Clifford Chance has advised the snack producer Mondelez International on the sale of its existing German headquarters in Bremen. The property was bought by Hanseatische Projektentwicklung (HPE) and Justus Grosse.
Clifford Chance has advised Magnesita Refratários S.A. ("Magnesita") on the sale of its magnesia carbon bricks production unit in Oberhausen, Germany, to Intocast AG. The sale is subject to customary closing conditions, is expected to complete for the fourth quarter of 2017 and is being implemented in response to conditions by the EU Commission in relation to the acquisition of Magnesita by RHI.
Eversheds Sutherland advised Tansec Oy in an asset sale and purchase in which Tansec acquired Anvia Telecom Oy’s alarm transmission connection business.
Specialised in alarm transmission system operations and remote management, Tansec has nearly 25 years of experience in the security sector and customers in the whole of Finland. Tansec Oy is part of Viria group.
Plesner assisted Lundbeck with the sale of approximately 33,000 sqm office buildings in Valby.
The buildings constitute a part of Lundbeck's headquarters in Valby that is no longer used by Lundbeck.
The buildings were purchased by Danish pension funds Juristernes og Økonomernes Pensionskasse (JØP) and Danske civil- og akademiingeniørers Pensionskasse (DIP).
In connection with the sale Plesner also assisted Lundbeck entering into an agreement about letting of the property to the City of Copenhagen.
Herbert Smith Freehills is advising AGL Energy Limited (AGL) on its recently announced transaction to sell its North Queensland gas assets to a consortium of Shandong Order Gas Co. Ltd. and Orient Energy Pty Ltd.
The assets comprise AGL’s:
50% interest in the Moranbah Gas Project Joint Venture (MGPJV),
50% interest in the North Queensland Energy Joint Venture (NQEJV), and
AGL's participation rights in the ATP1103 exploration licence located in the Bowen Basin.
King & Wood Mallesons (KWM) advised the owners of Laser Clinics Australia (LCA) on the sale of the skincare and cosmetic business to funds advised or managed by KKR following a competitive auction process. LCA is the leading provider of non-invasive aesthetic treatments in Australia with a network of more than 80 clinics.
CMS Budapest represented the leading European investment manager, Union Investment on the sale of Krisztina Palace, a modern class A office building in Budapest to Erste Fund. The building has more than 15,000 sqm leasable area and it is occupied with tenants such as Emirates, Eaton Enterprises, Mazars, Deutsche Leasing, Granit Agriculture and Johnson & Johnson.
The CMS team assisting Union Investment was led by Jozsef Varady and included Ildiko Bodas, Laszlo Jokay and Aniko Szucs.
Houthoff Buruma advised DELA Vastgoed B.V. regarding the sale of the 'Solit Portfolio' to Lone Star. The Solit Portfolio consists of 73 stores, 4 shopping centres, approx 15,000 m2 of office space, 2 parking garages and 90 residential spaces. The transfer took place on 1 September 2017. The transaction vallue amounts to approx EUR 215 million.
Houthoff Buruma team included: Jan Cees Kuiken , Anna Wijnans , Pieter Batenburg , Danielle Verboom , Sahieda Nanhay-Khan , Loes van den Hurk , Doris Smudde
Simpson Thacher represented Blackstone Real Estate Partners in connection with the sale of the Simply Group of hotels, located across France, to a group of investors sponsored by Dalmata Hospitality, as well as in connection with the discharge and release of security over the Simply Group’s existing financing. The transaction closed on July 27, 2017.
The Simpson Thacher team included Wheatly MacNamara, Tom Lloyd, Sam Charlton, Edd Hampson, Spencer Patton and Carys Hughes (Real Estate).
We advised Talonrakennusteollisuus ry in the sale of its headquarters located at Unioninkatu 14, Helsinki to Barings Real Estate Advisers. The sales price was EUR 16 million. The property currently comprises approximately 4,300 sqm of leasable area. Talonrakennusteollisuus will vacate the property at the end of 2017, after which the building will be fully refurbished and converted by Barings into a 120-room business class hotel.