Schoenherr has advised Erste Group Immorent AG ("Erste Group Immorent") on the sale of Immorent Jilska s.r.o. ("Immorent Jilska"), which owns the landmark office building ENTERPRISE, to Starship Enterprise a.s. ("Starship Enterprise"). The purchase price totalled approx. CZK 3bln (over EUR 110m), and the closing took place on 14 November 2016.
Paul Hastings LLP has advised Invesco Real Estate on the conclusion of a sale and purchase agreement with Swedish hotel owner Pandox AB (publ) to sell seven hotel properties in Europe – four in Germany, two in Austria and one in the Netherlands – with a total of 1,744 rooms. The hotels are of very high quality, positioned in the upper full-service segment and operated by well-known hotel operators under long-term revenue-based lease agreements with good rental guarantee levels.
Setterwalls has assisted KF Fastigheter in its sale of three retail development properties in Tumba, Motala and Trelleborg. The development properties, with a total area of 18.400 square metres , were acquired by NREP.
Setterwalls team was led by Niklas Svantesson and assisted by Girion Blomdahl and Dan Örnfjäder
Davis Polk is advising the special committee of the board of directors of Origin Agritech Limited in connection with the sale of its commercial corn seed production and distribution assets located in the PRC to Beijing Shihui Agricultural Development Co., Limited, a company controlled by the brother of the chairman of Origin’s board of directors. Origin will retain the current seed breeding and biotech operations as well as the seed intellectual property assets, and will remain listed on the NASDAQ Global Selected Market.
DLA Piper has advised Deutsche Fonds Holding AG on the sale of all shares (99.95 percent) held in the property 20 Moorgate, London, via the closed-end real estate fund EuroSelect 11, to Asian Growth Properties Limited. The sale price was in the region of GBP 155 million.
Built in 2002, 20 Moorgate is located in the heart of the traditional banking district of the City of London. The long-term principal tenant of the office property is the Bank of England, which occupies 97.2 percent of the gross lettable area. EuroSelect 11 acquired the property in 2005.
Roschier represented Warburg-HIH Invest Real Estate GmbH, one of Germany's leading managers of real estate special AIF with more than EUR 5 billion in real estate assets under its management, in the divestment of the Sturenkatu 21 office building to eQ Finnish Real Estate.
Roschier represented Trevian Care II Ky, a real estate equity fund managed by Trevian Asset Management Oy, in the divestment of a real estate portfolio consisting of 12 daycare properties to the Norwegian real estate company Pioneer Property Group ASA. The properties are located in the Helsinki metropolitan area and other Finnish cities and leased out to a private daycare operator.
The transaction represented Pioneer Property Group's entry on the Finnish real estate market.
DWF has advised private real estate fund management business Clearbell on the sale of its 1.6m sq ft Nevado portfolio following a two-year investment.
Thommessen has assisted Nordkraft in its sale of wind power to Fortum, totalling approximately 170 MW.
The transaction consists of the Nygårdsfjellet wind farm, which is already operational, as well as the fully-permitted Ånstadblåheia and Sørfjord projects. Fortum and Nordkraft have also agreed on co-operating on the construction and operation of the wind farms.
Fortum is a leading energy company with focus on development, construction and distribution of renewable energy.
Paul, Weiss client NorthStar Realty Finance Corp. announced that it has agreed to sell a $1 billion joint venture interest in its health care real estate portfolio, at a total valuation of $6.1 billion, to Taikang Insurance Group. Taikang, a leading Chinese insurer, will have a 19 percent interest following the transaction, which is expected to close in the first quarter of 2017.