Freshfields Bruckhaus Deringer has advised Commerz Real on the sale of the high-rise building "Eurotheum", located in Frankfurt's banking district. The Purchaser is GEG German Estate Group, who is acquiring the property for its Institutional Business.
The "Eurotheum" sale is the third sale in a short space of time in Frankfurt, including, inter alia, the sale of "OMNITURM" to Commerz Real, which Freshfields was involved in.
DLA Piper has assisted NewCap Holding A/S, which is listed on Nasdaq Copenhagen A/S, in selling the majority of the Group’s Swedish assets.
The transaction includes the sale of the asset-management activities, operated through Monyx Asset Management and Nordic Fund Services S.A. in Luxembourg, as well as the sale of the majority of the Group’s consultancy and insurance-mediation activities, operated in subsidiaries in Sweden under the “Hjerta” Brand.
The seed portfolio includes an investment pipeline of energy efficient ventures
Eversheds Sutherland has advised SDCL EE Co (UK) GP Limited (SDCL) on its sale to SDCL Energy Efficiency Income Trust PLC (SEEIT) of a seed portfolio of nine energy efficiency projects and three investment opportunities for an aggregate sum of £57.16 million.
International law firm Clifford Chance has advised Plastic Omnium on the sale of its Environment business to a consortium composed of Latour Capital and Bpifrance.
Founding business of Plastic Omnium, the Environment business delivers solutions for waste management through containerisation, the provision of related services as well as digital solutions to manage waste collection. It employs approximately 1,800 people globally and generated revenues of over €330 million in 2017.
Freshfields Bruckhaus Deringer has advised the UK-based private equity fund manager Benson Elliot on the share deal sale of the asset Turmcenter in Frankfurt am Main to an international investor managed by UBS. Benson Elliot had acquired the formerly vacant asset at the end of 2013 and carried out an extensive refurbishment. Besides office spaces in the 21-storey high-rise building, the property also provides for retail spaces, a café and a public parking garage.
Baker McKenzie advised Link REIT ("Link"), Asia's largest real estate investment trust, on its disposal of 12 retail properties amounting to over HK$12.01 billion to a consortium led by Gaw Capital. Link intends to use the proceeds of the sale for new investment opportunities in Hong Kong and first-tier cities on Mainland China.
Last year, Baker McKenzie also advised Link when it sold 17 similar retail assets to a consortium also led by Gaw Capital amounting to HK$23 billion.
The London Real Estate Industry team advised Angelo, Gordon & Company on the joint venture acquisition for £97.1 million of the 150-year leasehold interest in 1-5 London Wall Buildings, EC2.
The 209,307 sq. ft. Grade II listed London City office complex produces an annual rent of £4 million from 36 tenants including co-working operator London Office Space. Angelo Gordon and its joint venture partner, Endurance Land, are planning to refurbish the historic building by 2022.
Atream, a portfolio management company that specialises in the creation and management of property funds, has sold real estate complex "Thiers Lafayette" as a share deal to AEW Ciloger, acting on behalf of real estate investment vehicle Immo Diversification.
This building, for use primarily as offices, is located within Lyon's Part-Dieu central district. Delivered in 2002 by Sogelym Steiner, the asset covers 13,800 sq.m. over seven floors and is certified "HQE Exploitation". The building is fully leased to four premier tenants.
DWF has advised Burton's Biscuit Company on the sale of its chocolate manufacturing refinery in the Wirral to Swiss chocolate firm Barry Callebaut, the world's leading manufacturer of high-quality chocolate and cocoa products, for an undisclosed sum.
The deal will see the Moreton-based refinery integrated in to the Barry Callebaut network, enabling the Zurich-based business to boost its manufacturing presence in the UK and comes after the business signed a long-term supply agreement with Burton's for 12,000 tonnes of chocolate and compound per year.
Mishcon de Reya's Real Estate team, led by Partners Philip Freedman and Simon Chadowitz, advised Jon Hunt on the sale of Cannon Green, a City office block comprising 110,000 sq ft of contemporary office, restaurant, gym and retail accommodation.