An international CMS team has advised longstanding client Patron Capital on the sale of design-led hostel owner and operator Generator Hostels to Queensgate Investments, a private equity real estate fund manager. The transaction has an enterprise value of circa EUR 450m and is expected to complete in May 2017.
Ashurst has advised MMG Limited (MMG) on the sale of companies that own the large Century Zinc Mine Project in North West Queensland (Century Mine) to Century Mine Rehabilitation Project Pty Ltd (CMRP), a company owned by Century Bull Pty Ltd (Century Bull) and affiliated with the Raging Bull group of companies in a deal signed on 28 February 2017.
Norton Rose Fulbright has advised Sydney-based OneWind Australia, a Denham Capital-backed company, on the sale of its late-stage development wind projects in Australia to Singapore-based independent power producer Nexif Energy, which is another Denham-backed company.
The sale includes:
* the Lincoln Gap project in South Australia, scheduled to have 59 turbines and which could collectively generate between 150 MW and 177 MW;
* the Glen Innes project in NSW, scheduled to be a 75 MW wind farm; and
Ince & Co LLP has advised long-standing client Golar LNG on a US$187 million sale and leaseback of their 2014-built 160,000 m3 liquefied natural gas carrier the Golar Crystal with COSCO Shipping Development.
We advised the seller in a transaction where SRV and OP Tonttirahasto bought the landmark property known as the Pohjola Building located in Munkkiniemi, Helsinki. The new city plan for the property allows approximately 42,000 sqm of new residential buildings to be erected on the property. The development project is one of the largest residential development schemes in Helsinki at the moment and very welcome to ease the shortage of new residential supply in the Helsinki Metropolitan area.
Watson Farley & Williams (“WFW”) has advised DIF Erneuerbare Energien 1 GmbH and DIF RE Erneuerbare Energien 3 GmbH, subsidiaries of long-standing client Dutch Infrastructure Fund (“DIF”), on the sale of a portfolio of operational German wind farms to a subsidiary of Italian wind power operator ERG (“ERG”). The deal is scheduled to close in the second quarter of 2017, subject to consent from both the lenders and the German competition authority.
In a EUR 900 million transaction, Pradera acquires 25 shopping centres from IKEA Centres. The properties are located in Germany, France, Poland, Sweden, Finland, Denmark, the Czech Republic and Switzerland.
The gross lettable area in the 25 retail parks amounts to approximately 538,000 square metres. IKEA Centres owns and develops meeting places all around the world, always next to an IKEA store. The deal is the first for the newly formed fund Pradera European Retail Parks SCSp, which is managed by Pradera.
In a EUR 900 million transaction, Pradera acquires 25 shopping centres from IKEA Centres. The properties are located in Germany, France, Poland, Sweden, Finland, Denmark, the Czech Republic and Switzerland. The gross lettable area in the 25 retail parks amounts to approximately 538,000 square metres. IKEA Centres owns and develops meeting places all around the world, always next to an IKEA store. The deal is the first for the newly formed fund Pradera European Retail Parks SCSp, which is managed by Pradera.
GSK Stockmann has advised the sellers of the shopping center “Lui-senForum” in Wiesbaden on its sale to M&G Real Estate. The parties have agreed to keep the purchase price confidential.
The LuisenForum is located in a pedestrian area in the centre of Wiesbaden. The total space of approximately 35,000 sqm includes retail and catering areas as well as a 12-storey office tower. In addition, the shopping mall has 800 parking spaces. The retail areas are rented to Saturn, Karstadt Sports, Desigual, TK Maxx, dm, Rewe, Gant, Tom Tailor and Gerry Weber and others.
Baker McKenzie’s Kyiv office advised Billa-Ukraine, one of the largest retail supermarket chains in Ukraine, on the sale of its two supermarkets in Kharkiv, Ukraine.
Baker McKenzie’s Kyiv team working on this transaction was led by Kyiv Partner Viacheslav Yakymchuk, with key input from Associates Natalia Tyschenko, Nadiia Filozop, Alyona Furda and Oleksandr Kez.
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