Resource

 

 

 

 

 

 

 

 

 

 

 

Asset Sale: Seller's Counsel

Clifford Chance advises "Immobilienfonds Köln-Deutz Arena und Mantelbebauung GbR" on the sale of Lanxess arena

04 Jan 2016

Clifford Chance has advised "Immobilienfonds Köln-Deutz Arena und Mantelbebauung GbR" on the sale of the Lanxess arena including the flanking constructions, a multi-purpose hall and parking spaces to Junson Capital, and Mirae Asset Global Investments Co., LTD. The flanking constructions/offices and the parking spaces were acquired by a Mirae Asset Global Investments Co., LTD real estate fund. Mirae and Junson Capital were advised by Arminius Property Management Limited and Arminius Kapitalgesellschaft mbH.

Olswang Paris advises Tristan Capital on the sale of PariSquare building to Oxford Properties

23 Dec 2015

Olswang’s Paris Real Estate team has advised Tristan Capital Partners and STAM Europe on the sale of the PariSquare building to Oxford Properties. Olswang had recently advised Tristan Capital Partners and STAM Europe on the 10-year fixed-term lease to Publicis Group of the PariSquare’s office areas.

Sidley Advises Genworth on $490 Million Sale of Lifestyle Protection Business

23 Dec 2015

Sidley represented Genworth Financial Inc. (NYSE: GNW), the U.S. Fortune 500 insurance and financial services company, in the recently completed sale of its London-based lifestyle protection insurance (LPI) business to AXA for €465 million (approximately $490 million) in cash. According to Genworth, the disposition was an important step toward simplifying its business portfolio and increasing its financial flexibility.

Shoosmiths advises on Festival Place Shopping Centre disposal

22 Dec 2015

Shoosmiths has advised TH Real Estate (THRE) on the disposal of Festival Place Shopping Centre in Basingstoke, one of the UK's largest single site real estate deals of 2015.

Shoosmiths, newly confirmed as UK Law Firm of the Year in the 2015 British Legal Awards, was appointed by THRE to act on the sale having been involved on the scheme since acting on its purchase in 2012. The 1.1m sq. ft. shopping centre was acquired by AEW Europe.

White & Case Advises Faurecia on Proposed Sale of Automotive Exteriors Business

21 Dec 2015

White & Case LLP has advised Faurecia, one of the world's largest automotive equipment suppliers, on the proposed sale of its Automotive Exteriors business to Plastic Omnium.

The finalization of the proposed sale will combine the expertise and technology of two strong players in the exterior automotive parts sector.

Mayer Brown advises Albemarle on the sale of its Mineral Flame Retardants and Specialty Chemical businesses

21 Dec 2015

Mayer Brown announced today that it represented Albemarle Corporation on the sale of its Mineral Flame Retardants and Specialty Chemicals businesses to Huber Engineered Materials, a division of J.M. Huber Corporation. The transaction included the sale of subsidiary Martinswerk GmbH, located in Bergheim, Germany, as well as 50% ownership interest in MAGNIFIN Magnesiaprodukte GmbH & Co KG, a joint venture with RHI AG, located in Breitenau, Austria. The transaction is expected to close in early 2016.

Dentons advises Bielsko Business Center 3 on the sale of Sfera Shopping Centre in Poland

16 Dec 2015

The Dentons Real Estate team has advised developer Bielsko Business Center 3 Sp. z o.o. on the sale of Sfera Shopping Centre in Bielsko-Biala, the Silesia Region, to CBRE Global Investors. CBRE Global Investors has completed the acquisition on behalf of its European Shopping Centre Fund II.

The Sfera Shopping Centre offers approx. 61,000 sq.m., of retail space across two malls with 230 retail units, 23 restaurants and cafes, a cinema, hotel and apartment complex. Arranged over three floors, it has an occupancy rate of 97.2 percent with an attractive tenant mix.

Noerr advises DIC Asset on portfolio sale to J.P. Morgan

16 Dec 2015

Noerr has advised DIC Asset AG on a portfolio transaction. A team of Noerr’s Real Estate Investment Group (REIG) led by the partners Professor Alexander Goepfert and Dr Alexander Jänecke assisted the real estate company in the sale of office properties in Berlin and Hannover to funds managed by J.P. Morgan Asset Management. The properties have office space totalling ca. 44,000 square metres.

King & Wood Mallesons advises EREIT on the sale of a retail property in Kaiserslautern

15 Dec 2015

European Real Estate Investment Trust Limited (EREIT) has sold the last remaining German property from its portfolio. King & Wood Mallesons’ (KWM) Real Estate team advised EREIT on this transaction.

Located on the main shopping high street in Kaiserslautern, this real estate property, measuring approximately 11.300 m², is rented out to the international retailers Peek & Cloppenburg, H&M and Ernsting's Family.

The seller of the property was Aviva Investors Real Estate France on behalf of the Aviva France group.