Resource

 

 

 

 

 

 

 

 

 

 

 

Asset Sale: Seller's Counsel

Clifford Chance advised Pfizer on the sale of its plant in Illertissen to R-Pharm Group

17 Feb 2014

Clifford Chance has advised Pfizer on the sale of its plant in Illertissen (Germany) to the Russian based R-Pharm Group. Pfizer and R-Pharm have also entered into a long-term contract regarding the continued manufacture of a number of Pfizer products by R-Pharm at the production site.

Pfizer employs in Illertissen about 400 employees, which is an highly automated facility using state of the art technologies.

The completion of the transaction is subject to several conditions precedent. Specific terms of the agreement, including price are confidential.

Mills & Reeve acts in custom build development sale

11 Feb 2014

We have acted for existing client O&H Properties Ltd on the sale of a development site in Peterborough to Urban Self-build for the delivery of 11 custom build houses.

This is one of the first schemes to be funded via the Custom Build Homes Fund administered by the Homes & Communities Agency (HCA) and the first to utilise mainstream housing land as part of a larger development, rather than a simple small scale infill site. The Hempsted Green site is located at Hampton in Peterborough.

King & Wood Mallesons SJ Berwin advises Canyon Equity on the disposal of “Le Mélézin” hotel

11 Feb 2014

King & Wood Mallesons SJ Berwin advised Canyon Equity on the recent sale of 5-star hotel “Le Mélézin”, in Courchevel (France), to Lov Group.

Canyon Equity is a US group specializing in the acquisition and development of small ultra-luxury branded resorts in unique destinations around the world. Lov group is an investment holding owned by Stéphane Courbit, which focuses on leisure and digital activities.

Irwin Mitchell Leeds Advises JF Finnegan On Elizabeth House Sale

10 Feb 2014

Irwin Mitchell has advised its client, JF Finnegan, on the sale of Elizabeth House on Queen Street in Leeds City Centre to an institutional investor for an undisclosed sum.

The latest deal represents a successful conclusion to JF Finnegan’s involvement in the 25,000 sq ft office building following its decision to acquire and redevelop it in 2011.

Fifth & Pacific Completes Sale of Lucky Brand to Leonard Green & Partners

07 Feb 2014

Paul, Weiss client Fifth & Pacific Companies, Inc. completed the sale of Lucky Brand to LBD Acquisition Company, LLC, an affiliate of Leonard Green & Partners, L.P., for an aggregate payment of $225 million, comprised of $140 million cash consideration and a three-year $85 million note to be issued by LBD at closing, subject to working capital and other adjustments.

Poolia sells UK business

05 Feb 2014

The US based staffing company Staffing 360 Solutions acquires the business of Poolia UK Ltd through its subsidiary Staffing 360 Solutions (UK) Ltd. The deal will be completed on February 28 based on the accounts on the completion date. The purchase price for the business is £ 500 000, plus an amount equal to the net asset value of the business at the date of completion. The deal is dependent on the employee consultation process that is required according to UK law, and will be completed on February 28.

Jonas Bratt and Patrik Nyqvist at Eversheds assisted Poolia.

King & Wood Mallesons SJ Berwin advises Mazabi on the sale of London hotel

04 Feb 2014

King Wood Mallesons SJ Berwin advised Mazabi Gestión de Patrimonios (Mazabi) on the sale of the Abba Queen´s Gate Hotel, located in Kensington, London, to Grecian Hotels, for £40 million.

Mazabi manages investment assets, primarily real estate, with offices in Madrid, Barcelona, Bilbao and Malaga. The company currently manages more than € 600 million of real estate assets through national and international investments.

White & Case Advises Klepierre on Proposed Disposal of Retail Gallery Portfolio to Carrefour-Led Consortium

30 Jan 2014

Global law firm White & Case LLP has advised Klépierre, a leading shopping center property company in Europe, on its proposed disposal of a portfolio of 127 retail galleries to a consortium led by Carrefour and capitalized by institutional investors at €2 billion.

Representing a total area of approximately 476,000 square metres, the portfolio consists of 127 small to medium sized retail galleries, including 57 assets in France (70 percent of the transaction value), 63 in Spain (19 percent of value) and seven in Italy (11 percent of value).

Mayer Brown advises on sale of Elephant & Castle Shopping Centre

29 Jan 2014

Mayer Brown has advised Key Property Investments (“KPI”), a 50/50 joint venture between St. Modwen (LSE:SMP), the UK’s leading regeneration specialist, and Salhia Real Estate Company K.S.C (“Salhia”), on the sale of the Elephant & Castle Shopping Centre to Delancey and Dutch pension fund APG.

KPI acquired the Elephant & Castle Shopping Centre, a retail, leisure and office complex of 327,000 sq ft, in May 2002 for £29.25 million.