DWF advised leading real estate investment trust (REIT) NewRiver Retail Limited on six key transactions that saw the business invest £18.26 million and dispose of three retail assets totalling £5.53 million.

The AIM listed REIT, has acquired the Lower Audley Street Retail Park in Blackburn from a private property company for a total of £14.6 million; the freehold interest of a 10,591 sq. ft. retail unit, let to Staples, on Sealand Road in Chester; and Felixstowe’s only retail warehouse unit for £1.56 million.

Dentons advised Geo Renewables on the sale of shares in a company the owner and operator of a 38 MW wind farm in Wroblew in central Poland, to IKEA Group.

Ashurst advised IVG Institutional Funds GmbH on the sale of a portfolio consisting of two separate funds to an investment fund of Ares Management, L.P. group. The portfolio consists of eight properties located in Germany, UK, the Netherlands, France, Poland and Sweden and provides for approx. 53,000 sqm lettable space. According to media reports the deal, valued at over €100 million, is one of the first transactions since the financial crisis of a pan-European office portfolio.

Clifford Chance advised Union Investment Real Estate GmbH on the sale of the Laim 290 office building in Munich to an institutional investor. Union Investment is selling the property from its open-ended UniImmo: Deutschland fund.

The property, located on the busy Landsberger Strasse in Munich, is a seven-storey office and commercial building with 10,381 square metres of rental space.

The Clifford Chance team comprised partner Cornelia Thaler and senior associate Dennis Blechinger (both Real Estate, Frankfurt).

Slaughter and May advised the Ministry of Defence (MoD) on its sale of the Government Pipeline and Storage System (GPSS) to Companía Logística de Hidrocarburos (CLH) for £82 million, which was announced on 20 March 2015. CLH is planning to commence operation of the GPSS on 30 April 2015.

Norton Rose Fulbright has advised SAS, the Scandinavian airline, on the exchange of two sets of weekly take-off and landing slot pairs at London Heathrow Airport to two major international air carriers.

As a result of the exchange, SAS will now have 19 daily slot pairs at London Heathrow and remains the fifth largest airline operating at London Heathrow, by number of weekly departures.

Norton Rose Fulbright is advising BOURBON on the sale and bareboat charter of 8 vessels to Minsheng Financial Leasing Co. for a total amount of approximately US$202 million.

Bourbon, a leading service provider in the offshore oil and gas industry, announced in December 2014 the transfer of ownership of the first 3 vessels to Minsheng Financial Leasing Co. The remaining 5 vessels will be transferred to MFL during 2015. This operation is part of Bourbon’s strategic plan “Transforming for beyond”.

A/S Haahr Benzin has sold its 43 unmanned service stations to Danske PN ApS, which is a part of the German Mabanaft Group.

The Haahr Benzin Group has since 2007 built up a network of 43 unmanned service stations under the brand ’Haahr Benzin’, which have been strategically located throughout Denmark.

The owner of the Haahr Benzin Group, Managing Director Olaf Haahr, wished to sell his network of service stations to a potential buyer who could run and develop the network under the Haahr brand.

Ashurst advised Hamburgische Immobilien Handlung GmbH ("HIH") on the sale of the Triforum building complex in Cologne. HIH sold the hotel and office property on behalf of Warburg-Henderson Deutschland Fonds Nr. 1 to real estate fund manager Internos who bought the property for the special fund Real Value Plus, managed by Master-KVG Institutional Investment Partners.

Real property company Norrporten has sold its three properties in HafenCity in Hamburg city center to Pembroke Real Estate. The divestment is part of Norrporten’s strategy to focus on the Swedish market and Copenhagen.

The three properties, Hamburg America Center, Coffee Plaza and Skai, comprise over 32,000 square metres of modern office space and are located in the fully developed part of HafenCity in Hamburg city center.