Eversheds has advised Dairy Crest on the proposed sale of its Dairies operations to Müller UK & Ireland Group for £80m. Under the terms of the deal, Müller will acquire Dairy Crest's entire Dairies’ operations, including factories at Foston, Derbyshire; Chadwell Heath, Essex, and Severnside, Gloucester as well as 72 depots.
Watson, Farley & Williams (“WFW”) has advised the DIF Renewable Energy Fund in relation to the sale of nine German onshore wind farms to Allianz Renewable Energy Fund. WFW provided comprehensive advice to DIF on all relevant legal aspects of the transaction.
The operational wind farms are located in the federal states of Saxony-Anhalt, Saxony, Hesse, Brandenburg and Mecklenburg-West Pomerania and have a total installed capacity of 57 MW.
Noerr advised Cemex, one of the leading building materials suppliers worldwide, on an international shareholding exchange with its competitor Holcim. The various transactions have now been signed in Frankfurt, since the cartel authorities have consented.
DLA Piper has advised Israel Chemicals Limited, Tel Aviv, Israel (ICL), an international chemical concern, on the sale of ICL's aluminum, paper chemicals and water treatment business (APW Business) to the Japanese corporation Kurita Water Industries Ltd. (Kurita).
Houthoff Buruma advised AutoBinck Holding and its subsidiary Greenib Car, the first European trading partner of Hyundai, in relation to the sale of the Hyundai importership activities in the Netherlands, to Hyundai Motor Netherlands, a wholly owned subsidiary of Hyundai Motor Company.
Ashurst acted as the legal advisor for Hyundai Motor Company and Hyundai Motor Europe, the European headquarters of Hyundai.
Houthoff Buruma team included: Walter van Overbeek, Mohammed Almarini
Baker & McKenzie advised Bankia and Banco Financiero y de Ahorros (BFA), the state-owned holding company which controls Bankia, on its first sale of non-performing real estate loans to a foreign investor.
The portfolio of 419 loans was sold to hedge fund Chenavari and is one of the major loan divestments of 2014. The sale allows Bankia to reduce its non-performing loan book and improve its liquidity position.
The deal is known as Project Sky. Partner Rafael Bazán led the team, assisted by Sara Pérez and Fátima Prieto.
Clifford Chance has advised GLL GmbH & Co. Messeturm Holding KG, Munich, on the sale of the Messeturm building in Frankfurt by way of a share deal. The office tower was sold to US financial investor Blackstone. The parties agreed to maintain silence about the purchase price.
Clifford Chance has advised a fund managed by Carlyle on the sale of Admiralitätskontor, Hamburg, to AEW Europe who acquired the real property for the manage-to-core fund Europe Value Investors (EVI).
The Admiralitätskontor office building is located in Hamburg's city and comprises office space of approx. 8,140 sqm and 86 parking spaces.
Real Estate sector experts from Burges Salmon have advised property development and construction group Skanska UK on an £8 million residential development land sale.
The Burges Salmon team, led by Real Estate partner Ross Polkinghorne, advised Skanska on all real estate aspects of the transaction to Kersfield Developments Limited. The site is in the city of Bath and has been sold with planning permission for 39 homes.
The Ulla Åberg estate has signed an agreement to divest Hugo Åbergs Fastighetsförvaltning to Akelius Fastigheter. The transaction includes eight real properties in Malmö comprising more than 2,000 residential apartments and about 150 commercial units, including the 27-storey Kronprinsen, one of Malmö’s most well-known landmarks. The purchase price has not been disclosed, however, property experts report that this is the single largest real property transaction ever in Malmö.