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Asset Sale: Seller's Counsel

Eiendomsfond Tyskland I AS (EFT) divests Berlin real property portfolio

13 Jan 2015

Eiendomsfond Tyskland I AS (EFT), a fund managed by IPI Management AS, has divested its portfolio comprising 43 residential properties in Berlin to the ADO and Harel groups from Israel for EUR 127.5 million.

The Norway-based IPI Group is focused on setting up funds focusing on property development and the acquisition and management of real property in England, Spain, Germany and Norway. The EFT fund was launched in 2006.

Firm Advises on the Disposal of a 40 Megawatt Windpark in Zölkow to RheinEnergie

12 Jan 2015

Simmons & Simmons has advised a Danish investor on the disposal of a 40 megawatt Windpark in Zölkow, Mecklenburg-Western Pomerania to RheinEnergie.

Commenting on the transaction, partner Stephan Ulrich said: ‘‘We were pleased to assist in this transaction which further demonstrates the strength of our position and the renewables experience of our M&A team.’’

Dentons advises Skanska on disposal of a flagship office building in Wroclaw, Poland

09 Jan 2015

Dentons’ Real Estate team acted as legal counsel to Skanska Property Poland on the preliminary sale of its office building Dominikanski in Wroclaw, Poland, to Union Investment, the Hamburg-based real estate investment manager.

Dentons’ Real Estate team acted as legal counsel to Skanska Property Poland on the preliminary sale of its office building Dominikanski in Wroclaw, Poland, to Union Investment, the Hamburg-based real estate investment manager.

Borenius Advised Taaleritehdas in the Sale of a Portfolio Consisting of Taaleritehtaan Asuntorahasto I Ky and Taaleritehtaan Asuntorahasto III Ky

06 Jan 2015

Taaleritehdas Plc is an investment management company focusing on private banking, asset management, private equity and financing services. The company is listed on the NASDAQ OMX Helsinki First North Finland. Taaleritehdas agreed on 22 December 2014 to sell two real estate funds operated by it to LähiTapiola Keskinäinen Vakuutusyhtiö and LähiTapiola Keskinäinen Henkivakuutusyhtiö.

Sale of the headquarter of the newspaper La Nazione: NCTM Studio Legale Associato with Poligrafici Real Estate S.r.l. in the sale of the headquarter of the newspaper la Nazione, in Florence, Italy

05 Jan 2015

NCTM Studio Legale Associato has assisted Poligrafici Real Estate S.r.l. in the sale of the real estate property of the La Nazione, located in Florence, Italy,
to the fund named Pacific 1 managed by BNP Paribas Real Estate Investments Management.

The total value of the deal amounted to 36.295 million euro, creating a consolidated capital gain, net of tax, of 14 million euro.

Houthoff Buruma advises the Dutch Retail Fund of CBRE Global Investors

30 Dec 2014

Houthoff Buruma advised the Dutch Retail Fund of CBRE Global Investors on the sale of a retail portfolio consisting of 14 shopping centres located in the Netherlands with a total rental space of 107.500 m2 to the private equity investor Blackstone. The assets become a part of the portfolio of Blackstone's subsidiary Multi. The deal value amounts to € 240 million.

Houthoff Buruma team included: Jan Cees Kuiken, Ester de Boer