Clifford Chance has advised a fund managed by GLL Real Estate Partners on the sale of Munich shopping centre "Mira". Investment manager Hines acquires the property for a German real estate special fund.

The shopping centre "Mira" encompasses 24,000 square metres of rental space and was built in 2008. The property is let to about 60 retail businesses and comprises 754 parking spaces and 1,000 square metres of office space.

Herbert Smith Freehills has advised Property NSW on the sale of a vacant parcel of land at Macquarie Park in north west Sydney to construction company John Holland for A$170 million. As part of the sale, John Holland has committed to construct and lease to Property NSW 25,000 square metres of commercial office space at the redeveloped site.

John Holland was selected to redevelop the site following a competitive tender process. The sale process drew strong interest from a number of groups, with each presenting a distinct vision for the future of the site.

We advised Citycon on the EUR 167 million sale of a 61,000 sqm GLA shopping centre portfolio consisting of the Espoontori, Tikkuri, Myllypuron Ostari and Martinlaakson Ostari shopping centres in the Helsinki metropolitan area and the Jyväskylän Forum shopping centre in Jyväskylä to Cerberus. The closing of the transaction is expected to take place in November 2017.

Shoosmiths has advised Hallam Land Management Limited on the sale of two strategic sites to BDW Trading Limited for a combined value of £46m.

The sale of the sites in Faversham and Buckingham to BDW will result in the eventual delivery of more than 700 new homes and associated infrastructure.

Squire Patton Boggs has acted for First Solar, Inc. on the sale of the Cuyama Solar Project in Santa Barbara, California to an affiliate of D. E. Shaw Renewable Investments, LLC (DESRI).

Cuyama Solar Project is the first utility-scale solar installation in Santa Barbara County. Its sustainable electric power will provide affordable and clean energy to about 16,000 California homes. In doing so, it will displace 30,000 metric tons of CO2 greenhouse each year.

Slaughter and May is advising Bupa on its agreement to sell part of its UK care home business to HC-One, subject to regulatory approval, in a transaction totalling around £300m. The sale will see the transfer of 122 care homes to HC-One, a leading provider of health and social care in the UK. Bupa will retain around 150 care homes and six Richmond Villages caring for over 9,000 residents, with a further four care homes and two retirement villages under construction.
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Setterwalls has assisted NLY Scandinavia AB, a company included in the Qliro Group AB, in the sale of the assets of the shopping club Members.com to Campadre Scandinavia AB.

Taylor Wessing has acted for international fund managers Meadow Partners on the sale of an office building in London’s Midtown to Access Mission Limited (an indirect, wholly owned subsidiary of Hong Kong investor Get Nice Holdings Limited) for £21m.

Eversheds Sutherland has completed the sale of a 73-pub portfolio on behalf of longstanding client Mitchells & Butlers (M&B) to real estate investment company Aprirose.

The portfolio, which will be named Milton Pubs and Taverns, includes 65 freehold and eight leasehold properties across the UK in England, Scotland and Wales.

Clifford Chance has advised Europa Capital LLP on the sale of the Cubus office building in Dusseldorf. The property, offering around 16,800 m² of office space, was purchased by PGIM Real Estate. The property is fully let to a total of 16 tenants.

Europa Capital LLP purchased the Cubus building back in 2013 along with the adjacent Innside Hotel. It sold the Innside Hotel to Quadoro in February 2017 on behalf of the open-end real estate fund Vescore Sustainable Real Estate Europe. Clifford Chance also provided advice on that deal.