Vinge advises Håfam Properties AB in connection with the disposal of the properties 2:106, Sätofta 6:23, Sätofta 6:88, Långstorp 1:34, Långstorp 1:35, Bosjökloster 1:753 and Bosjökloster 1:756 through a disposal of a property owning company.
Vinge's team consisted of Kristian Ford together with Anna Edström and Karolina Tjärnberg.
As announced by the State of Fribourg in January 2017, it entered into agreements for the acquisition of all Swiss properties of the former animal health research sites of Elanco Centre de Recherche Santé Animale SA (a subsidiary of Eli Lilly & Company). The transaction was successfully completed in June 2017. The acquired Swiss properties consist of more than 1.4 million square meters of land located in the communes of Saint Aubin and Avenches as well as in the commune of Marly.
Slaughter and May advised Centrica plc on the sale of its operational Langage and South Humber Bank combined cycle gas turbine (CCGT) power stations with a combined capacity of 2.3GW to a subsidiary of Energeticky a prumyslovy holding, a. s. (EPH) for £318 million in cash (subject to customary working capital and other completion adjustments).
The transaction is subject to EU merger clearance and is expected to complete during the second half of 2017.
Contacts
Corporate: Tim Pharoah (partner), James Odom (associate), Oliver Gratton (associate)
Osborne Clarke has advised the senior leadership teams of a joint venture between Topland Group, Marick Capital and Mill Lane Estates on its sale of the Holiday Inn Express, Trafford City to Meteorite Group, a wholly-owned subsidiary of Hiap Hoe, for £26million.
Opened in May 2017, the 220-bedroom hotel is currently operated by Tower Management Limited in an arrangement which will continue under a management agreement on behalf of Meteorite Group.
In a sale and purchase agreement with the European property fund Kildare Partners, Kungsleden AB (publ) is selling 18 industrial and warehouse properties at a total sales price of SEK 882 million before deduction for deferred tax. The 18 properties divested have a gross leasable area of just over 277,000 square meters and a rental value of SEK 110 million.
Kungsleden was advised by Mannheimer Swartling in the transaction.
Cuatrecasas has advised the Wanda Group on the sale to the Baraka Group of the España building in Madrid. The sale process, which lasted almost a year, concluded successfully on June 1.
Mengus' second fund, Mengus 2011, is selling the office property Duvan 6, by Mengus named Copper Building. The site leasehold, which is located in close proximity to Stockholm Central Station, comprises 9,700 square metres of leasable space and is being divested to KPA Pensionsförsäkring, a subsidiary within the Folksam Group.
Mengus is a property-oriented private equity firm, focusing on office properties in Greater Stockholm.
Mengus was advised by Mannheimer Swartling in the transaction.
Herbert Smith Freehills has advised LaSalle Funds Management in the sale of two major Sydney large format retail centres for $436 million to Aventus Retail Property.
The sale of the Centres, Home Hub Castle Hill, which sold for $336 million, and Home Hub Marsden Park, which sold for $100 million, represented a weighted average capitalisation rate of 5.60 per cent. The transaction is significant for the Sydney metropolitan retail market and demonstrates continued confidence in large format retailing.
On June 2, 2017, Fibi Bank (Switzerland) Ltd (Fibi), a subsidiary of The First International Bank of Israel Ltd, and CBH Compagnie Bancaire Helvétique SA (CBH) completed the sale and transfer of Fibi's banking relationships and clients' assets to CBH. Lenz & Staehelin advises the Fibi group. The team includes partners Tino Gaberthüel (Corporate and M&A), Stefan Breitenstein (Banking and Regulatory) and Matthias Oertle (Employment and Pension) as well as associates Robin Hauser, Alex Wille, Thierry von Aarburg, Stephan Brandner and Max Zickler.
DLA Piper has advised EVRAZ, one of the leading steel producers in the world, on a major transaction with Berklemond Investments Ltd, a company of the DCH Group, for US$110 million of gross consideration, adjustable for the actual level of working capital and debt.
The transaction involved the disposal by EVRAZ of the entire issued share capital of Kadish Limited, the holding company of EVRAZ Sukha Balka, one of the leading Ukrainian enterprises specialising in iron ore underground mining.