Ashurst advised Aberdeen Asset Management Deutschland AG (Aberdeen) on the purchase of housing project "LEO - Urban Living" from Kondor Wessels Holding GmbH (Kondor Wessels). 171 apartments with a total of 9,480 square meters of living space are to be built on the approximately 4,700 square meters of land in Berlin, Löwenberger Straße 1, 3, 5. In addition, two commercial units totalling 157 square meters and 40 underground parking spaces are planned. Completion of the project is scheduled for spring 2020.

Goltsblat BLP has advised AFG National on sale of a 35% stake in its subsidiary OOO Yuzhniye Zemli to Volga Group Agro (a company consolidating Volga Group's agricultural projects). The deal was signed on 26 December 2017.

Yuzhniye Zemli produces top quality apples using the latest technology and manages 400 ha of orchards. In 2018, it intends to launch an additional 300 ha, building the second stage of its fruit storage facility and increasing apple production to ten thousand tonnes.

Herbert Smith Freehills has advised Alinta Energy owner, Chow Tai Fook Enterprises (CTFE) on the acquisition of the 1,000MW Loy Yang B Power Station located in Victoria.

The Herbert Smith Freehills team was led by Partner Robert Nicholson with support from Partner Nick Baker, Executive Counsel Michelle Palethorpe, Senior Associates Claire Thompson and Brodie Same and Solicitors Lily Zhang and Madeleine Miller.

Global law firm Norton Rose Fulbright has advised GuarantCo, which has been acting in collaboration with the Nigeria Sovereign Investment Authority (NSIA), on the establishment of a new Nigerian entity, InfraCredit.

GuarantCo has provided a USD 50 million Callable Capital Facility to InfraCredit as part of its capital structure.

GuarantCo encourages infrastructure development in low income countries through the provision of credit guarantees that enable infrastructure projects to raise debt finance.

Norton Rose Fulbright has advised University of New South Wales Sydney on its innovative procurement of renewable energy. The tripartite arrangement with Origin and Maoneng allows UNSW to meets its zero carbon goals and provides a long term price hedge in a volatile NSW electricity market.

International legal practice Osborne Clarke is advising TiGenix, an advanced biopharmaceutical company listed on Euronext Brussels and NASDAQ (TIG), in connection with the intended acquisition by Takeda Pharmaceutical Company Limited (“Takeda”).

International legal practice Osborne Clarke has advised national developer and urban regeneration company St. Modwen on a promotion and development agreement for the Tortworth Estate’s Buckover Garden Village, a planned 3,000-home exemplar new community in South Gloucestershire.

International legal practice Osborne Clarke has advised investment manager Triple Point on the disposal of a portfolio of four operational solar farms with an aggregate capacity of 34.5MW.

The solar parks are expected to generate revenues of over EUR 4.4 million annually. All are located in the South of England and benefit from Renewables Obligation Certificates (ROCs), which provide support for a period of 20 years. Power from the parks will be sold under a long-term power purchase agreement (PPA).

Slaughter and May advised Bupa Insurance Limited on the sale of Bupa House, Bloomsbury Way, London  WC1A.  The purchaser is LabTech Investments Ltd, a real estate and technology company with existing holdings in the Holborn area.

Contacts

Real Estate: John Nevin (partner), Kate Shirlaw (associate)

Slaughter and May, has advised Nordea Bank AB (publ) (together with Citibank, N.A., London Branch and Skandinaviska Enskilda Banken AB as the Original Lenders) on the SEK 11 billion term facility agreement made available to Tele2 AB (publ) to finance a merger with Com Hem Holding AB (publ).

Slaughter and May worked as a team with Nordea’s in-house counsel in Sweden.

Contacts

Stephen Powell (partner), George Silber (associate), David Hay (associate), Polly Streather (trainee)