Burges Salmon has advised longstanding client FirstGroup on the sale of eight of its London bus depots, as part of the transport operator’s strategy to reposition its UK Bus division to focus on those areas that offer the greatest potential for growth.
International law firm Berwin Leighton Paisner (BLP) advised Resolution Property on the sale of West End premises to Hong Kong-based investor, Peterson Group.
The 80,000 sq ft property at 111-125 Oxford Street and 180 Wardour Street is Peterson Group’s first UK investment, having previously made acquisitions in the Far East and Canada. The site acquired by Peterson Group has consent for office and retail space and Resolution has been retained to manage the development.
Hogan Lovells has advised Ivanhoé Cambridge in relation to the sale of a portfolio of four hotels located in the center of Paris to a joint-venture made up of a real estate fund managed by Morgan Stanley Real Estate Investing and its operational partner Paris Inn Group. These four hotels offer a total capacity of more than 600 rooms.
The Colonial First State managed Direct Property Investment Fund (DPIF) and DEXUS completed the sale of $503.7 million of Sydney based office assets on 28 February 2013, through the sale of direct interests in land and units in land holding trusts. Contracts for the deal were exchanged 21 December 2012.
International law firm Clifford Chance advised Abertis Airports on the sale of one of the TBI portfolio of airports, Cardiff International Airport, to the Welsh Assembly Government for £52m. Clifford Chance also acted for Abertis in 2004 when it acquired TBI by way of public takeover.
Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has been appointed to advise the Hellenic Republic Asset Development Fund (HRADF) on the sale of 28 public buildings in Greece to investors, which will then be leased back to the Hellenic Republic on 20-25 year commercial leases.
International law firm SJ Berwin is delighted to announce that its Real Estate practice has advised long standing client British Land on the sale of Ropemaker Place, London EC2 to a consortium of investors for £472 million. The consortium was represented by AXA Real Estate Investment Managers.
Frankfurt, 22 March 2013. Linklaters has advised Ivanhoé Cambridge, the real estate subsidiary of the Canadian pension fund Caisse de dépôt et placement du Québec, on the sale of a Munich office building with 32,700 m2 of leasable area. The purchaser of the six-storey property at Kistlerhofstrasse 75 in the Obersendling urban district is JP Morgan Asset Management. The anchor tenant of the real property comprising more than 500 parking spaces is IT company Tech Data, further tenants currently being two members of the Carl Zeiss group of companies.
Herbert Smith Freehills has advised Leighton Properties on its sale of 567 Collins Street in Melbourne to the ASX-listed Investa Office Fund (IOF) and Investa Commercial Property Fund (ICPF) for approximately A$462 million.
Herbert Smith Freehills has advised Growthpoint Properties Australia on the disposal and settlement of its office and warehouse facility located at 134 Lillkar Road, Goulburn, New South Wales to a private investor for A$72.25 million.
The 42,826m2 facility is leased to Coles Group until February 2022. The property was purchased by Growthpoint Properties Australia in December 2009 for a total cost of A$65.5 million.