Clifford Chance has advised Europa Capital LLP on the sale of the Innside Hotel in Dusseldorf to Quadoro.
Europa Capital LLP sold the property for a total amount of EUR 14.4 million, earning it a 6.25% return on investment. Quadoro is acquiring the property for the open-ended real estate fund Vescore Sustainable Real Estate Europe.
Gernandt & Danielsson advises in the transfer of shares and bonds in Candyking (the “Company”) to Cloetta and the transfer of certain other claims against the Company to Cloetta.
A Nabarro team has advised Great Portland Estates on its £435m sale of Rathbone Square, 35/50 Rathbone Place off Oxford Street in London’s West End. The development has been bought by Rathbone Place Jersey Limited, an entity owned by WestInvest Gesellschaft Für Investmentfonds mbH and Deka Immobilien Investment GmbH.
Berwin Leighton Paisner (BLP) has advised a joint venture between global real estate investment firm Hines Global REIT and global private equity firm Lone Star on the sale of six buildings at Brindleyplace in Birmingham, to HSBC Alternative Investments (HAIL).
Clifford Chance advised PATRIZIA Immobilien AG on the sale of a real estate portfolio consisting of ten office buildings located in eight cities in the federal state of Hesse.
A cross-firm team of Burges Salmon experts advised on the sale, expected to complete in Q2 2017.
Burges Salmon's corporate team has advised Virgin Active on the sale of 16 UK clubs to David Lloyd Leisure.
The cross-firm team, managed by Chris Godfrey, was led by lawyers from Burges Salmon’s corporate team and involved support from the firm’s real estate, commercial, tax and employment teams.
Ashurst advised TH Real Estate, on behalf of the Cityhold Office Partnership (CHOP) on the sale of One Kingdom Street, London, W2 for £292 m, representing a net initial yield of 4.86% and a capital value of £1,100 per sq ft. The prime office was acquired by Chinese Investor C C Land Holdings in an off-market transaction.
Valora has sold the La Praille building in Geneva to Migros for an undisclosed purchase price. Bär & Karrer acted as legal advisor to Valora in this transaction. The team included Corrado Rampini and Charles Gschwind (both Real Estate) as well as Christoph Neeracher and Luca Jagmetti (both M&A).
Slaughter and May advised RSA Insurance Group on its disposal of £834 million of UK Legacy liabilities to the Enstar Group (‘Enstar’). The transaction takes the form of a reinsurance arrangement, to be effective based on a risk transfer date of 31 December 2016, to be followed by a subsequent legal transfer of the business.
DLA Piper has advised MacGregor Hatlapa, part of the Cargotec Group, on the sale of its north German production division for complex components in the maritime fields. The buyer is the newly founded Uetersener Maschinenfabrik GmbH, a subsidiary of the Munich-based Navigator Group.
Following a professionally structured sales process over several months the asset purchase agreement was signed on 28 November 2016 and closed on 29 December 2016. The two parties involved have agreed not to disclose the purchase price.