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Asset Sale: Seller's Counsel

White & Case Advises Piraeus Bank on Sale of Non-Performing Exposure Portfolio

05 Jul 2018

Global law firm White & Case LLP has advised Piraeus Bank, S.A., (Piraeus), one of Greece's leading 'big four' banks, on the sale and transfer of a portfolio of non-performing, denounced unsecured retail consumer and credit cards exposures equivalent to €2.238 billion total legal claims or €385 million on-balance sheet gross book value to APS Investments S.a.r.l, a leading CEE/SEE distressed debt investment advisor and manager.

TLT completes sale of Avon Fire and Rescue headquarters

03 Jul 2018

TLT has completed the sale of the former Avon Fire & Rescue headquarters at Temple Back, Bristol.

Avon Fire Authority announced it was moving its headquarters to Portishead in September 2017 to reduce overheads and provide staff with a modern office that reflects current needs.

The deal means that this prime location – in Bristol's central business district and opposite mixed use development scheme Finzels Reach – is now available for development.

Clifford Chance advises Athene Real Estate on sale of Elementae office building in Luxembourg City

03 Jul 2018

Athene Real Estate Management Company has sold 100 percent of the shares of Elementae SA to AM Alpha. Elementae owns as its main asset an office building located Rue Plaetis 5 in Luxembourg City. International law firm Clifford Chance has advised Athene Real Estate on this transaction.

The Elementae property provides approximately 3,000 square metres of office space in the heart of the historical city centre of Luxembourg City. The property has been occupied by Amazon since 2004 and will be vacated at the end of 2018.

Freshfields advises Global Brands Group Holding Ltd. on US$1.38bn sale of North American licensing business

02 Jul 2018

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Hong Kong-listed company Global Brands Group Holding Limited (‘GBG’) on the sale of a significant part of its North American licensing business to Differential Brands Group Inc., a portfolio company of US private equity firm Tengram. The US$1.38bn transaction is payable in cash (subject to closing adjustments).

As of 31 March 2018, the target business had pro forma sales revenues of approximately US$2.2bn.

Linklaters is the legal advisor for MMG Limited’s conditional sale of its 90% interest in the Sepon mine in Lao PDR for the purchase price of US$275 million

29 Jun 2018

    Linklaters acts for MMG, the Hong Kong listed subsidiary of the Chinese SOE, China Minmetals, on the conditional sale of the leading Lao copper mine, Sepon, to Chifeng Jilong Gold Mining Co Ltd
    The purchase price for the conditional sale is US$275 million, and continues Linklaters role as a leading advisor in the resources sector

Global law firm Linklaters is the legal advisor to MMG Limited (MMG) on the conditional sale of its 90% interest in Lane Xang Minerals (LXML) which owns the Sepon mine in Lao PDR.

Dentons advises on the largest office property transaction in the Czech market so far this year

29 Jun 2018

Dentons' Real Estate team advised international real estate developer HB Reavis on its successful sale of the Metronom Business Center in Prague to CS nemovitostni fond managed by REICO investicni spolecnost Ceske sporitelny for CZK 2,3 billion. The sale marks the largest office property transaction closed on the Czech market so far this year.

Clifford Chance advises Deutsche Apotheker- und Ärztebank on the sale of a Berlin property

28 Jun 2018

International law firm Clifford Chance has advised Deutsche Apotheker- und Ärztebank eG on the sale of the Kantstrasse 44/45 property in Berlin-Charlottenburg to ACCENTRO Real Estate AG.

ACCENTRO will use the building with a total area of around 3,300 square metres as its new company headquarters. In addition, apartments with a gross floor area of around 2,900 square metres can be constructed on the acquired property.