A cross practice team of Hogan Lovells Real Estate and Energy lawyers has acted for The Crown Estate on the lease completion of Triton Knoll, the circa 860MW offshore wind farm, which is being developed by Triton Knoll Offshore Wind Farm Limited off the Lincolnshire coast.
International law firm Clifford Chance has advised global alternative asset manager The Carlyle Group on the acquisition of a majority stake in AK Life Sciences (Abacus), a leading distributor of pharmaceutical products in East Africa and the largest manufacturer of parenterals in Uganda. Financial terms of the deal are not disclosed.
Budapest--Dentons advised real estate investor and developer NEPI Rockcastle on the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping center in Budapest, from leading global private equity firm Lone Star, for EU254 million. With this transaction, NEPI Rockcastle becomes the owner of two shopping malls in Budapest, following last year's purchase of Arena Plaza. The investment is part of NEPI's strategic plans to enhance its shopping mall portfolio in Central and Eastern Europe (CEE).
DLA Piper represented LaSalle Hotel Properties (NYSE: LHO) in a definitive merger agreement under which Pebblebrook Hotel Trust (NYSE: PEB) will acquire 100% of LaSalle's outstanding common shares. The transaction, which is subject to customary closing conditions, including approval by LaSalle shareholders and Pebblebrook shareholders, is expected to close in the fourth quarter of 2018.
The transaction is valued at approximately US$5.2 billion.
International law firm Gowling WLG has acted for Blackstone Property Partners and Telereal Trillium on the £1.46 billion acquisition of Network Rail's commercial estate portfolio.
The firm partnered with Kirkland & Ellis to advise investment firm Blackstone and commercial property management company Telereal Trillium on the deal, which involved a portfolio of 5,200 properties across England and Wales including hotels, offices and restaurants.
International legal practice Osborne Clarke has acted for Palmer Capital on the acquisition of the Landmark Grade A office building, Aurora.
Backed by Palmer Capital, Cubex Land has successfully completed the sale of Aurora for £62.13m to Royal London Asset Management, achieving a 4.75% net initial yield. Aurora has been the only speculative office development under construction in Bristol and has therefore been able to secure record headline rents throughout its construction.
Kirkland & Ellis LLP advised Blackstone Property Partners and Telereal Trillium on their acquisition of UK Network Rail’s commercial business estate. Proceeds from the £1.46 billion transaction will help fund the UK railway upgrade plan, bringing major improvements for passengers and reducing the need for taxpayers to fund the railway.
Osborne Clarke with a team led by partner Giuliano Lanzavecchia, assisted by associate Giulia Basile and trainee Alessandro Cartamantiglia, advised SchlegelGiesse, the international division of Tyman plc, in the acquisition of Reguitti SpA, an Italian company producing door and window handles as well as coordinated accessories, sold under the trademarks Reguitti, Tropex Design and Jatec.
International law firm Ashurst advised the issuers of the bonds subscribed by Cbus, the first alternative investment fund reserved for professional investors to finance stocks or agri-food businesses in Italy.
The Firm recently represented China Conch Venture Holdings International Limited, a company incorporated in the British Virgin Islands (the “Issuer”), and its parent, China Conch Venture Holdings Limited, a company incorporated in the Cayman Islands and the common shares of which are listed on the Hong Kong Stock Exchange (the “Parent”), in connection with the offering and sale of HK$3,925 million (US$500 million) aggregate principal amount of Zero Coupon Guaranteed Convertible Bonds due 2023 of the Issuer (the “Bonds”).