Setterwalls has assisted NCC in the sale of the office property Mässhallen 2 located in Hyllie, Malmö to Castellum through its subsidiary Briggen. The building is constructed of eight floors and includes 7100 sqm of offices and 200 sqm store/restaurant. Completion of the transaction occurs when the property is completed, which is estimated to April 2016.
Setterwalls' team has been led by Linda Jönsjö
Our US offices are representing CeloNova BioSciences, Inc. (CeloNova) in the sale of its interventional radiology business to Boston Scientific Corporation. The transaction consists of an upfront payment of US$70 million and additional amounts contingent on regulatory and sales milestones.
The engagement resulted from the firm's long standing relationship with CeloNova's general counsel.
London – Paul Hastings LLP, a leading global law firm, has advised on three major transactions which all closed on the same day.
Slaughter and May is advising Derwent London plc on the sale of the freehold interest in Davidson Building, 5 Southampton Street, WC2 to Cornerstone Real Estate Advisers for £66.2 million.
The property comprises 43,100 sq. ft. of office and retail accommodation.
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Real Estate: Jane Edwarde (partner), Simon Bartle (associate), Mark Gulliford (associate), Lee Foxcroft (associate).
Clifford Chance advised Heidelberger Druckmaschinen on the sale of its headquarters at Kurfürsten-Anlage in Heidelberg, Germany. The purchaser is the Heidelberg-based real estate developer Andreas Epple. The overall size of the property located at a first-class downtown location is 1.6 hectare. The parties have agreed not to disclose the purchase price. The head office of Heidelberger Druckmaschinen will be relocated to Wiesloch.
The Clifford Chance team comprised partner Dr. Christian Keilich and senior associate Dr. Philipp Stoecker (both Real Estate, Frankfurt).
CMS has advised major telecoms operator Viatel on its agreement to sell its non-Irish fibre and optical wavelengths business to Zayo Group, a global provider of bandwidth infrastructure and network-neutral colocation and connectivity services. The enterprise value of the transaction was $102 million.
International law firm Pinsent Masons advises family-owned SBKF Beteiligungs GmbH, Munich, in sale of shares in 17 DYI stores in and around Munich to hagebau group.
SBKF Beteiligungs GmbH, together with other shareholders, sold its shares in the established HEV Bau- und Heimwerkermarkt group, based in Munich. Hagebau group succeeded in a competitive process against other strategic and finance investors. The parties agreed not to disclose the value of the transaction. Completion of the transaction is still subject to the approval of the German Federal Cartel Office.
DLA Piper has advised a joint venture between Indigo Invest and the Hahn Group on the sale of a portfolio of real properties with a total rentable floor space in excess of 140,000 square metres. The joint venture acquired the portfolio in 2012 for an undisclosed amount.
The portfolio consists of shopping and specialist retail centres which have been successfully upgraded in the past three years. The sale of the 16 properties in total is taking place as a share deal.
Flex (previously Flextronics) has divested its manufacturing unit in Ronneby, Sweden, to Orbit One. The unit comprises around 220 employees and will make Orbit One one of the largest contract manufacturers in Scandinavia after completion of the acquisition. Flex will continue to operate its design and engineering centres in Sweden which are not covered by the transaction.
Slaughter and May is advising UK Asset Resolution (UKAR) on the sale of a £13bn asset portfolio to Cerberus Capital Management.
The sale comprises performing and non-performing residential mortgages and unsecured loans from the legacy book of NRAM, the former Northern Rock mortgage business. Due to the complex nature of the Granite securitisation programme created by Northern Rock, the transaction has been structured in such a way that, subject to regulatory approval, Cerberus will purchase NRAM plc.
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