DLA Piper has acted for joint administrators Benjamin Wiles and Paul Williams, of Duff & Phelps, on the sale of the tourist attraction Fantasy Island in Skegness as a going concern for an undisclosed sum to Mellors Group, the international leisure group.

The news signals positive change for Fantasy Island, which was placed into administration on 4 August 2014. In the high season, the attraction draws up to 40,000 visitors and provides a significant boost for the local economy.

Shearman & Sterling is advising General Electric Corporation (GE) on the sale of its commercial lending and leasing businesses in India, GE Capital Services India (GE Capital) and GE Money Financial Services Private Limited (GE Money), to a consortium of former GE Capital management backed by AION Capital Partners. The deal is subject to customary regulatory approvals.

UBS, and a Georg Fischer group pension fund as UBS' customer, asked Pestalozzi to advice on a transfer of the pension fund's complete direct real estate investments portfolio. The transfer was made in exchange for shares in a regulated UBS real estate fund. The deal was particularly challenging from a tax perspective. In addition, the transaction was governed by complex restrictions under local real estate laws which had to be mitigated.

Shearman & Sterling advised Engie Global Developments B.V (Engie) and International Power (Impala) on the sale of their stake in the Paiton power plant in Indonesia to Qatari infrastructure investment firm Nebras Power Q.S.C (Nebras). The deal is expected to close in the second half of 2016, subject to customary approvals and regulatory consents.

Paiton is Indonesia’s largest independent power producer with over 2,000 megawatts (MW) of operating base. It represents four per cent of Indonesia’s total installed capacity.

Watson Farley & Williams (“WFW”) advised DONG Energy (“DONG Energy”) on its sale of a 50% stake in the 258 MW Burbo Bank Extension UK offshore wind farm project to Danish pension provider PKA and KIRKBI A/S, parent company of the LEGO Group. This is PKA’s fifth investment in an offshore wind farm, three of which are with DONG Energy.

Each investor will obtain a 25% ownership interest in the project. The total purchase price amounts to approximately £660m (DKK 6.6bn) to be paid in the period 2016-2017.

Berwin Leighton Paisner (Germany) LLP advised Valad Europe on the disposal of a portfolio of seven fully let properties totalling approximately 50,000 sqm of lettable space to the open real estate alternative investment fund BEOS Corporate Real Estate Fund Germany III (“CREFG III”) for over EUR 60 million.

The sale was carried out on behalf of the V+ mandate which Valad Europe has managed since 2013. The properties are located in Düsseldorf, Nuremberg and Puchheim and are used for office and industrial purposes.

On February 26, 2016, General Electric Company (GE) closed its transaction to divest select power generation assets to Ansaldo Energia. GE first announced the transaction in September 2015 when the European Commission and the U.S. Department of Justice approved GE's acquisition of Alstom's Power and Grid business on the condition that GE would commit to divest segments of Alstom's heavy-duty gas turbine business.

P+P Pöllath + Partners advised the owners of the Frankfurter Büro Center (FBC) on the sale of the property.

Completed in 1981, the skyscraper in Frankfurt's Westend area has a gross area of approximately 52,000 square meters. The key tenant is the law firm Clifford Chance.
P+P Pöllath + Partners advised on all tax-related issues with the following team:

* Sören Reckwardt (counsel, tax)
* Dr. Hardy Fischer (partner, tax, both Berlin)

Noerr has advised the shopping centre company Unibail-Rodamco Germany GmbH (formerly mfi Management für Immobilien) on the sale of the post office site next to Würzburg Central Station. The buyer is the project development company Beethovengruppe.

The German subsidiary of Unibail-Rodamco SE, the largest listed company in Europe in the commercial real estate sector, is selling a site of some 33,500 square metres in Würzburg, Bavaria. The site is to be completely transformed over the next few years.

Noerr has advised Burg Silvergreen Immobilien GmbH, a holding of China International Marine Containers Groups Ltd. (CIMC), on the sale of its German production facility in the Bavarian town of Günzburg to Peri-Werk Artur Schwörer GmbH Co. KG. Apart from office and production space, the transaction also covered surrounding building land. The parties agreed to keep the purchase price confidential.