Slaughter and May advised Legal & General on the sale of eight properties from its Hyperion portfolio. The Hyperion portfolio was acquired earlier this year for £550 million and comprised 55 properties largely let to RBS or members of its group.
Burges Salmon has advised renewable electricity company Good Energy Group PLC on its disposal of a consented solar project.
The disposal comprised the sale of its 100 per cent shareholding in a group subsidiary which holds the consented 49.9MW solar site in West Raynham, Norfolk to a member of the Trina Solar group which completed at the beginning of August.
The solar project was sold for between £3.4 million and £6.8 million. The final figure will depend on when the site is commissioned.
Linklaters has advised a subsidiary of Canadian real estate company Ivanhoé Cambridge on the sale of the Theresie building complex in Munich to Deka Immobilien GmbH. The parties signed a sale and purchase agreement on 1 August 2014. The complex of six buildings with different occupancies located in the Theresienhöhe district offers a gross leasable area of approx. 70,000 square meters and has currently about 40 commercial tenants.
Frankfurt/Main - US technology company Bruker Corporation is selling its Inductively Coupled Plasma Mass Spectrometry (ICP-MS) business to Analytik Jena AG. The acquisition is expected to close in September. The purchase price was not disclosed. As part of the asset deal, Analytik Jena will acquire patents, licensing rights, global research, development and production capacity as well as most of the employees in the ICP-MS division.
Taylor Wessing has advised its client Heron International on the sale of its prime development site, Heron Plaza, to Singaporean UOL Group Limited for £97m.
Ashurst has advised Fitness First Australia Limited (Fitness First) in the A$32.5 million sale of its Western Australia-based gyms.
Fitness First sold its portfolio of eight gyms to ASX-listed company Ardent Leisure, one of the largest multi-faceted leisure retailers in Australia. Ardent Leisure has funded the acquisition via a $50 million underwritten placement, and the deal is due to complete in early September 2014.
CMS advised Dixons Retail plc ("Dixons"), one of Europe's leading specialist multi-channel electrical retailer and services companies, on the sale of its ElectroWorld operations in the Czech Republic and Slovakia to Slovak electronics retailer NAY a.s.
ElectroWorld operations comprise 22 stores in the Czech Republic and 4 in Slovakia, which for the financial year running to 30 April 2014 generated a turnover of GBP 129 mln.
Clifford Chance has advised METRO Properties, Düsseldorf, the real estate company of METRO Group, on the sale of parts of METRO headquarters to IVG Institutional Funds GmbH. The parties have agreed not to disclose the purchase price.
The headquarters, the so-called METRO Campus, is located in Düsseldorf's district of Grafenberg. The area sold consists of a total of seven buildings with approx. 75,500 sqm leased space and is rented out to METRO group under a long-term sale and lease back contract.
Law firm Eversheds has advised Reckitt Benckiser on the sale of Scholl Footwear to the AURELIUS Group.
Under the agreement, Reckitt Benckiser has agreed to sell its Scholl footwear business to Aurelius Group.
AURELIUS’ investment will support the development of Scholl footwear through organic growth focused on new product offerings and expansion into new markets. The transaction is subject to regulatory approval and to the completion of a Works Councils’ consultation process
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised PNE WIND AG (“PNE”) on the sale of two onshore wind farms in Germany to a Luxemburg special fund administered by the CHORUS Group on all relevant legal and tax matters.