Hogan Lovells has advised on the £5.5 million sale of the iconic global fashion brand Nicole Farhi to Maxine Hargreaves-Adams, the owner of Fenn Wright Manson and daughter of Matalan founder John Hargreaves.
International law firm Clifford Chance has advised Abertis Infraestructuras S.A. on the sale by TBI Airport Holdings Limited of Belfast International and Stockholm Skavsta airports, as well as the Orlando Sanford (Florida) airport terminal concessions and TBI's airport management business in the United States. The acquisition by ADC & HAS Airports Worldwide for an enterprise value of EUR 284 million is subject to regulator approval in the United States and local authority approval in Belfast and Stockholm.
Allen & Overy has advised HB Reavis Group, a leading commercial property developer in CEE, on the sale of Apollo Business Center IV, a Class A office complex in Bratislava, to Ceska pojistovna, the largest Czech insurance company, part of the leading European insurance corporation Generali Group.
Trowers & Hamlins has been engaged by its long-standing client, Ithmaar Development Company (IDC), to prepare a suite of documentation for two sections of the Dilmunia Health Island report in Bahrain – the Seavillas at Dilmunia and the Dilmunia Residences.
DLA Piper has advised National Grid on the sale of approximately 95 acres of land near Ebbsfleet Green, North Kent to Redrow Homes Limited. Contracts were exchanged on 28 June 2013.
The site, situated just 700 metres from Ebbsfleet International Station, with direct high-speed trains into Central London and to the Continent, has been sold with a purchase price of at least GBP32 million. Redrow Homes Limited have acquired the land with the benefit of a resolution to grant planning permission for up to 1,500 residential units and 22,000 square metres of commercial space.
DLA Piper has advised NH Hoteles in the sale of Grand Hotel Krasnapolsky in Amsterdam to AXA Real Estate, acting on behalf of a European and Asian investor. The transaction was closed on 27 June 2013.
The transaction is worth a total of EUR 157 million and covers approximately 468 rooms and suites, 2300 square metre conference centre, various dining rooms, meeting rooms, apartments, parking spaces, and the Winter Garden, together amounting to 40,000 square metres of space. The deal concerns a share transaction consisting of both the operational business and the property.
Trowers & Hamlins has advised Renaissance Services SAOG, the Muscat Securities Market-listed services company, on the sale of its oil field maintenance, fabrication and construction services business unit to Interserve Plc, a FTSE 250 company, for US$46 million.
The divested business unit provides its services in the Middle East and has extensive fabrication space spanning 140,000m2 split between two manufacturing sites in Abu Dhabi and Fujairah.
Düsseldorf, Luxembourg, 16 July 2013. Linklaters has advised HSBC Trinkaus & Burkhardt AG on the sale of its private banking business in Luxembourg. HSBC Trinkaus & Burkhardt (International) SA and HSBC Trinkaus Investment Managers SA, wholly owned Luxembourg subsidiaries of HSBC Trinkaus & Burkhardt AG, have entered into an agreement to sell their private banking activities and private banking-related fund business to VP Bank (Luxembourg) SA and VPB Finance SA, which are subsidiaries of Liechtenstein-based VP Bank.
Speechly Bircham is delighted to have advised established client Caring Homes Group on a transformational corporate structured deal with Griffin-American Healthcare REIT II to dispose of and lease back 44 freehold elderly care properties for a total consideration of £298.5m, to clear Group bank debt and to secure the provision of up to £75m in specific development finance.
Ashurst has advised Commerzbank, Germany's second-biggest lender, on the sale by Hypothekenbank Frankfurt A.G. (formerly Eurohypo) of its UK commercial real estate portfolio to a US consortium comprised of certain Wells Fargo & Company entities and certain funds of private equity group Lone Star.
The transaction encompasses the sale of commercial real estate loans and supporting interest rate and currency hedging derivatives totalling in aggregate EUR 5 billion as well as the entire operational business of the London branch of Hypothekenbank Frankfurt A.G.