As part of the implementation of the plan to construct new headquarters and a new distribution centre to meet its logistic needs, Gasa Group Denmark A/S has transferred its shares in GASA Ejendom P/S including its present headquarters and the 13-hectare ‘GASA site’ situated near Odense in central Denmark to contracting firm H. Skjøde Knudsen A/S.
Gowling WLG has advised client Primrose Solar on its disposal of a portfolio of six solar farms, with an aggregate capacity of 78MW, to Greencoat Capital's first solar vehicle, Greencoat Solar I LP, one of 2016's largest private solar M&A deals in the UK.
The portfolio comprises solar farms in Cornwall, Wimbourn, Chichester, Ashby-de-la-Zouche, Morecambe and Hampshire, with the latter - Eveley Farm - being one of the largest sites in the country at 49MW (and in respect of which Gowling WLG advised on the acquisition and financing earlier this year).
We advised the German based open-ended real estate fund hausInvest of Commerz Real Investmentgesellscahft mbH in the sale of the shares of Life Science Center Keilaniemi Oy. The 32,000 m2 office property was sold to Nordic real estate private equity firm Niam.
Life Science Center Keilaniemi is excellently located with close proximity to the Keilaniemi metro station in Espoo. The majority of the property's users are companies concentrating on the IT and biotechnology sectors.
LB Forsikring has sold five attractive residential properties to the property company Heimstaden AB, which is listed in Sweden. Plesner advised LB Forsikring in connection with the sale of the properties.
The five properties have a total of 109 flats and an area of approximately 19,750 sqm. The total purchase price was DKK 455 million.
Herbert Smith Freehills has advised Growthpoint Properties Australia on the sale of an industry property portfolio for $142.2 million to Singapore-listed Mapletree Logistics Trust.
The portfolio consisted of four premium logistics assets all located in Victoria with high quality tenants including Woolworths and Automotive Holdings Group. The assets sold were:
* 28 Bilston Drive, Barnarwartha;
* 99-103 William Angliss Drive, Laverton North;
* 213-215 Robinsons Road, Ravenhall; and
* 365 Fitzgerald Road, Derrimut.
Clifford Chance advised Commerzbank AG on the sale of the former Commerzbank tower in Frankfurt to a company of GEG German Estate Group AG. The transaction is subject to antitrust clearance.
Ashurst advised the financiers and the institutional investors (bondholders) in relation to the sale of Etrion Corporation's Italian solar portfolio to EF Solare Italia, a joint venture owned equally by Enel Green Power S.p.A. and Fondo Italiano per le Infrastrutture "F2i".
EF Solare Italia purchased Etrion S.p.A., which owns 60MW of Etrion’s total portfolio in Italy, for a cash consideration of approximately €73 million and the projects' debt assumption for €198 million in relation to the transaction that was completed on 12 December 2016.
Ashurst is advising Johnston Press plc in connection with its disposal of 13 publishing titles and associated websites in East Anglia and the East Midlands to Iliffe Media Limited. The disposal progresses plans to focus Johnston Press' business on its selected geographic markets, audience profile and digital growth.
The Ashurst team is being led by corporate partner Karen Davies, assisted by associate Claire Broom, and solicitor Amber Walker.
MacRoberts (led by Alan Kelly) is advising Johnston Press on matters of Scots law.
The firm acted for Mount Street Mortgage Servicing Limited and also for the receivers KPMG
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised on the sale of the London landmark CityPoint Tower to Brookfield Asset Management (‘Brookfield’) for in excess of £530m. The firm acted for Mount Street Mortgage Servicing Limited (‘Mount Street’) and also for the receivers KPMG.
After Castellum's acquisition of Norrporten, the second-largest property deal in Sweden of all times, Castellum announced that divestments would be completed to finance the acquisition of Norrporten. To carry this out, Castellum has during the autumn for example sold a larger property portfolio divided into four transactions and at a total sales price of just over SEK 5,700 million.