

23 Nov 2016

Paul Hastings LLP has advised BKW Group in connection with the acquisition of four wind farms and an option for a potential fifth acquisition from Samfi Invest Group.

BKW, which specializes in energy and infrastructure, is a leader in the operation of wind power plants in Switzerland and abroad. The Group employs nearly 5000 people in subsidiaries around the world. Its wind farm represents a total capacity of nearly 440 MW for a production of 660 GWh.

Clifford Chance advises Family Office on the acquisition of a listed office building in Berlin

22 Nov 2016

Clifford Chance advised a foreign Family Office on the acquisition of a listed office building located in Mauerstraße 85, Berlin-Mitte. The vendor was represented by SHI Management GmbH, a Munich-based portfolio and asset manager.

The historic building is located in the neighbourhood of "Checkpoint Charlie" and deemed the oldest building in the street, it was comprehensively renovated by Dussmann group in the mid-1990ies. The building covers more than 2,700 sqm and is fully let to the BKK (statutory health insurance) umbrella organisation under a long-term lease.

Clifford Chance advises Amundi Real Estate on the acquisition of two hotels in Vienna

22 Nov 2016

Clifford Chance advised an investment fund of French asset manager Amundi Real Estate on the acquisition of two hotel projects from UBM Development AG. The two hotels form part of AccorHotels Group and are scheduled for opening in summer 2017. They were sold at a fixed price by way of a forward deal. The purchase of the turnkey hotels is subject to completion of the usual Closing conditions and will become effective upon hand-over of the hotels in summer 2017.

Roschier represented M7 Real Estate in the acquisition of a real estate portfolio

21 Nov 2016

Roschier represented M7 Real Estate, a leading pan European real estate asset manager with a portfolio consisting of over 500 assets with a capital value of over EUR 2.1 billion, in the acquisition of a real estate portfolio consisting of 12 properties from Real Estate Fund Finland I Ky, a fund managed by OP Property Management Ltd. OP Property Management Ltd is one of the largest real property managers in Finland with more than 770,000 sqm leasable premises under management.

The transaction represented M7's entry on the Finnish real estate market.