Macfarlanes has advised co-owners Stanhope Plc and Benson Elliot on the sale of the Station Hill development site in Reading to Lincoln MGT, a joint venture between Lincoln Property Company and MGT Investment Management.
The site is one of the UK’s largest development projects outside of London and sits opposite Reading station which will become the start of Crossrail in late 2019.
Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Peabody Australia in relation to the recently announced sale of the Wotonga South project to Stanmore Coal.
Peabody Australia will sell the Wotonga South coking coal deposit contained in two mining tenements (MDL 137 and EPC 728) to Stanmore Coal for A$30 million cash plus a production based royalty capped at circa A$10 million.
Clifford Chance has advised an investment fund managed by Europa Capital, a pan-European real estate investment company, on the sale of Hadovka Office Park, a modern office building located in a prominent position in Prague 6. The buyer is WOOD & Company, a leading regional investment bank headquartered in Prague.
DLA Piper represented Appvion in the completed sale of its assets to a group of its lenders led by Franklin Advisers, Inc. The previously announced sale was approved by the US Bankruptcy Court for the District of Delaware on May 14, 2018. The total consideration was approximately US$365 million.
Appvion produces thermal, carbonless, security, inkjet, digital specialty, and colored papers. Headquartered in Appleton, Wisconsin, the company employs approximately 1,250 people, and operates coating and converting plants in three states.
Clifford Chance has advised an investment fund managed by Europa Capital, a pan-European real estate investment company, on the sale of Hadovka Office Park, a modern office building located in a prominent position in Prague 6. The buyer is WOOD & Company, a leading regional investment bank headquartered in Prague.
Dentons Morocco has advised Cantor, Moroccan insurance companies Atlanta and Sanad, Inmaa Capital and Orion Holding on the disposal of a majority stake of the share capital and voting rights of Cantor Hôtels to ONOMO Group. Cantor Hôtels owns a portfolio of six hotels in the cities of Casablanca, Rabat and Tangier totaling 740 rooms.
Gide has advised Groupama Emeklilik A.S. on the transfer of its private pension portfolio to Fiba Emeklilik ve Hayat A.S.
Aiming to focus on the life and non-life insurance sectors in Turkey, Groupama decided to divest its private pension portfolio as part of a transaction that is the first of its kind on the Turkish market.
After obtaining a series of regulatory approvals, the transaction was closed on 30 March 2018 through the transfer of all private pension investment funds owned by Groupama.
Warsaw--Dentons' Real Estate team in Warsaw has advised Peakside Capital on the sale of Atrium Centrum and Atrium Plaza office buildings in Warsaw, Poland, to CPI Property Group.
Linklaters advised Echo Investment and its affiliates on the EU35.8m sale of West Link, an office building of an area exceeding 14,200 sqm located in Wroclaw. West Link was 100 percent leased before opening by Nokia and Hilti. The transaction was structured as a share deal and involved a complex financing including bond issue and repayment of existing bank facility.
Shearman & Sterling advised Piraeus Bank S.A. on the sale of a portfolio of non-performing corporate credit exposures to Bain Capital Credit LP. The size of the portfolio is approximately EU1.95 billion. This transaction marks the first time a portfolio of commercial real-estate backed non-performing credit exposures has been sold in Greece.
The closing of the transaction is subject to customary conditions and regulatory and other approvals, including the consent of the Hellenic Financial Stability Fund.
The Team
Mei Lian