Setterwalls has assisted Arise AB (publ) in connection with its sales of the operational wind turbine park Stjärnarp to KumBro Vind. The latter company is co-owned by the Municipalities of Örebro and Kumla.
Setterwalls' team included Jonas Frii, Elin Hjort and Tove Skärblom.
Herbert Smith Freehills has advised Moorfield Real Estate Fund (MREF) and Moorfield Real Estate Fund II (MREFII) on its sale of a diversified real estate investment portfolio to Lone Star Real Estate Fund III (LSREFIII) for c.£1 billion.
According to Marc Gilbard, Chief Executive Officer of Moorfield Group (Moorfield), this is the largest transaction that Moorfield has undertaken in its corporate history and is a very effective way for MREF and MREFII to realise the majority of their investments.
DLA Piper has advised Aviva Commercial Real Estate Finance (Aviva), and multiple officeholders appointed by Aviva, on the disposal of a distressed portfolio of 180 mixed use properties located across the UK to Kennedy Wilson Europe Real Estate Plc (KWE) for £503 million. KWE's acquisition of the portfolio is expected to complete at the end of January.
Castellum’s wholly owned subsidiary Fastighets AB Briggen has divested two properties in Malmö to MKB Fastighets AB for SEK 237 million. The main property comprises 40,500 square metres of storage, office, industrial and mixed-use facilities for, among others, healthcare and education providers.
Baker & McKenzie advised the Air Liquide-Group on the sale of its polymer technology business to the French plant engineering company Technip. The transaction is expected to close by year-end, subject to customary approval.
Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. The sale is subject to regulatory approval and is expected to be completed in 2015.
McCann FitzGerald have advised Moran & Bewley’s Hotel Group on the sale of a hotel portfolio to Dalata Hotel Group plc (subject, inter alia, to Dalata shareholder approval and approval of the Competition and Consumer Protection Commission in Ireland) for an enterprise value of €455 million. The sale covers a portfolio of nine hotels comprising over 2,500 rooms across five locations in Ireland and four locations in the UK.
Herbert Smith Freehills has advised Pacific Basin Shipping on the sale of its shareholding in PB Towage Australia (PBTA) and a harbour tug and barge owned by another of its subsidiaries to Smit Lamnalco.
The combined AU$74 million sale of PBTA, which includes its harbour towage operations and 16 harbour tugs and the additional harbour tug and barge, marks Pacific Basin's exit from its harbour towage business and activities.
Freshfields Bruckhaus Deringer has advised Sateri Holdings on the disposal of its viscose staple fiber business in mainland China. Sateri Holdings is one of the world’s largest speciality cellulose producers. The deal, which closed yesterday, saw the assets being disposed of for a total value of US$591m.
The Freshfields team was led by Hong Kong corporate partner Grace Huang.
Clifford Chance has advised Apache Corporation (NYSE: APA) on the sale of its interests in the Wheatstone and Kitimat LNG projects to Woodside Petroleum Limited (ASX: WPL) for a purchase price of US$2.75 billion.
The Houston-headquartered oil and gas exploration and production company has agreed to sell its interests in Wheatstone LNG in Western Australia and in Kitimat LNG in Canada, along with accompanying upstream oil and gas reserves, to Woodside.