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Asset Sale: Seller's Counsel

DLA Piper advises Merlin Entertainments on the A$174 million sale of Australian ski resorts

14 Mar 2019

DLA Piper has advised Merlin Entertainments, a global leader in location based entertainment, on the A$174 million sale of its Australian ski resorts, Hotham and Falls Creek, to US ski resort operator Vail Resorts, Inc.

Falls Creek is Victoria’s largest ski resort and features a variety of terrain, including beginner and intermediate trails suited to families and first-timers. Hotham is the only resort in the Southern Hemisphere where the village is located on top of the mountain, ensuring ski-in, ski-out opportunities.

Clifford Chance advises GLL Real Estate Partners on sale of the Accent Office Center in Frankfurt

14 Mar 2019

Clifford Chance has advised GLL Real Estate Partners GmbH (GLL) on the sale of the Accent Office Center (AOC) in Frankfurt. The buyer is a joint venture between Tristan Capital and Finch, which acquired the property by means of a share deal.

The AOC in Frankfurt was completed in 2004 and comprises around 25,000 m² of useable floor space. A real estate team led by partner Thomas Reischauer advised GLL at the end of 2014 on acquiring the property through its GLL Pan European Property Fund.

Pinsent Masons advises Canon Deutschland GmbH on the sale of its printing services subsidiaries

14 Mar 2019

International law firm Pinsent Masons has advised Canon Deutschland GmbH on the sale of CBS, its subsidiaries for printing services formed of Canon Deutschland Business Services GmbH and Canon Deutschland University Services GmbH, to the financial investor ASC Investment S.a r.l.

Addleshaw Goddard advises on significant PRS forward-funded sale

14 Mar 2019

Addleshaw Goddard has advised developer Waterside Places Limited Partnership ("WPLP") a joint venture between Muse Developments and the Canal & River Trust, on the £40m sale of a 108 private-home PRS development to Grainger Residential.
Newcastle based Grainger, has agreed to forward-fund and acquire the 108 PRS units, which will be built out by WPLP, representing a significant milestone towards realising WPLP's vision to deliver over 500 new homes to this part of London.

Slaughter and May is advising DS Smith on the UK aspects of the disposal of its plastics division to Olympus Partners

11 Mar 2019

Slaughter and May is advising DS Smith plc, a leading international packaging business, on the UK aspects of the disposal of its plastics division to Olympus Partners for an enterprise value of $585 million (approximately £450 million).

Pinsent Masons advises Ministry of Justice on the £81.5 million sale of HMP Holloway

11 Mar 2019

International law firm Pinsent Masons has advised the Ministry of Justice on the £81.5 million sale of HMP Holloway to Peabody Developments Limited and London Square Limited.

The sale and redevelopment of the prison is part of a Government initiative to modernise prisons across the country, improve rehabilitation, while creating the best and safest environment for those working and serving time in prison. HMP Holloway, which closed in 2016, is the first prison site to be transformed into housing.

Addleshaw Goddard advises on significant PRS forward-funded sale

11 Mar 2019

Addleshaw Goddard has advised developer Waterside Places Limited Partnership ("WPLP") a joint venture between Muse Developments and the Canal & River Trust, on the £40m sale of a 108 private-home PRS development to Grainger Residential.
Newcastle based Grainger, has agreed to forward-fund and acquire the 108 PRS units, which will be built out by WPLP, representing a significant milestone towards realising WPLP's vision to deliver over 500 new homes to this part of London.

Norton Rose Fulbright advises DZ Bank AG and DVB on landmark sale of aviation finance division

08 Mar 2019

Global law firm Norton Rose Fulbright has advised DVB, the transportation finance division of DZ Bank AG, on the sale of its aviation finance group to Japan’s Mitsubishi UFJ Financial Group (MUFG) and its affiliated leasing operation BOT Lease (BOTL).

Under the purchase agreement, the entire aviation client lending portfolio of DVB Bank will be transferred to MUFG. DVB Bank’s aviation investment management and asset management businesses will be transferred to BOTL. The transaction is expected to close during the second half of 2019.

Freshfields advises DVB Bank SE on the sale of its Aviation Finance business

08 Mar 2019

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising DVB Bank SE (‘DVB’), on the sale of its Aviation Finance business to MUFG Bank, Ltd (‘MUFG’). The purchase agreement provides for the sale of the entire €5.6bn portfolio, which includes the transfer of employees and the operating infrastructure to MUFG. The transaction also provides for the transfer of the Aviation Investment Management and Asset Management business to BOT Lease Co., Ltd.

CMS AD­VISES ON SALE OF ONE OF KY­IV’S LARGEST SHOP­PING MALLS

08 Mar 2019

CMS Cameron McKenna Nabarro Olswang in Kyiv is pleased to announce that it has advised leading international real estate investment fund, Meyer Bergman, on the Ukrainian and English law aspects of its sale of the Aladdin Shopping Mall in Kyiv, one of the biggest and most popular malls in Ukraine. The transaction is one of the largest real estate deals for the retail sector this year in terms of the size (10,600 sq m).