Addleshaw Goddard has supported Hitachi Rail Europe in the completion of the sale of 19 five-car Hitachi AT300 bi-mode trains to First TransPennine Express Limited with finance provided by Angel Trains Limited.
Linklaters has advised CBRE Global Investors, one of the world’s largest real estate investment management firms, on its sale of Baronen Shopping Centre in Kalmar, Sweden, to Fastighets AB Regio.
CBRE Global Investors has by way of a share transfer sold the property on behalf of the CBRE Nordic Property Fund (NPF). The mixed-use asset in Kalmar was acquired by Fastighets AB Regio, jointly-owned by Nordic private equity firm Sveafastigheter and the Swedish national pension fund AP3. The two entities set up the joint venture last year to invest in properties in Sweden.
The law firm PLMJ assisted Barclays in the sale of its business in Portugal to the Spanish bank Bankinter and this complex operation took around one year to be completed and that was coordinated by Hugo Nunes e Sá, Banking and Finance Senior Associate. The whole of Barclays’ retail and wealth business and part of its corporate banking business were transferred to Bankinter, which begins operations in Portugal as from today.
Heuking Kühn Lüer Wojtek advised Stollmann Entwicklungs- und Vertriebs-GmbH, Hamburg (Stollmann), a portfolio company of Süd Beteiligungen GmbH, on the sale of its business to Telit Communications. Süd Beteiligungen GmbH has been a minority shareholder in Stollmann since 1999.
Stollmann is a developer of protocol stacks and products for standardized communications technologies and sells hardware products, software stacks, and reference designs to OEM and ODM customers. The technology focuses on Bluetooth, NFC, ISDN, and Call Manager software.
Global law firm Norton Rose Fulbright has advised French banks, Société Générale and Crédit Agricole Corporate & Investment Bank (CACIB), on the sale of three rail car fleets and the respective leasing contracts to Alpha Trains Luxembourg (Alpha Trains). The transaction volume was in the three-digit million range. The firm also advised the banks on the repayment of the existing financing on the sold fleets.
C.W. Obel Ejendomme has announced the sale of two commercial properties to PensionDanmark for DKK 555 million.
The two commercial properties consist of a total of approx. 23,600 m2 office space with approx. 4,600 m2 basement. The properties in question are Company House in Skejby and a property located in the middle of Aarhus where BDO is headquartered.
Bruun & Hjejle has advised C.W. Obel Ejendomme.
International law firm Watson Farley & Williams (“WFW“) advised Greentech Energy Systems A/S, a major Danish renewable energy group listed on the Copenhagen Nasdaq OMX, on the sale of all its Polish wind farms, Parnowo, Ustka and Smolecin, with a total capacity of 108 MW, to EDF EN POLSKA SP. Z.O.O., a subsidiary of EDF Energies Nouvelles.
Following the sale, EDF EN POLSKA own 100% of the Project Companies and take over all further development activities and related expenses as well as the construction of the projects.
KWM has advised Travelex on the sale of its Currency Select business to Global Blue via a competitive sale process.
Cornerstone Real Estate Advisers has sold four shopping centers from its fund Nordic Retail Fund (NRF) to an international joint venture, led by Valad.
The four shopping centers are Magasinet in Örnsköldsvik, Kulan in Karlskoga, Kvarnen in Mjölby and Axet in Nyköping. The properties have a total of 45 000 square meters of leasable area.
The parties have agreed that the purchase price is confidential.
Metalsa Automotive GmbH, a German subsidiary of the worldwide automotive supplier Metalsa SA de CV, Mexico(“Metalsa”), has entered into an agreement to sell 100 percent of the shares in Metalsa Automotive Hainichen GmbH to a German subsidiary of SUMEC Machinery & Electric Co., Ltd., Republic of China (“SUMEC”). SUMEC is a subsidiary of the Chinese state-owned corporation SINOMACH. Metalsa Hainichen is active in the automotive hinges business.