Clifford Chance has advised Investa Immobiliengruppe, Munich, on the sale of a new property in the centre of Düsseldorf to a current private placement of real estate company Dereco, Cologne. A six-floor Holiday Inn Express Hotel is due to be built on the site, with completion expected by mid-2015. The hotel will be run by the Foremost Group, Berlin, which has a 20-year lease on the property. Foremost specialises in the development and management of branded hotels throughout Germany and Europe.

On April 11, 2014, Graham Holdings Company and Berkshire Hathaway Inc. announced that they have signed an agreement for Berkshire Hathaway to acquire a wholly owned subsidiary of Graham Holdings Company that includes WPLG, a Miami-based television station, a number of Berkshire Hathaway shares currently held by Graham Holdings Company and an amount of cash in exchange for approximately 1.6 million shares of Graham Holdings Class B common stock currently owned by Berkshire Hathaway and its subsidiaries.

Clifford Chance is advising the Italian group Risanamento in relation to the €1.225bn sale of its French real estate portfolio representing one of the most significant transactions in France since 2007.

Dentons has advised MMG Limited (MMG), a subsidiary of State Owned Enterprise (SOE) Minmetals, on its role leading a consortium to enter into a Share Purchase Agreement (SPA) with GlencoreXstrata to acquire the Las Bambas copper project in Peru for US$5.85 billion.

Paul, Weiss client Green Chimneys School sold its former Manhattan facility at 327 East 22nd Street to an affiliate of Suzuki Capital.  Green Chimneys provides residential, educational, clinical and recreational services for children with special educational and emotional needs, with a focus on animal-assisted therapies.

The Paul, Weiss team included real estate counsel Barry Langman with assistance from partner Steve Simkin and of counsel Walter Leinhardt.

Slaughter and May advised Derwent London plc on the sale of the freehold interest in Jaeger House, 57 Broadwick Street, London W1 to Shaftesbury Carnaby Limited for £30.75 million.

The property comprises 24,900 sq. ft. of office and retail accommodation, together with 37 residential units on the upper floors.

CONTACTS

Real Estate: Jane Edwarde (partner), Simon Bartle (associate)

Clifford Chance has advised the Ligue de Football Professionel (LFP) in the context of the offer to interested parties concerning the sale of the Ligue 1 and Ligue 2 television rights for the seasons 2016/2017 to 2019/2020.

On Friday 4 April 2014, following the end of the invitation to tender, the LFP allocated the total rights for a value of EUR 748.5 million per season, of which Ligue 1 represents EUR 726.5 million compared to the current figure of EUR 607.0 million per season.

New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm advised Steven Fisher and other family members of real estate firm Fisher Brothers in the sale of Plaza Construction, a construction management and general contracting firm, to China Construction America, a subsidiary of China State Construction Engineering Corp., which is one of the largest builders in China. The price of the sale was not disclosed.

Cincinnati Bell, a leader in telecommunications and broadband networking services, announced that it has entered into agreements to sell its wireless spectrum licenses and certain related assets to Verizon Wireless for cash and an assumption of certain Cincinnati Bell liabilities with a total value to Cincinnati Bell of approximately US$210 million. Cravath represented Cincinnati Bell in connection with this transaction, which is expected to close in the second half of 2014, subject to customary closing conditions.

Dentons Warsaw Real Estate team advised BlackRock’s Real Estate division on the sale of the Rondo 1 office building in Warsaw, Poland to Deutsche Asset & Wealth Management’s real estate business.

Rondo 1 is an exceptional office complex developed in 2006 and consists of a 40-story glass tower and a 10-story associated building. Located right in the center of Warsaw, it offers its tenants top quality office space.

The Dentons team was led by partner Pawel Debowski. Senior associate Maciej Jodkowski ran the project from the transactional side.