International legal practice Osborne Clarke has advised Ultra Electronics on the sale of its Airport Systems Business to ADB SAFEGATE for a total consideration of £22m, of which £2m is deferred.

The Airport Systems Business was transferred to a new holding company which will be transferred to ADB SAFEGATE along with the relevant Ultra subsidiaries in China, France, South Africa and the US once all closing conditions have been satisfied. The transaction is expected to complete by 31 January 2019.

Lawyers from the Greenberg Traurig Warsaw office advised VD Invest, a subsidiary of Vantage Development, in connection with the sale of Delta 44, an office-retail building located in Wroclaw.

The Greenberg Traurig transaction team was led by Partner Agata Jurek-Zbrojska and Local Partner Justyna Szwech, who were supported by Associate Wiktor Waclawski.

DLA Piper has advised 2 Sisters Food Group on the sale of its Manton Wood sandwich business to Samworth Brothers.

Located at Manton Wood, Nottinghamshire, it produces a range of retailer chilled sandwiches, wraps and rolls. The finalisation of the transaction is subject to customary closing conditions and regulatory clearances, which are expected to be completed in the coming months.

Berlin – A real estate company managed by the Santander Group has sold a portfolio of four commercial properties to various buyers with the support of CMS. The portfolio consisted of three commercial properties at Düsseldorf Airport, in Hamburg and Oldenburg and one logistics property in North Rhine-Westphalia.

TLT has completed the sale of a developed 20MW gas site in Chesterfield and a developed 40MW energy storage site in Bedford to Arlington Infrastructure Limited in three days.

Arlington Infrastructure Ltd specialises in developing and constructing clean energy projects in the UK with the ability to raise significant finance within an industry that is becoming more flexible and dynamic.

The firm’s Real Estate team has advised Redcliff MCC on the freehold sale of 118 new private rent homes to residential group A2Dominion.

The 118 units will be housed in two seven and eight storey residential blocks within the second development phase of Redcliff Quarter, the £250 million regeneration project in Bristol’s city centre.

DLA Piper has advised a joint venture, managed by publity AG as part of an asset management mandate, on the sale of the office property "Sunsquare" to the Godewind Group for 30.5 million euros.

Located in a commercial area in Kirchheim near Munich, the property has a rental area of more than 18,000 square meters. The complex has an additional expansion reserve of around 15,500 square meters. The transfer of ownership, benefits and claims on the property and assets will be completed by the end of the year.