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Asset Sale: Seller's Counsel

Clifford Chance advises on Pan-European outlet sales for EUR 1.2 billion

05 Dec 2016

A cross border team from Clifford Chance has advised IRUS European Retail Property Fund, one of the largest pan-European private-capital property investment funds specialising in outlet centres, sponsored and managed by NEINVER Group, on two concurrent pan-European sales of ten outlet centres at a combined value of EUR 1.28 billion

Clifford Chance advises METROINVEST on the sale of "Wolkenbügel" in Düsseldorf

05 Dec 2016

Clifford Chance advised a subsidiary of Spanish METROINVEST (Grupo Metrópolis) on the sale of the Port Event Center ("Wolkenbügel") in Düsseldorf. The purchaser is a fund managed by Cologne-based real estate investment and asset management company Art-Invest Real Estate. The parties have agreed not to disclose the purchase price.

Advising GreenYellow in connection with the sale to DIF Infrastructures IV

02 Dec 2016

Advising GreenYellow in connection with  the sale to DIF Infrastructures IV of 85% in the share capital of a portfolio holding of 7 roof-integrated power plants on Casino’s mall and hypermarkets car parks with a capacity of 10 MWc  and located in the south of France and in Corsica, and in the refinancing of this portfolio.

WFW advises CMB Financial Leasing on US$648m sale and leaseback of eight vessels

30 Nov 2016

Watson Farley & Williams (“WFW”), advised CMB Financial Leasing Co. Ltd (“CMB”) in respect of: (i) the sale of eight container vessels by NOL Liner (Pte.) Ltd to certain Singapore incorporated SPVs wholly owned by CMB International Leasing Management Ltd; and (ii) the bareboat charter of each vessel by the relevant buyer to APL Co. Pte. Ltd.

The transaction was backed by French incorporated CMA CGM, of which both NOL Liner Pte Ltd and APL Co Pte Ltd are indirect subsidiaries.

Olswang advises Kaupthing on the sale of its stake in West End development Fitzroy Place

29 Nov 2016

Olswang has advised Kaupthing ehf on the sale of its 50 per cent interest in the Fitzroy Place development to Ashby Capital LLP. The sale valued Kaupthing's stake at £217.1m, with Aviva Investors retaining its 50 per cent share of the joint venture which owns Fitzroy Place.

Fitzroy Place comprises approximately 250,000 sq ft of office and retail space as well as a health centre and 290 apartments. Olswang had originally advised Kaupthing on the establishment of the joint venture with Aviva Investors in 2010 and the subsequent development of the scheme.

Gide, counsel to Rivadis Group on the sale of the Société des Thermes de Saint-Gervais-les-Bains and licence to use the Saint-Gervais Mont-Blanc brand to L'Oréal

29 Nov 2016

Gide has advised Rivadis Group, which specialises in cosmetics, on the sale to L'Oréal of (i) the Société Thermes de Saint-Gervais-les-Bains, which operates the Saint-Gervais-les-Bains spa establishment as part of a public service delegation contract, and (ii) of its cosmetics and skincare production and commercialisation business, under the brand name Saint-Gervais Mont-Blanc. The deal was closed on 7 November 2016.

CHSH advises WM Invest GmbH on its successful sale of six specialist shopping centres in Slovakia

29 Nov 2016

CHSH advised the WM Invest Group on the sale of six specialist shopping centres in Slovakia. The transaction was structured as a share deal.

The specialist shopping centres in Bratislava, Michalovce, Prievidza, Roznava, Bardejov and Presov cover the territory of Slovakia from the Austrian to the Ukrainian border, with total rentable space of approximately 50,000 m².

The team at CHSH was headed by partner Johannes Aehrenthal (M&A/Real Estate). In addition to Aehrenthal, the team also included Stefanie Heimel (Real Estate).

Allen & Overy advises CORESTATE Capital in relation to the sale of Austria’s Largest Student Housing Asset in Vienna and a German Student Housing Portfolio in Bayreuth, Frankfurt am Main, Mainz and Potsdam

24 Nov 2016

Allen & Overy has advised the Luxembourg real estate investor CORESTATE Capital in relation to the sale of Austria’s largest student housing asset as well as its German Student Housing Portfolio to a fund vehicle launched on the fund platform of Universal-Investment as part of the new real estate umbrella funds platform launched by CORESTATE and Bayerische Versorgungskammer. Binder Grösswang Rechtsanwälte GmbH assisted Allen & Overy with regard to Austrian legal questions.