Global law firm Herbert Smith Freehills has advised Patrizia Frankfurt Kapitalverwaltungsgesellschaft mbH (formerly known as Triuva Kapitalverwaltungsgesellschaft mbH) on the sale of the Metro AG corporate headquarters in Düsseldorf to Arminius Kapitalgesellschaft mbH.

The property comprises seven buildings with a total rental area of more than 75,000 square meters, spread over a plot of land measuring approximately 45,000 square meters. Metro AG uses the property as its corporate headquarters.

Baker McKenzie assisted Savills Investment Management SGR in the operation for increasing the real estate area of Comparto Centronord of the multi-sector real estate AIF called "Mercury", managed by Savills IM, through a transfer operation of a portfolio of eight supermarkets located between Emilia Romagna and Lombardy.

Ashurst advised all institutional sellers on the disposal of open-ended real estate funds special fund (AIF) BEOS Corporate Real Estate Germany I to Helaba Invest Kapitalverwaltungsgesellschaft mbH. The specialty funds currently holds 21 commercial properties all over Germany for institutional investors. In the course of the transaction the fund shares were transferred instead of the properties (Anteilscheingeschäft). The purchase price amounted to more than € 500 million.

Herbert Smith Freehills has advised Vicinity Centres on the sale of a portfolio of ten shopping centres to SCA Property Group (SCP) for A$573 million.

Settlement of nine of the shopping centres (Bentons Square and The Gateway in Victoria, Lavington Square and West End Plaza in New South Wales, North Shore Village and Oxenford Village in Queensland, Kalamunda Central, Stirlings Central and the Warnbro Centre in Western Australia) occurred on 10 October 2018. Settlement of Currambine Central in Western Australia occurred on 20 November 2018.

De Brauw was lead counsel to ABN Amro on the spin-out and sale of part of its private equity activities. Find details to the deal below.

Client name
ABN AMRO

Other parties involved
AlpInvest, LGT, Five Arrows (FASO), Bregal, Capital A

Nature of transaction

CMS has advised Inypsa Renovables on the sale of three photovoltaic plants.

We advised Inypsa Renovables on the sale of three photovoltaic plants to Eliantus, a company of the firm Eland Private Equity. This new deal reaffirms CMS as a leading firm in the energy market, in particular in the industry of solar power.

Our team was formed by: Abraham Nájera y Javier Leyva, partner CMS; Jacobo Otero, senior associate CMS; Carlos Tallón, Jorge Peño y Celso Méndez, associate CMS.

LONDON – Reed Smith has advised Telereal Trillium, one of the UK’s largest property companies, on the corporate sale of the Hayhill Portfolio to Elite UK Commercial Limited for £282.15 million.

The portfolio, legally and beneficially held by London Wall Outsourcing Holdings Limited, has a combined annual rent of £23.29m and comprises of 97 regional offices let to the Department for Work and Pensions (DWP) on new, 10-year FRI leases, commencing on 1 April 2018.