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.

Slaughter and May advised Centrica plc on a sale of its 50% interest in the Lincs wind farm (“Lincs”) to the UK Green Investment Bank Financial Services managed entities and the UK Green Investment Bank plc. Siemens Project Ventures will also sell its 25% share with the remaining joint venture partner, DONG Energy, continuing to hold a 25% share in the asset.

The Procter & Gamble Company, the global consumer products industry leader successfully closed the announced USD 12.5 billion deal involving the transfer of 41 of its specialty beauty brands to Coty Inc. The transaction included P&G’s global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, along with select hair styling brands. P&G has shared that it will focus its future portfolio on 10 categories and about 65 brands that best leverage P&G's core competencies.
 

The Edinburgh office of UK law firm, Shoosmiths, has advised the Scottish Fire and Rescue Service (SFRS) on the sale of their former headquarters to the University of Edinburgh in an £8m deal.

The former headquarters, based at Lauriston Place in Edinburgh will undergo a sympathetic refurbishment, sensitive to its past use and heritage, before forming part of the Edinburgh College of Art's ambitious plans to transform the area into a hub for arts and culture.

The award-winning corporate team at Gowling WLG has acted on Dolphin Capital Investors' disposal of its Playa Grande Golf and Resort project, including the Amanera resort (the only Aman golf integrated resort in the world), to Third Point LLC, the company’s largest shareholder, acting on behalf of certain funds managed and/or advised by it.

DLA Piper has advised real estate investment company Indigo Invest on the sale of an office building in Wiesbaden as part of an asset deal. The buyer is TRIUVA Kapitalverwaltungsgesellschaft mbH. An agreement has been made between the two parties not to disclose the purchase price.

Situated in the city centre of Wiesbaden, the property DENUO has a total area of some 9,000 square metres and is fully let. The anchor tenant is Continentale Versicherungsverbund. The six-storey core property was built in the 1980s and renovated during the period 2014 to 2016.

Watson Farley & Williams (“WFW”) has advised PNE WIND AG (“PNE WIND”) on the sale of the Atlantis I wind park project to the Swedish utility Vattenfall. The completion of the sale is subject to closing conditions. Once met, the project will be transferred to Vattenfall, one of Europe’s market leaders for the realisation and operation of offshore wind projects. PNE WIND will continue to act as service provider for the project.

BLP Germany has advised CBRE Global Investors on the sale of StadtCenter Düren, a shopping centre in North Rhine-Westphalia. The centre was sold to investment firm Union Investment who purchased the property for the open-end real estate fund UniImmo Deutschland. The purchase price amounted to approximately €70m.

Ashurst is advising Tullow Oil plc (Tullow) on a substantial farm-down of its assets in Uganda to Total E&P Uganda B.V. (Total). Under the terms of the agreement, Total will acquire 21.57% in the Lake Albert development project in Uganda, with Tullow retaining a 11.76% interest in the upstream and pipeline, which would reduce to 10% when the Government of Uganda formally exercises its right to back-in.

The State of Fribourg announced that it signed a purchase deed to acquire all properties of the former animal health research sites of Elanco Centre de Recherche Santé Animale SA (a subsidiary of Eli Lilly & Company). The acquired properties are located in the communes of Saint Aubin and Avenches (consisting of areas of 277,000 sqm located in the construction zone and 986,000 sqm of agricultural land) as well as in the commune of Marly (consisting of an area of 150,000 sqm in the construction zone).