DLA Piper have represented Wereldhave on the sale of nearly its entire UK property portfolio in disposals for approximately £243,000,000.
A portfolio of London properties was sold to British Land, including the Ealing Broadway Shopping Centre, which was sold by way of a share disposal, and four retail and office properties located in Baker Street, Chiswick High Road, Putney High Street and Fulham Road. The transaction completed on 8th February.
Linklaters has advised leading Spanish energy company Repsol on the US$6.653bn sale to Royal Dutch Shell of its liquefied natural gas (LNG) assets, which includes the minority stakes in Atlantic LNG (Trinidad & Tobago) Peru LNG and Bahia de Bizkaia Electricidad (Spain), as well as the LNG sale contracts and time charters with their associated loans and debt.
As a result of this transaction, which has generated $3.5bn pre-tax capital gain for Repsol, the company surpasses the divestment commitments outlined in its 2012-2016 strategic plan.
Ashurst has advised Concord Energy Pte Ltd and its affiliates on the sale of a 50% interest in Fujairah Oil Terminal FZC ("FOT") to Sinomart KTS Development Limited, which completed on 3 January 2013 and FOT on the USD 251,860,000 limited recourse financing of the project, provided by a syndicate of six international banks. The financing closed on 13 February 2013.
Clifford Chance has advised Hines on the £70m sale of One Grafton Street, a 35,000-square-foot building in Mayfair, to Pembroke Real Estate via a Luxembourg limited partnership vehicle. One Grafton Street is fully occupied, having secured its final letting to AXA Private Equity UK Limited in November 2012, and commands some of the highest rents in the West End in the current cycle.
International law firm Taylor Wessing has acted for Grant Thornton, on the pre pack sale of the majority of Seymour Pierce's business to Cantor Fitzgerald and the subsequent sale of its Private Client business to WH Ireland. Seymour Pierce was one of London's oldest stockbrokers and investment banks.
Taylor Wessing's restructuring partners Claire Martin-Royle and Neil Smyth led on the sales and Tandeep Minhas, partner in the Financial Institutions and Markets group, advised the board members at Seymour Pierce.
Ashurst advised The Royal Bank of Scotland plc (RBS) on the sale of a German portfolio of first lien residential mortgages over approximately 700 properties throughout Germany to Macquarie Corporate and Asset Finance (CAF).
The portfolio with an aggregate face value of approximately €90 million was held by a Dutch subsidiary of RBS and no longer part of RBS' core business. Macquarie acquired the portfolio through a competitive auction.
SJ Berwin a conseillé le groupe hôtelier Accor dans le cadre de la cession du Sofitel Paris Le Faubourg, situé à proximité de la place de la Concorde à Paris, pour 113 millions d’euros.
L’acquéreur est le fonds d’investissement américain Mount Kellett Capital Management.
Cette cession s’inscrit dans la stratégie « d’asset light » du groupe Accor.
Addleshaw Goddard's corporate team in Manchester has advised PZ Cussons Plc, a leading consumer products group in Europe, Asia and Africa, on the sale of its local Polish Home Care brands to Henkel.
The Addleshaw Goddard team, led by corporate partner Paul Medlicott with support from associates Tina Wong and George Danczak, advised the FTSE 250 listed company on the £46.6m deal to allow the business to focus on developing its Personal Care business in Poland.
The Singapore office of international law firm Freshfields Bruckhaus Deringer has advised Seadrill Limited (“Seadrill”), a leading offshore deepwater drilling company, on the integration of its tender rig division into SapuraKencana Petroleum Berhad (“SapuraKencana”), one of the world's largest integrated oil and gas services and solutions providers, for an agreed acquisition price of US$2.9 billion.
Allen & Overy LLP has advised CORESTATE Capital on the sale of a residential and commercial property portfolio to a number of German institutional buyers for a total purchase price of EUR 250 million.
The portfolio comprises around 3,700 building units in North Rhine-Westphalia, Hesse and Berlin.