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Asset Sale: Seller's Counsel

CEE Law Firm Wolf Theiss assists Search Corporation in the sale of Crystal Tower

22 Nov 2018

The Romanian office of the regional law firm Wolf Theiss assisted Search Corporation, one of the leading engineering companies in Romania providing services of planning, design, consulting and management of road and air transport infrastructure, in the sale of its participation in Plaza Development SRL owning Crystal Tower, the first Romanian office building equipped with a heliport, located in the heart of Bucharest.

K&S advises BEOS on sale of EUR 520 mio. real estate fund portfolio

21 Nov 2018

King & Spalding has advised BEOS AG on the sale of the special fund BEOS Corporate Real Estate Fund Germany I (CREFG I) which was set up as open-ended real estate specialized fund by Capital Investment Company IntReal and Asset Manager BEOS AG in 2010. The fund portfolio comprises 21 mixed-used commercial properties with lettable space of 565.000 square meters located at the top sites of Germany's most attractive regions.

RTPR Allen & Overy advises Ruukki Romania on the sale of its factory near Bucharest

21 Nov 2018

RTPR Allen & Overy has advised Ruukki Romania, a member of the Swedish group SSAB, in relation to the sale of its factory in Bolintin-Deal to Peikko Group Corporation, a Finnish company supplier of slim floor structures and connection technology for precast.

Ruukki is a producer of metallic roofing sheets for residential buildings and metallic solutions for commercial and industrial buildings. The factory near Bucharest which was built in 2007 has a total surface of 30,000 sqm and it also comprises a piece of land of 60,000 sqm.

SGI Sells Investment Platform to Cerberus

19 Nov 2018

Cleary Gottlieb represented SGI Frontier Capital (SGI) in the sale of its investment platform to Cerberus Capital Management LP (Cerberus).

SGI is a leading private equity firm focused on frontier markets in Asia and Africa. Headquartered in Singapore, SGI has an extensive track record of direct investment in frontier markets, including Ethiopia, Georgia, and Mongolia.

Cerberus is a global leader in alternative investing with more than $35 billion in assets across complementary credit, private equity, and real estate strategies.

Norton Rose Fulbright advises KKR on the sale of a portfolio of around 30 assets

19 Nov 2018

Global law firm Norton Rose Fulbright has advised KKR, one of the largest US investment funds in the world, on the sale of around 30 assets representing a surface area of just over 86,000m² – comprising offices and telephone centers, mainly occupied by the Orange group –, to private clients grouped into a “real estate club deal” by Eternam, the real estate subsidiary of the Cyrus group. The transaction, completed on October 25, 2018, involved an amount in excess of EUR 100m.

New deal announcement: Reed Business B.V. announced its intention to sell all publishing activities of the Dutch agricultural media portfolio

16 Nov 2018

De Brauw served as Counsel for Reed Business B.V. who announced its intention to sell all publishing activities of the Dutch agricultural media portfolio, part of the Proagrica division, to Doorakkeren B.V.

See further details below.

Client name
Reed Business B.V.

Other parties involved
Misset Uitgeverij B.V., Doorakkeren B.V., Cor Jan Willig, Derk Haank, Luc van Os

Nature of transaction

Herbert Smith Freehills advises Pearson on £115m sale of One Southwark Bridge

15 Nov 2018

Global law firm Herbert Smith Freehills LLP has advised Pearson, the digital learning company, on the sale of One Southwark Bridge to M&G Real Estate for £115m. The two parties have exchanged contracts with a target completion date by the end of 2018.

The building, which has been home to the Financial Times since 1989, will continue to be occupied by the paper until it returns to its former headquarters at Bracken House next year.

DLA Piper advises Hahn Group on its sale of Rathaus Center Dietzenbach to Catalyst Capital

14 Nov 2018

DLA Piper has advised Hahn Group on its sale of the Rathaus Center Dietzenbach to the European investment and asset management company Catalyst Capital. The property, which is the only shopping mall in the city, was built in 2007 and covers a rentable floor space of some 21,600 square metres. Both parties agreed not to disclose the purchase price.