DLA Piper has advised the Australian Renewable Energy Agency (ARENA) on the Coober Pedy Renewable Diesel Hybrid project, which has reached financial close.
The project involves a unique hybrid combination of 4 MW wind, 1 MW solar and a 1MW/250kWh battery with enabling and integration technologies to supply the Coober Pedy township with up to 70 per cent renewable energy over the 20 year project life.
CMS has acted as legal advisor in the process of obtaining financing and securing against legal risks associated with the purchase and storage of diesel fuel for UNIMOT SA in light of the Polish Act on mandatory reserves of fuel. Funding for the purchase of the mandatory reserves has been provided by ING Bank Slaski SA and the storage for mandatory reserves will be covered by the largest national operator specialising in the storage and handling of fuels – Operator Logistyczny Paliw Plynnych (OLPP).
Global law firm DLA Piper has advised St.George Bank on the financing for the acquisition of six hotels and resorts across Australia, to the value of $100 million.
The Elanor Investors Group's new multi-asset managed Elanor Hospitality and Accommodation Fund acquired the six properties.
The properties included the iconic Peppers Cradle Mountain Lodge in Tasmania, Best Western Tall Trees ACT, and in NSW the Best Western Port Macquarie, Mantra Pavilion Wollongong, Mantra Wagga Wagga and Parklands Resort Mudgee.
Sonnedix group, a solar operator present in Europe, Asia, Africa and Latin America, has successfully refinanced a portfolio of four photovoltaic parks located in Auvergne-Rhône-Alpes, Languedoc-Roussillon-Midi-Pyrénées and Provence-Alpes-Côte d'Azur with a total capacity of 23.6 MWp for an amount of EUR 93.7 million.
Energy sector experts from Burges Salmon have advised The Royal Bank of Scotland (RBS) in relation to the £44.5m project financing of NTR plc’s Quixwood Moor Wind Farm in Scotland.
Construction of the 13 turbine 26.65MW project will start in Q2 2016 and is scheduled for completion by November 2016.
White & Case LLP has advised International Finance Corporation (IFC), Asian Development Bank (ADB) and a syndicate of local banks on the project financing of a 4.5 MTPA LNG facility at Port Qasim, near Karachi, Pakistan.
The receiving, re-gasification and storage facility will be the first LNG import terminal in Pakistan and will enable the country to import LNG and help meet the growing demand for natural gas.
Shearman & Sterling advised Deutsche Pfandbriefbank as arranger, initial lender and agent on the acquisition financing of a €145 million portfolio of retail parks by Crédit Agricole Assurances and Frey.
This portfolio consists of nine retail parks with a gross leasable area of 76,450 square meters in the Paris region and the north and south of France.
The Shearman & Sterling team was led by partner Pierre-Nicolas Ferrand, assisted by counsel Philippe Wolanski and associate Bruno Valenti (all-Paris-Finance).
Clifford Chance has advised the sponsors on the project financing of Project Luchterduinen. This 129 MW offshore wind farm is situated in the Dutch Exclusive Economic Zone in the North Sea, approximately 23 km off the coast of the Netherlands, and consists of 43 wind turbines. The project generates clean electricity for nearly 150,000 houses. This is a joint project between Eneco Holding N.V. and Mitsubishi Corporation who raised approximately EUR 440,000,000 with this financing. The loan has a 14.5 year tenor replacing a substantial part of the equity contributed upfront by the sponsors.
We advised Danske Bank Plc in a transaction where Danske Bank financed the acquisition of a portfolio of 20 retail assets located in Finland by Finnish real estate investment manager Sirius Capital Partners. Approximately 50% of the net operating income of the portfolio derived from the Helsinki region and Southern Finland. The assets are anchored by strong tenants, the largest ones being Tokmanni, S-Group and Kesko. The portfolio was acquired from a group of private investors and the total acquisition value amounts to approximately EUR 115 million.
We advised SEB in a Nordic financing arrangement where Niam acquired the Kaari shopping center located in Helsinki, Finland. The Kaari shopping center is Helsinki’s fifth largest shopping center with a total lettable area of approximately 48,000 sqm. This was one of the biggest single target real estate deals in 2015. This deal demonstrates our strong position and expertise in the field of commercial real estate finance.