On Jan. 1, 2019, Alectra Utilities Corporation and Guelph Hydro Electric Systems Inc. completed the merger of their two electricity distribution utilities.
Alectra is now the largest municipally-owned electric utility in Canada by customer base, serving more than one million homes and businesses in Ontario's Greater Golden Horseshoe area.
Clifford Chance has advised Samsung Life, the largest insurance company in South Korea, on its sale of 30 Gresham Street for a price in excess of £400m to the joint venture of two Hong Kong based developers, Wing Tai Properties and Manhattan Garments. The c.400,000+ square feet prime commercial property in the City of London, which is comprised of office and retail space, is the London headquarters of Commerzbank and European headquarters of Investec.
Allen & Overy has advised Bangkok Bank Public Company Limited and Thanachart Bank Public Company Limited, as lead arrangers, in relation to the Ministry of Finance of the Lao People’s Democratic Republic’s THB7 billion sovereign bond issuance.
Watson Farley & Williams (“WFW”) advised Banco Santander, S.A. and Banco Santander S.A. (Uruguay) on the project financing of the 50MW “Estrallada” wind park, in Cerro Largo, Uruguay, operational since 2015. The deal closed on 14 December 2018.
Leading energy company Atlantica Yield purchased the project, simultaneously to the project financing, from Enel Green Power. Atlantic Yield now has a Uruguayan wind portfolio of 150 MW.
Simpson Thacher represented Blackstone in its EUR 500 million refinancing of The Squaire office building and adjacent multi-storey car parking, in Frankfurt, Germany.
The Squaire is the largest office building in Germany and directly connected to Frankfurt Airport. Tenants include (amongst others) Hilton hotels, KPMG and Lufthansa. The Squaire parking is a multi-storey car park with over 2,000 spaces.
The Simpson Thacher team who acted on the refinancing included Tom Lloyd, Luke Murphy, Andrea Haughton and Alexandre Rakotovao (Real Estate).
Withers KhattarWong is representing DKSH Group, a leading market expansion services provider in Asia, on its acquisition of the consumer goods distribution business of Auric Pacific Group Limited in Singapore and Malaysia for approximately S$218.4 million.
Osborne Clarke advised Unicredit S.p.A. as lender, arranger and agent, in the granting of loan to the “URANIA” closed-end real estate fund which acted through SERENISSIMA SGR S.p.A., assisted in turn by DLA Piper.
The loan was provided to finance the purchase and/or development of a real estate portfolio consisting of three properties for commercial sues, two of which are locate in central Italy and the third in southern Italy.
The Osborne Clarke team advising Unicredit S.p.A. was led by partner Andrea Pinto with associate Laura Cipollone.
Insurance risk and commercial law firm, BLM, is delighted to announce that partner Adrian Marston been appointed to the firm’s casualty practice. Adrian, who joined the firm from Weightmans, is based in the firm’s Birmingham office.
During his career Adrian has specialised in employers’ and public liability matters acting for both major corporates and insurers. He focuses on high value injury work and has a special interest in chronic pain cases and those involving mental health issues.
Global law firm Norton Rose Fulbright announced today that Adrian Jones will be returning to the firm as a partner in its real estate practice team in Melbourne, bringing with him local, international and in-house experience across commercial, residential, student accommodation, wind and solar farms, and airports.
Global law firm Norton Rose Fulbright today announces that Dr Alexander Cappel has joined the firm as a dispute resolution partner in its Frankfurt office.