Advising Emerige & AOG Groupe in connection with the sale through a share deal to Amaury group of the office building “Quai Ouest” located in Boulogne Billancourt involving a total surface area of 15,800 sq.m.
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.
Bird & Bird's Energy & Utilities team has advised its long-term client Goldbeck Solar Ltd on the sale of its 49.6 MW operational UK solar asset, Sandridge solar farm, to Foresight Solar Fund Limited (“FSFL”).
Sandridge is one of the largest solar farms in the UK, and the deal was FSFL’s second largest acquisition.
Goldbeck Solar acquired the project in 2015, connected the asset to the grid in March 2016 and secured a 1.3 ROC subsidy banding for the site.
Mayer Brown has advised British Land on the sale of The Leadenhall Building for a headline price of £1.15 billion to C C Land, the Hong-Kong listed property development company.
British Land and Oxford Properties, the global real estate arm of OMERS, developed and own The Leadenhall Building, also known as the 'Cheesegrater', as an investment in a 50/50 joint venture formed in 2010. Construction of the tower started in early 2011 and completed in summer 2014.
Hannes Snellman acted as a counsel to Barings Real Estate Advisers, acting on behalf of the Nordic Retail Fund in its disposal of 50% stake in the Kamppi shopping centre. The 50% stake, which values the centre at over EUR 500 million, is to be acquired on behalf of TH Real Estate’s flagship’s pan-European investment vehicle, the European Cities Fund, and thereby creating a 50:50 joint venture partnership with Allianz.
Ashurst has advised MMA Offshore Limited and relevant seller subsidiaries ("MMA") on the sale of its Dampier Supply Base to Toll Transport Pty Limited (part of the Toll group). Toll will pay MMA A$44.1 million in cash on completion, subject to certain customary adjustments.
Following the sale, MMA will continue to operate the Dampier Slipway facility under a licence agreement for at least 12 months, to support its vessel operations. MMA will also continue to utilise the Dampier Supply Base to support vessel operations under a service agreement with Toll.
Clariant Produkte (Deutschland) GmbH has sold the real property of the former headquarters of Süd-Chemie AG in Munich to Rock Capital. The Parties agreed on confidentiality with regard to the transaction volume.
London—Dentons has advised Nordian UK, part of the Gamma group, a Spanish technological group with a strong focus on renewable energy, on the sale of its solar PV project at Wick Farm, Somerset. Nordian UK sold its shares in the project company to a leading solar developer in the latest of a series of transactions for Gamma relating to its Wick Farm projects.
Herbert Smith Freehills has advised on the A$76 million sale of a prime office asset in Sydney’s St Leonards on behalf of funds managed by the Brompton Asset Management Group in London.
Located at 72 Christie Street, the property was sold to Proprium Capital Partners (Australia) Pty Ltd, with settlement of the deal finalised last month.
The property is currently leased to WPP AUNZ Ltd (formerly known as STW Communications Group Limited).
Herbert Smith Freehills has advised Propertylink on the sale of two industrial properties in Victoria and Queensland worth a combined total of A$73.1 million.
Located in the outer Melbourne suburb of Derrimut and the outer Brisbane suburb of Parkinson, both properties are refrigerated logistics warehouses tenanted by Rand Refrigerated Logistics. The Derrimut property sold for A$36 million and the Parkinson property sold for A$37.1 million.