Global law firm White & Case LLP has advised Alpha Bank A.E. on its sale to a consortium of funds managed by affiliates of Apollo Global Management and International Finance Corporation, a member of the World Bank Group, of a mixed pool of non-performing loans to Greek SMEs and, together with Alpha Bank's wholly-owned group company Alpha Leasing S.A., repossessed real estate assets in Greece.

Fried Frank advised Cording Real Estate Group in the sale of an office building in the “Science Park” of university town Ulm in Germany to Arminius Group for the special alternative investment fund VB Immo Select of Volkswohl Bund Lebensversicherung a.G., managed by HANSAINVEST Hanseatische Investment-GmbH. The lettable area amounts to 8,736 square meters and is rented out on a long-term basis to an international technology firm. The purchase price is undisclosed.

International legal practice Osborne Clarke has advised The RO on the disposal of West Park House in Southampton for £5.1 million.

The property has been sold to CIFCO Capital Limited (an investment company serving the Joint Capital Investment Strategy and Investment Fund of Babergh District Council and Mid Suffolk District Council). The money will provide The RO with capital for further acquisitions.

The RO was also advised by CBRE.

A cross-border team from Baker McKenzie recently advised the Singapore arm of the global solar firm REC on the SGD 585 million sale and leaseback of its 25-hectare industrial site in the Tuas South region of Singapore to Australia-based Logos Property. The site accommodates an integrated industrial and warehouse facility with a total gross floor area of 1.6 million square feet. The transaction is said to be the largest single-asset industrial deal completed in Singapore in 2018.

Cologne – Axion Holding GmbH, a Hamburg-based specialist in advising on, operating and managing properties for senior citizens, has sold seven existing care homes to three companies belonging to the Orpea Group of France. In addition, the Orpea Group will operate a joint venture for premium residential retirement accommodation together with Axion founder Nikolaos Tavridis.

Shearman & Sterling advised the Cyprus Cooperative Bank on the sale of certain assets and liabilities to Hellenic Bank. The transaction involved the acquisition of around €10.3 billion of assets.

The Team
    Frank Miller
    David Dixter
    Patrick Clancy
    Simon Letherman
    Barnabas Reynolds
    James Webber
    Kolja Stehl
    Brandon Whittaker
    Nick Withers

Leading law firm Herbert Smith Freehills has advised Enertrag, leading German developer, on the sale of Project Goudelancourt, a 16.8MW wind farm located in Northern France to Glennmont Partners, one of Europe’s largest clean energy investment specialists. The wind farm was developed and is currently under construction by Enertrag.