- Energy costs and energy security a concern for business
Pinsent Masons has advised WElink Energy, Compton Group and British Solar Renewables on the sale of Shotwick Solar Park to Foresight Solar Fund Limited.
The Shotwick Solar Park, located in Deeside, North Wales is the UK's largest operational Solar Park, with an installed capacity of 72.2MW.
After Castellum's acquisition of Norrporten, the second-largest real estate deal in Sweden of all time, Castellum announced that divestments were to be made to finance the acquisition of Norrporten. Therefore, Castellum has during the autumn of 2016 entered into share purchase agreements for the sale of a major real estate portfolio divided into four transactions and at a total sales price of just over SEK 5.7 billion.
Clifford Chance's Prague office has advised CBRE, a Fortune 500 real estate company with offices in more than 64 countries worldwide, on the sale of its high-quality retail portfolio in Central and Eastern Europe to CPI PROPERTY GROUP (CPI). The transaction is valued at over EUR 600 million and will see properties including 11 shopping centres change hands across the Czech Republic, Poland, Hungary, and Romania.
The Freshfields team was led by partners Patrick Cichy and Alexander Glos
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised HSH Nordbank on the sale of a loan portfolio worth €1.6bn. The overall portfolio comprises an aviation finance portfolio, which was sold to Macquarie Bank, and a portfolio of loans for European commercial real estate, which was sold to Bank of America Merrill Lynch.
DLA Piper advised Kayne Anderson Energy Funds and Silver Hill Energy Partners Holdings, LLC, in the sale of Silver Hill's midstream assets to Targa Resources Corp.
Targa's midstream acquisition includes Outrigger Delaware Operating, LLC, a joint venture between Silver Hill and Outrigger Energy, LLC that was created to build scalable gas gathering, gas processing and crude gathering infrastructure to support the development of Silver Hill's upstream assets and surrounding third party producers in the Delaware Basin.
Linklaters has advised Brookfield Property Partners on the successful sale of a 50% stake in the Principal Place development to the Italian asset management company Antirion SGR. The deal is based on a total valuation for the office and retail portion of the development of £763 million.
Berwin Leighton Paisner has advised Valad Europe on the disposal of the High Return Portfolio to M7 Real Estate. The portfolio comprises ten properties in Germany with a rental area totalling 103,000 sqm. The transaction volume is approximately €63.5m.
Berlin – French investment fund LFPI Hotels FPCI has sold ten hotels in German cities to the Swiss Life Group and a French co-investor as part of a cross-border share deal and leased them back on a long-term basis via its German subsidiary, Cologne-based LFPI Hotels Management Deutschland GmbH. The transaction involves a total of ten hotels with 905 rooms in cities including Berlin, Hamburg and Düsseldorf. The purchase price was not disclosed.
Hannes Snellman acted as counsel to a fund managed by J.P. Morgan Asset Management in its disposal of a 11,200 sqm office property in Helsinki to a fund managed by Genesta.
Our core team in Helsinki comprised Tapio Teräkivi, Maria Lassenius, Heikki Vesikansa, Katja Heikkinen, Ninja Heikkilä, Janne Veneranta and Tuuli Pikkarainen.
Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the sale of the Sky office building at media location Unterföhring, near Munich, to Union Investment Real Estate Austria (Union Investment Austria).
Until now, the property, which is fully rented to media company Sky Deutschland, belonged to the real estate special fund Warburg-HI Pan-Europa Fonds Nr. 3, one of the best performing special funds of the benchmark index SFIX.