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Asset Sale: Seller's Counsel

Setterwalls has assisted KF Fastigheter in the sale of two development properties in Backaplan/Hisingen

25 Jan 2016

Setterwalls has assisted KF Fastigheter in the sale of two development properties with an approximate land area of 90 000 sq. m. to Skandia Fastigheter. The properties are located in in one of Gothenburg's most expansive areas – Backaplan/Hisingen.

Setterwalls team was led by Kristina Einarsson, assisted by Nicole Hervidsson

Hannes Snellman Counsel to Ahlstrom in the Divestment of its Building & Wind Business Unit

25 Jan 2016

Ahlstrom has signed an agreement to divest its building & wind business unit to Owens Corning. Hannes Snellman acted as counsel to Ahlstrom. Our team included Johan Aalto, Heidi Haanpää, Valentin Golovanov, Heikki Vesikansa (Tax), Katja Jaakkola (Competition), Anu Mattila (Russia) and Kaisa Fahllund (IP).

Herbert Smith Freehills has advised LCR on the sale of their interests in the King's Cross Central Partnership

25 Jan 2016

Herbert Smith Freehills has advised LCR on the sale of their interests in the King's Cross Central Partnership (which is the entity that owns and is developing King's Cross Central) to AustralianSuper following the conclusion of a competitive bid process. Real estate partner, Julian Pollock, and corporate real estate senior associate, Paul Chases, led the Herbert Smith Freehills team on the sale.

King's Cross Central (which is one of Europe's most important city centre regeneration projects) is the 67 acre site lying between King's Cross and St Pancras Stations.

Clifford Chance advises Tristan Capital Partners and caleus capital investors on the sale of an historic property in Berlin

22 Jan 2016

Clifford Chance has advised an investment company advised by Tristan Capital Partners and caleus capital investors gmbh on the sale of the historic Haus Friedrichstadt office and retail property situated at Friedrichstrasse 194-199 in Berlin/Mitte.

The purchaser is an investment group of the Credit Suisse Investment Foundation. The group is acquiring sole ownership of this high-end property as part of an asset deal. The total lettable area of the property is around 7,000 square metres and the purchaser will be taking over all existing leases.

PHS Group sells its Waterlogic and Watercompany businesses

19 Jan 2016

Travers Smith LLP has advised the PHS Group on the sale of its Waterlogic and Watercompany businesses in the UK, Ireland and the Netherlands to Angel Springs, for an undisclosed amount.

The PHS Group is a leading provider of workplace services and Angel Springs is a leading bottled and point-of-use water business.  The sale of the Waterlogic and Watercompany businesses includes the sale of PHS's water dispenser, water cooler and point-of-use business as well as its bottled water business, Watering Well.

WFW advise WKN on 23 MW German wind farm disposal

19 Jan 2016

Watson Farley & Williams (“WFW”) has advised WKN AG (“WKN”) on the sale of the Westerengel wind farm project to CEE.

Located in the central German federal state of Thuringia, Westerengel consists of seven Vestas V112 wind turbines with a total capacity of 23.1 MW. Once in operation by mid-2016, it will generate eco-friendly electricity for approximately 15,000 households.

Niam sells Copenhagen properties for DKK 1.4bn

15 Jan 2016

The real estate investment fund Niam Nordic V has agreed to sell a large property portfolio in the Greater Copenhagen Area of approximately 44,000 sqm in total to the Swedish property company Heimstaden. Plesner assisted Niam with the transaction which has a total value of DKK 1.4bn.

The property portfolio consists of a total of 436 dwellings situated in the Greater Copenhagen Area, primary in the areas of Sluseholmen, Teglholmen and Sydhavnen. The attractive property portfolio is let out 100% and generates annual rent of DKK 68.5m in total.

Hengeler Mueller advises Bahnhofplatz-Gesellschaft Stuttgart AG on the sale of the so-called "Hindenburgbau" in the inner city of Stuttgart

15 Jan 2016

Bahnhofplatz-Gesellschaft Stuttgart AG belongs to the real estate group of Landesbank Baden-Württemberg (LBBW). Zentrum 01 GmbH, a company of Ferdinand Piëch Holding and Piëch Holding has acquired the real estate property, previously known as Hindenburgbau situated opposite Stuttgart's main train station, from Bahnhofplatz-
Gesellschaft AG for €101m. Parts of the transaction are also the buildings of Arnulf-Klett-Platz 1-3 and the courtyard building in Stephanstraße.