GSK Stockmann + Kollegen advised the Diringer & Scheidel Group on the sale of Mannheims’ new city quarter Q 6 Q 7 by way of a share deal. This project is the largest ever in the company’s history of Diringer & Scheidel and at the same time one of the largest and most important inner-city projects in Mannheim during the last few decades. The parties agreed not to disclose the purchase price.

The Madrid office of Eversheds has advised Credit Suisse on the sale of the former headquarters of Philatelic Forum in Madrid for €30.8 million to Mutua Madrileña, one of the main insurance companies in Spain.

The building acquired by Mutua Madrileña, which belonged to a real estate Credit Suisse fund, is located at José Abascal 51, in the best business area in Madrid and along the Paseo de la Castellana. The new building has a total area of 3,600 square metres which are distributed over 7 floors, plus 62 parking spaces.

Global law firm Norton Rose Fulbright has advised real estate developer HB Reavis on the sale of 33 Central, London, to US bank, Wells Fargo.

33 Central is a state of the art 11-storey, 227,000 sq/ft building in London’s financial district, designed by award-winning British architecture practice John Robertson Architects, with panoramic views of the City of London and the Thames from the roof garden.

Neil Biswas, partner, Norton Rose Fulbright commented:

[Frankfurt am Main, 2016-07-22] GÖRG advised the leading healthcare and life sciences business Merck KGaA (Darmstadt) on its sale of a pre-clinical research facility in Grafing near Munich to Nuvisan Pharma Grafing GmbH, a business of the Nuvisan group. The undertaking sold is a specialised facility in the area of drug metabolism and pharmacokinetics. In total, about 40 staff members are employed by the facility. The transaction was structured as a sale of assets.

Addleshaw Goddard has advised long standing retail property client an plc ("Hammerson") on part of its disposal programme involving two key asset sales.

In June, the AG team advised on the sale of Thurrock Shopping Park, Essex, to TH Real estate for £93 million after a significant redevelopment programme by Hammerson. The company is retaining a 26 acre site at Thurrock for development, with the aim of building additional retail alongside 320 residential units.

The Hong Kong office of Eversheds has advised Datang International Power Generation Co., Ltd (Datang Power) on the disposal of its coal-to-chemical business with net assets of RMB7,132 million (US$ 1 billion).

We assisted Aberdeen and the DEGI Europa Fund owned by Commerzbank AG, and managed by Aberdeen, in the sale of Tieto Corporation’s current headquarters to the Finnish pension insurance company Veritas.

The headquarters property is located in Lassila, Helsinki. It is a modern office property with a total leasable area of approximately 22,600 m2. The office buildings are situated in a visible location near Kehä I (Ring Road I). Further information is available in Veritas’s press release (only in Finnish).

London – Paul Hastings LLP, a leading global law firm, announced that it has advised Invesco Real Estate on a series of transactions:

* the sale of the Radisson Blu Hotel in Hamburg to Azure Hotels, which was one of the largest single asset hotel transactions in Germany in 2015
* the sale of the Holiday Inn Hotel and the Indigo Hotel in Berlin to Azure Hotels

Charles Russell Speechlys has advised Ekistics Real Estate Partners I (“Ekistics”) on its successful divestiture of the Mowbray Court Hotel, a limited-service, three-star budget hotel and the leading asset of its kind located in Earls Court, London, to an experienced Middle Eastern hospitality group.

Ekistics is a real estate private equity fund mandated to invest in direct equity, intermediate capital and debt opportunities in Western Europe with a focus on the generation of a consistent return profile, and downside protection, across property cycles.

Arise, which is listed on Nasdaq OMX Stockholm, is an energy company selling electricity produced in their own and jointly owned wind farms as well as selling and operating wind projects. The wind farm has a total effect of 12.8 MW.

Allianz Global Investors is an active investment manager that manages 412 billion EUR in assets for individuals, families and institutions worldwide.

Setterwalls assisted Arise.  Setterwalls’ team was led by Jonas Frii assisted by Ludwig Isell-Lind af Hageby (M&A).