The Leeds office of law firm Irwin Mitchell has helped safeguard all 120 jobs as part of a combined deal which has seen an engineering business in the North East of England being bought out of Administration.
Keith Marshall and Steve Ross of RSM Restructuring Advisory LLP were appointed Joint Administrators of Altec Engineering Limited on 29 June 2017.
As part of a forward asset deal, GSK Stockmann has advised Diringer & Scheidel Wohn- und Gewerbebau GmbH on the sale of the new Quartiers 4 in Mannheim. Purchaser is SV SparkassenVersicherung Lebensversicherung AG. The investment amount is approximately 85 million euros.
Our team led advised joint administrators of Redx Pharma plc on the disposal of assets, including patents in the Redx BTK program, for the sum of US$40 million.
A multi-disciplinary team led by Restructuring and Insolvency partner Stewart Perry, Life Sciences partner Alison Dennis and Equity Capital Markets partner Jonathan Brooks has advised the joint administrators of Redx Pharma plc (Jason Baker and Miles Needham of FRP Advisory LLP), on the disposal of certain assets, including patents in the Redx BTK program, for the sum of US$40 million.
Our team led advised joint administrators of Redx Pharma plc on the disposal of assets, including patents in the Redx BTK program, for the sum of US$40 million.
A multi-disciplinary team led by Restructuring and Insolvency partner Stewart Perry, Life Sciences partner Alison Dennis and Equity Capital Markets partner Jonathan Brooks has advised the joint administrators of Redx Pharma plc (Jason Baker and Miles Needham of FRP Advisory LLP), on the disposal of certain assets, including patents in the Redx BTK program, for the sum of US$40 million.
International law firm Trowers & Hamlins has advised Richard Caring, owner of The Ivy restaurant in London on the sale of the freehold of the building to Standard Life for £40m. The deal also included a 35 year leaseback of the property.
Mr Caring has owned the freehold of the building since 2005, when he bought both the property and Caprice Holdings.
The building on London’s West Street also contains The Club at The Ivy, an exclusive members club which was opened in 2008.
Dentons advised Aerium, a pan-European real estate fund manager, on the sale of the Kralovo Pole Shopping Center in Brno, the Czech Republic, to CPI Property Group.
Built in 2004, Kralovo Pole comprises a two-level gallery with 78 shops and a food court, providing a total of 26,500 sq.m. GLA and 900 parking spaces. It is anchored by a Tesco hypermarket.
The Dentons team was led by Stewart M. Middleman, Partner and Head of CEE Real Estate, supported by a Prague-based team led by Eleanor Johnson, Counsel.
Slaughter and May is advising the seller of the London Metropole and Birmingham Metropole hotels, in one of the largest portfolio deals in the UK market this year. Funds managed by Henderson Park Capital will pay more than £500m for the hotels. The London Metropole is the largest Hilton-managed hotel in Europe.
Contacts
Corporate: Murray Cox (partner), Srijanee Bhattacharyya (associate), Oliver Gratton (associate)
Real estate: John Nevin (partner), Lee Foxcroft (associate), Helen White (associate)
Essen-based STEAG GmbH has sold its regional electricity network in the federal state of Saarland as part of moves to optimise its portfolio. The buyer is Creos Deutschland Holding GmbH. The purchase agreement was signed on 31 July 2017. The purchase price was not disclosed.
Milbank, Tweed, Hadley & McCloy LLP represented Indian conglomerate Sahara India Pariwar in connection with a cross border sale by a Sahara subsidiary of the entire issued share capital of Sahara Grosvenor House Hospitality Limited to GH Equity Limited.
The Milbank team also advised Sahara India Pariwar in connection with the refinancing of US debt secured on the Plaza Hotel and Dreams Downtown Hotel in New York.
Mayer Brown has advised the LKK Health Products Group, a member of the Hong Kong-based food company Lee Kum Kee Group, on its purchase of the London skyscraper known as the “Walkie Talkie” for £1.2825 billion. This makes it the largest-ever office complex property transaction in the United Kingdom.
LKK purchased the property in its entirety from Canary Wharf Group and Land Securities Group.