Herbert Smith Freehills has advised Travis Perkins, the UK’s largest supplier to the building and construction industry, on the sale and leaseback of a £37.8 million portfolio of Wickes DIY units and a Travis Perkins trade unit with clients of Investra Capital. This is the second sale and leaseback deal the firm has acted on.
Clifford Chance has advised PJSC MMC Norilsk Nickel (“Nornickel”), a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium, on the sale of its equity interest in the company which owns the Legion TI Business Center, to RCP Investments II Ltd. for the total amount of approximately US$100 million.
White & Case LLP has advised a primary financial institution on the sale to Banca IFIS S.p.A. of eight portfolios of secured and unsecured non-performing loans with an aggregate nominal value of approximately €413 million.
The White & Case team in Milan which advised on the transaction was led by partner Gianluca Fanti and local partner Giuseppe Barra Caracciolo together with associates Francesco Scebba, Silvia Totti and Riccardo Verzeletti.
Real I.S., the German-based property investment company, on the disposition of the office building Hollandia located in Amsterdam consisting of approximately 9,950 sqm for a total value of EUR 60.5 million.
Valad Europe, the UK-based European multi-let real estate investment manager, on the disposition of 7 Dutch office buildings consisiting of 43,761 sqm for a value of EUR 34,850,000 million.
Blackstone, the US-based listed multinational private equity, investment banking, alternative asset management and financial services corporation, on the disposition of shopping centre Parade in Nootdorp the Nethelrands of approximately 14,600 sqm containing 54 shops for a value EUR 53.4 million.
Herbert Smith Freehills has advised TC Advisors Australia Investment Management Pty Ltd (“TrustCapital Advisors”) on an office sale valued at A$321 million to South Korea’s Mirae Asset Financial. It is the largest property deal in Australia since the start of 2017.
The commercial property at 50 Marcus Clarke Street, Canberra includes the federal government as a tenant.
The Herbert Smith Freehills team was led by senior associate Carla Deluca and solicitor Emma Larkin and supervised by partner David Sinn.
Eversheds Sutherland (International) completes $1.025 billion disposal of WestRock Company’s home, health and beauty division to Silgan Holdings Inc.
NYSE listed WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. With 39,000 employees, it operates from 250 sites located in in Canada, Mexico, South America, Europe and Asia. The consideration was for $1.025 billion cash plus the assumption of approximately $25 million in foreign pension liability.
Dentons' Real Estate team advised Skanska on the €62 million sale of the Maraton office building in Poznan, Poland to Union Investment.
With its innovative architecture and central location in the business district, Maraton is one of the most prestigious newly-constructed office buildings in Poznan, offering more than 25,000 sq.m. of gross lettable area and 300 parking spaces.
Pawel Debowski, Chairman of Dentons' Europe Real Estate Group, supervised the project. He was supported by Partner Bartlomiej Kordeczka and Senior Associate Martyna Racz-Suchocka.
Macfarlanes has advised FTSE 250 property investment company, CLS Holdings plc, on the sale of its 1.5m sq ft mixed-use Vauxhall Square development to Chinese property developer R&F Properties, for a gross consideration of £157.77m.
With one third of its UK property portfolio situated in the Vauxhall area, CLS Holdings plc has considerable experience in this market and is expected to see profits on disposal of around £40m after costs.