Art-Invest Real Estate has acquired an office building in Frankfurt am Main from Contraco GmbH. GvW Graf von Westphalen advised Contraco GmbH, which has its registered office in Oberursel/Taunus and is involved in residential and commercial construction as a project developer and general contractor.
We advised Real Estate Fund Finland I, a fund managed by OP Property Management Ltd, in the sale of a large real estate portfolio to international investor M7 Real Estate.
The transaction consisted of 12 properties located in different parts of Finland consisting of office, business, multi-purpose and warehouse space amounting to a total surface area of approximately 64,000 m².
Slaughter and May is advising SVG Capital plc (“SVG Capital” or the “Company”) in connection with the takeover offer made by HarbourVest Structured Solutions III L.P. (“HarbourVest”) and the subsequent agreement entered into on 18 October 2016 with HarbourVest for the sale of the Company’s investment portfolio for approximately £807 million (the “Transaction”).
Herbert Smith Freehills has advised a consortium of IFM Investors and AustralianSuper on their agreement for the A$16 billion sale and long-term lease of 50.4% of the Ausgrid electricity network in New South Wales.
Allen and Overy advised HB Reavis' Central Europe Real Estate Fund (CEREIF) on the sale of its retail asset Aupark Piestany to New Europe Property Investments (NEPI) for EUR39.5million.
Simmons & Simmons has advised Meyer Bergman on the sale of the Karstadt department store at Berlin’s Wilmersdorfer Strasse to Redevco.
The Meyer Bergman managed fund Meyer Bergman European Retail Partners II had purchased the 22.500 m² property in early 2014.
Meyer Bergman is a European real estate investment and fund management firm headquartered in London which specialises in retail real estate.
Travers Smith has advised certain members of the management team of Partnerships in Care, one of the UK's largest independent providers of inpatient behavioural healthcare services, in relation to the proposed sale of a portfolio of 22 hospitals by its ultimate parent company Acadia Healthcare Company, Inc. (“Acadia”) to funds managed by BC Partners.
Olswang's Real Estate team has completed on a property asset sale for long-standing client Alecta, one of Sweden's largest pension fund managers. Led by Partner Martyn Needham, the deal is one of the biggest UK real estate deals of 2016.
The transaction sees Alecta sell to Goldman Sachs its entire UK portfolio of real estate assets located in and around London, which comprises 26 properties including industrial, office, big box and high street retail units.
Schoenherr Prague has advised Aiga Eastern Europe Investments S.a r.l. ("AIGA") on the sale of Wratislaw Palace, a historical heritage property in Prague, to TTP invest, uzavreny investicni fond, a.s. ("TTP invest"). The financial terms of the transaction will not be disclosed.
The real estate team at national law firm Shoosmiths has advised leading games retailer GAME on the sale and leaseback of its head office premises and distribution centre in Basingstoke.
The listed company sold its freehold property interests of the distribution centre and head office buildings to Portsmouth Estate Developments Ltd for £13.5m.
The new lease for the distribution centre and head office property is for an initial 17-year term with a tenant only break clause after 12 years and an annual rent on commencement of £1.06m.