Global law firm White & Case LLP advised Deutsche Bank on the sale of a non-performing loan portfolio to Itacapital S.r.l., a securitization vehicle of Kruk Group.
The White & Case team in Milan which advised on the transaction was led by partners Iacopo Canino and Gianluca Fanti together with associate Bianca Caruso.
BLP’s market leading hotels practice has acted for longstanding client PPHE Hotel Group on the sale and leaseback of the Park Plaza London Waterloo, a newly developed 494-room hotel and spa in Central London. The freehold interest is to be acquired by a unit trust created on behalf of several clients of CBRE Global Investors for £161.5 million, subject to a 199 year lease to a PPHE Hotel Group entity.
Ashurst advised Oaktree Capital Management on the sale of Hotel Dolce Sitges in Barcelona to Talus Real Estate and Angelo Gordon. The transaction is worth just over €40 million.
Ashurst has previously advised Oaktree on the real estate financing and on zoning aspects of the Hotel Dolce Sitges.
This 5-star unity is dedicated to meeting and conference rooms. It has 263 rooms, a spa, a fitness center, 4 outdoor pools and one indoor pool, as well as 2,175 m2 of space dedicated to meetings.
Slaughter and May is advising Tata Steel UK Limited (“Tata Steel”) on the sale of its 42- and 84-inch pipe mills, also known as the Submerged Arc Weld (SAW) mills, to Liberty House Group. A definitive sale agreement was signed on 10 July 2017.
International legal practice Osborne Clarke has acted for CBRE Global Investors on the sale and leaseback of Park Plaza London Waterloo, a newly developed 494-room hotel and spa in Central London.
The freehold interest is to be acquired by a unit trust created on behalf of several clients of CBRE Global Investors for £161.5 million, subject to a 199 year lease to a PPHE Hotel Group entity. The lease will have an initial rent of £5.6 million per annum with annual inflation adjustments subject to a cap and a collar.
BLP acted for PPHE Hotel Group on the deal.
Orrick's Paris team advised LBO France in connection with its sale of the WEST PARK office building to AXA Investment Managers – Real Assets (acting for AXA Selectiv’ Immo).
Originally built in the 1980s, WEST PARK is a 20,000 sqm office building spread across 11 floors, including three underground levels with 200 parking spaces. The complex offers a prime location alongside the green corridor now connecting the Terrasses de l’Arche in Nanterre to La Defense, the main business district of Western Paris.
Vinge has advised Platzer in conjunction with its sale of building rights in Södra Änggården to the property developers Bonava, Peab Bostad, Månsson Fastigheter and Hökerum Bygg to a value of SEK 1.7 billion.
The properties were sold through corporate assignments with an estimated completion date of 1 January 2019. The parties will co operate in conjunction with the conversion of Högsbo industrial estate to the mixed development area Södra Änggården.
Herbert Smith Freehills has advised Propertylink on the sale of 320 Pitt Street, Sydney to ARA Australia and Straits Real Estate for AU$275 million.
Propertylink, a listed real estate investment trust, purchased the property in June 2015. The property is leased to Telstra until 2020. The sale is scheduled to settle in July 2017.
The Herbert Smith Freehills team was led by Partner, Michael Back and Executive Counsel, Leone Costigan, with Solicitor, Danica Corbett.
DLA Piper advised Dazzle Capital Holdings on the sale of a commercial property portfolio in Wolfsburg to Summit Germany Ltd.
The portfolio comprises five clusters to the south and west of the city centre and, based on the individual property values, is worth some EUR 101 million and has a gross initial yield of 7.76%. The properties have 80,000 square metres of rentable floor space and are fully let, with Volkswagen AG being among the tenants. Apart from DLA Piper, Blackbird Real Estate GmbH also provided advisory services for Dazzle.
Client name
Unilever Nederland Foods Factories B.V. - seller
Other parties involved
Zwanenberg Food Group Holding B.V.
Nature of transaction
Unilever has sold the factory in Oss which produces meat products, sauces and soups (brands have not been sold)
Value of transaction
Undisclosed, but more than 5 million
Date deal
3 July 2017
Other advisors
BarentsKrans and Houthoff Buruma counsel to Zwanenberg; NautaDutilh counsel to Zwanenberg's banks
De Brauw lead partner
Mark Rebergen
De Brauw team