Clifford Chance advised international Investor Global Asset Capital on the sale of their office building "Stettiner Carree" in Berlin-Mitte to Allianz Real Estate Germany. The investment totals EUR 210 million.

Stettiner Carree was built on the site of the former railroad station of the suburb Stettin in 2004 and Deutsche Bahn AG is a long-term tenant. The seven-storey building covers approx. 61,500 sqm of office space and an underground car park.

The property team at law firm Hill Dickinson has advised on the sale of four historic buildings in Manchester’s Albert Square.

Led by partner and Manchester property team head, Michael Blakey, Hill Dickinson advised The Wrather Group on the sale of a property portfolio worth £17m to London based investors, LJ Group.

Olswang has acted for leading UK mid-market private equity specialist Graphite Capital together with the other shareholders on the sale of The Groucho Club, London's premier arts and media members' club, to its current management team.
 

A team of Noerr’s Real Estate Investment Group has advised the real property fund manager Activum SG on the sale of the Atrium office complex in Leipzig. The purchaser is the Vienna-based FLE GmbH, a subsidiary of the French LFPI Group.

Hogan Lovells has advised the BBC on an £87 million deal for the sale and sublet of its West London Media Village to British developer Stanhope and Japanese property giant Mitsui Fudosan. The sale, which completed on 4 June, is part of a major initiative that will see the BBC save an estimated £75 million a year on property costs by 2017.

Roschier represented Herkules Private Equity Fund III in the sale of Espresso House to JAB Holding Co. Espresso House is a leading Nordic coffee shop chain with 193 coffee shops across Sweden and Norway and about 1,900 employees.

Clifford Chance advised Babcock & Brown LP Retail 39 S.à r.l. & Co. KG und Babcock & Brown LP Retail 40 S.à r.l. & Co. KG on the sale of the Arabella Center Frankfurt. It was agreed not to disclose the purchase price.

The Arabella Center Frankfurt is situated at the Frankfurt business district Niederrad and consists of an office building, a residential building, a hotel and a shopping gallery. The area also comprises parking slots and an underground carpark.

Baker & McKenzie advised HOCHTIEF on selling all offshore assets to international marine contractor and long-term partner GeoSea, part of the Belgian DEME Group. The deal included the sale of several modern and highly specialized offshore jack-up vessels. The transaction was basically completed by the end of last week.

Eversheds has advised Aberdeen Asset Management on the sale of Bedfont Lakes Office Park to M&G Real Estate. The purchase price was £167m, representing a net initial yield of 5.44 per cent.

The 374,661 sq ft office park is located less than one mile from Heathrow Airport and 15 miles west of central London. Current tenants include a range of both national and international companies such as BP International, Birds Eye Iglo, Targus Europe and Stratus Technologies Systems Ltd.

IBM Sverige AB has agreed to divest its office in Kista, Sweden, to the real property holding and development companies Areim and Skanska. The divestment is pending Stockholm municipality’s approval of a land appointment agreement and adoption of a new zoning plan for the area. The property and land formerly housed IBM’s headquarters in Sweden and will be developed into a new residential district comprising approximately 2,000 apartments, including student housing.