Castellum’s wholly owned subsidiary Fastighets AB Briggen has divested the Hansa shopping mall in central Malmö to Areim. Hansan consists of two properties comprising 40,500 square metres of retail, office, garage, residential and education facilities. The sales price amounted to SEK 609 million after reduction for assessed deferred tax and transaction costs of SEK 27 million.
Clifford Chance has advised UK Asset Resolution Limited (UKAR) on the sale of a portfolio of performing residential mortgage loans worth £2.7bn to a consortium made up of J.P. Morgan and British specialist lender Commercial First.
UKAR is the holding company established to bring together the government-owned business of Bradford & Bingley plc and NRAM plc, which were brought into public ownership in 2008. The transaction is UKAR's largest asset sale since its establishment in 2010.
Getreide AG based in Rendsburg (Schleswig-Holstein) is selling its agricultural trade business to the Danish company Dava Agravis International Holding A/S. The takeover is to take place on 1 February 2015, after approval by the antitrust authorities. The legal adviser to Getreide AG during the transaction was Luther Rechtsanwaltsgesellschaft mbH.
Freshfields Bruckhaus Deringer has advised Heathrow Airport Holdings Limited on an agreement to sell its 100% interest in Glasgow Airport, Aberdeen Airport and Southampton Airport for approximately £1,048mn in cash and assumed debt payable on closing, to a consortium formed by Ferrovial S.A. (through its subsidiary Ferrovial Aeropuertos) and Macquarie European Infrastructure Fund 4.
Berwin Leighton Paisner (BLP) has acted for Stenham Property on the sale of interests in properties with a value of approximately €667m to Stenprop Limited (formerly known as GoGlobal Properties Limited), a vehicle listed on the Bermuda Stock Exchange and the Johannesburg Stock Exchange’s AltX market.
The transaction also included the acquisition of related property management businesses previously servicing funds managed by Stenham and GoGlobal.
Mills & Reeve real estate team has advised Manchester Metropolitan University on the sale of its Hollings site. The 3.7 acre site in Fallowfield, which is affectionately known as the "toast rack", has been bought by developer Estrela Properties for £5 million.
The sale of the site, which includes a grade II listed building, is part of MMU’s consolidation of its operations from seven campuses to two - around Oxford Road and at the new Birley Fields site in Hulme.
Wragge Lawrence Graham & Co's energy specialists have helped RGE Energy UK (RGE) secure the sale of a 6.4 MW solar PV project. The site, in Ceredigion, South Wales, has been acquired jointly by sPower, a leading renewable energy provider, and Camborne Capital, a prominent UK solar developer.
A cross-firm team led by director Gareth Baker advised RGE, a developer specialised in solar PV, on the corporate, planning, real estate and tax issues relating to the disposal.
Freshfields Bruckhaus Deringer has advised a consortium including iCON Infrastructure Partners, Antin Infrastructure Partners and OP Trust, the ultimate owners of Porterbrook Rail Finance Limited, one of the three major rolling stock leasing companies in the UK, on an agreement to sell their indirect interests in the company to a global investment consortium.
The purchaser consortium comprises Alberta Investment Management Corporation, Allianz Capital Partners, EDF Invest and Hastings Funds Management.
Loyens & Loeff advised PLC Born Holding on the sale of a logistics centre located in Born (the Netherlands), for a total consideration of EUR 24.75 million. The purchaser of the property is Prologis European Logistics Partners Sarl.
The Loyens & Loeff team was led by Leen van der Marel, Gerton Rademaker and Pieter Jonkers.
Noerr has advised Deutsche Annington Immobilien SE on today’s agreement to sell a part of the former Vitus portfolio to a subsidiary of LEG Immobilien AG. The transaction involves around 9,600 residential units in North Rhine-Westphalia and the associated asset and property management of Vitus.