CMS has advised Plaza Centers N.V. with respect to the sale of the Torun Plaza shopping and entertainment centre in Poland. The transaction closed on 20 November 2017 for an asset value of over EUR 70m.
The team of CMS lawyers that advised the seller was led by Katarzyna Debinska-Pietrzyk (advocate) and included Jagoda Guzik (advocate) and Justyna Tokarzewska (trainee advocate).
Global law firm White & Case LLP has advised RBC Capital Markets as Sponsor on the disposal of Premier Oil plc's (Premier) interests in the Wytch Farm oil field (Wytch Farm), which constitutes a Class 1 transaction for Premier under the Listing Rules.
On November 20, 2017, Premier entered into a sale and purchase agreement with Perenco UK Limited to sell Wytch Farm for a cash consideration of US$200 million, subject to certain customary financial adjustments, including working capital adjustments.
Ashurst LLP advised Segro and Segro European Logistics Partnership (SELP) on the sale of a portfolio of three logistic assets to Valor Industrial Partners 1, a joint-venture between Valor Real Estate Partners and AIG Global Real Estate, for a total sale price of circa 35 million of euros.
The assets are located in Croissy-Beaubourg, Emerainville and Les Ulis, France, and develop a total surface area of circa 80,000 sq.m.
The Ashurst team in Paris was composed of real estate partner Guillaume Aubatier, assisted by associate Dorian Scemama.
Global law firm White & Case LLP has advised ETF Securities Limited on the equity, US and debt financing aspects of the US$611 million sale of its European exchange-traded commodity, currency and short-and-leveraged business to WisdomTree Investments, Inc.
The acquired business has US$17.6 billion of assets under management, and it secures the company's position as the ninth largest exchange-traded product (ETP) sponsor and as the largest global independent ETP provider, with scale in the two largest ETP markets – Europe and the US.
Clifford Chance has advised RFR Group on the sale of the "Primus" real estate portfolio to the Austrian Signa Group. The portfolio comprises five high-end retail and office properties and is valued at around EUR 1.5 billion. This makes it the largest real estate transaction in Germany in 2017 to date.
Herbert Smith Freehills has advised TC Advisors Australia Investment Management Pty Ltd (“TrustCapital Advisors”) on the portfolio sale of five premium office assets in Sydney, Melbourne and Brisbane valued at a total of A$727 million to multiple purchasers.
The portfolio consisted of 469 La Trobe Street, Melbourne, 850 Collins Street, Melbourne, 575 Bourke Street, Melbourne, 50 Pitt Street, Sydney and 150 Charlotte Street, Brisbane.
Dentons represented French energy group EDF in the sale of the group's assets in Poland to PGE Polska Grupa Energetyczna S.A. The transaction was worth upward of EU1 billion. Under the terms of the deal, PGE acquired four combined heat and power plants in Krakow, Gdansk, Gdynia and Torun, a heat distribution network in Torun, and the Rybnik power plant, as well as EDF's shares in ZEC Kogeneracja. ZEC Kogeneracja owns four heat and power plants in Wroclaw, Zielona Gora, Czechnica and Zawidawa and a heat distribution network in Zielona Gora.
Mishcon de Reya advised UK focused property investment and development company Helical plc on the disposal of its retirement villages portfolio to Legal & General for £102million. As part of the transaction, Helical has transferred the £46 million of debt secured against the portfolio to the purchaser and will receive 50% of the total net sale proceeds of £51m on completion, with the remainder deferred for 12 months.
TLT has completed the sale of a £50m portfolio of 12 care homes for 90 North Real Estate Partners LLP to two real estate investment trusts (REITs).
Travers Smith LLP has advised longstanding client ETF Securities Limited on both the $611 million sale of its European exchange-traded commodity, currency and short-and-leveraged business to WisdomTree Investments, Inc., and the sale of its Canvas, UCITS ETF platform, to Legal & General Investment Management (LGIM).
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