Shoosmiths has provided real estate advice to McKay Securities PLC on the freehold sale of two adjoining buildings on Blackfriars Road, London, SE1 for £21.5 million.
McKay is the only Real Estate Investment Trust (REIT) specialising entirely in office and industrial markets in the South East and London.
A joint team of Slaughter and May(Frances Murphy/Michael Corbett), Bredin Prat (Kate Romain/Olivier Assant) and Hengeler Mueller lawyers is advising GE on the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net investment (ENI) of approximately US$7.5bn / €6.6bn.
Noerr has advised Nordic Hotels AG on the sale of its portfolio to the Louvre Hotels Group. Belonging to the Chinese tourism group Jin Jiang International Holdings Co. Ltd, Louvre Hotels takes over 25 hotels in eleven German cities.
With the acquisition of this portfolio, the Louvre Hotels Group doubles its presence in Germany. The hotels will be operated under the brand names Golden Tulip, Tulip Inn and Première Classe.
In this transaction, Nordic Hotels has relied on the advice from a Noerr team led by the Düsseldorf partner Gregor Barbers.
Wragge Lawrence Graham & Co's Real Estate team has advised The Crown Estate on the purchase of a 12.5-acre Castles Acre site in Leicester from Everards Brewery. The deal is set to create a 150,000 sq ft extension to Fosse Shopping Park, purchased last September.
A joint team of Slaughter and May, Bredin Prat and Hengeler Mueller lawyers is advising GE on the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net investment (ENI) of approximately US$7.5 billion / EUR 6.6 billion.
The proposed transaction will be submitted to the relevant works councils for their information and consultation. The completion of the transaction would also be subject to customary regulatory and antitrust approvals.
Grupo Villar Mir sold Torre Espacio, one of the emblematic cuatro torres (four towers) in Madrid, to Philippine group, Emperador. Grupo Villar Mir is one of the major private industrial groups in Spain, present in 40 countries and on five continents. Its business activity includes construction, real estate development and energy. Emperador leads the spirit beverage sector in the Philippines and is one of the most renowned in the world.
DLA Piper represented Marina Park Inn, LLC, the seller of a downtown Miami hotel priced at US$65 million. The 200-room hotel was built in 1950 and last traded for US$6.8 million in June 1996. The sale was structured as a sale-leaseback, such that the hotel will continue to operate as a Holiday Inn under the management of Sound Hospitality Management LLC, which is linked by corporate records to the seller.
Clifford Chance has advised CACEIS Bank Deutschland GmbH on the sale of an office building in Vienna. CACEIS Bank Deutschland GmbH sold the German property company as part of the liquidation of the "Morgan Stanley P2 Value" fund. The buyer is the property investment management company Warburg-HIH Invest Real Estate GmbH, Hamburg. The office building is the last property still held by the fund.
DLA Piper has advised EEPro GmbH on the sale of a project company belonging to T.S. Rinnovabili S.r.l., a subsidiary of Solarpark Villalba GmbH & Co. KG, to EOS SICAV PLC Sustainable Investment Fund. The acquisition took place with effect from 31 December 2014 for an undisclosed amount.
Taylor Wessing has acted for an Isle of Man special purpose vehicle owned by two of Israel’s largest pension funds, Harel Insurance and Clal Insurance, on the sale of Apollo House and Lunar House to Kempster Investments, an indirect wholly owned subsidiary of Singapore-listed investor Ho Bee.