The deal, which is expected to complete in September, gives Cushman & Wakefield 100 per cent ownership of the commercial business here as well as a minority share in Sherry FitzGerald’s affiliate commercial property businesses in Cork and Belfast. The deal facilitates Sherry FitzGerald Group in focusing on developing its core business.
International law firm Ashurst has advised Invesco Real Estate on the £110 million acquisition of 40 and 50 Eastbourne Terrace, Paddington from Hermes Real Estate Investment Managers.
40 Eastbourne Terrace is an 85,000 sq. ft. office building which is occupied until 2021, while 50 Eastbourne Terrace has planning consent for a new 90,000 sq. ft. office and retail scheme with a terrace of seven mews townhouses. The two buildings sit directly opposite Paddington station, which will welcome the Elizabeth Line from the end of the year.
Casablanca—Dentons Morocco has advised Groupe Palmeraie Développement on a joint venture between Palmeraie Développement Côte d’Ivoire and Mairie du Plateau d’Abidjan to create Hôtel Abidjan Plateau. The team has also advised Groupe Palmeraie Développement on the management agreement with Radisson Hotel Group, a leader in the business hotel sector.
DLA Piper advises Avison Young in investment by Caisse de dépôt et placement du Québec
DLA Piper represented Avison Young, a Toronto-based global commercial real estate services firm, in connection with a CA$250 million preferred equity investment in the firm by Caisse de dépôt et placement du Québec (CDPQ), a leading Canadian institutional fund manager.
Baker McKenzie advised India based HIL Limited on the acquisition of the Parador Holding GmbH from NORD HOLDING COMPANY COMPANY MbH and DEUTSCHE MITTELSTANDSHOLDING FÜR INDUSTRIEBETEILIGUNGEN GmbH & Co. KG.
The transaction is subject to customary regulatory approval and is expected to close in August.
Baker McKenzie advised HIL Limited on all legal aspects of the transaction.
King & Spalding has successfully struck out of a multi-million dollar claim brought by Catalyst Managerial Services (CMS) against our client, Libya Africa Investment Portfolio (LAIP), in the English Court of Appeal.
CMS first brought its claim against LAIP in 2012 for US$15 million in alleged unpaid invoices and in excess of US$500 million in estimated damages for alleged wrongful termination of a management consultancy agreement entered into under the Gaddafi regime.
The Firm represented KKR in connection with its acquisition of Unilever’s global Spreads business for €6.825 billion (US$8.02 billion). The transaction closed on July 2, 2018.
Warsaw--Dentons has advised Europa Capital, a real estate investment manager focused on the European markets, on the sale of Spektrum Tower to Globalworth Poland. The transaction value was EU101 million.
Spektrum Tower is a modern building situated in the heart of Warsaw, in the immediate vicinity of several business centers. The location is accessible by all forms of public transport, including railway and subway lines.
Jones Day is advising DV4 Ltd (“DV4”), which is advised by Delancey Real Estate Asset Management Ltd, on the sale of DV4's interests in Get Living, the UK’s leading privately backed residential company, to Delancey Oxford Residential (“DOOR”) a new co-investment platform with initial capital commitments of £600 million; the establishment of DOOR, which includes the joint venture between DV4 and Oxford Properties; and on real estate matters related to the London scheme, Elephant Central in Elephant and Castle which is part of the Get Living portfolio.
Linklaters has advised Globalworth on the acquisition of the Spektrum Tower office building in Warsaw. The structure, a notable feature of downtown Warsaw, holds a total leasing area of about 29,500 sqm and is almost 90% leased.
Following this transaction, the total value of Globalworth's portfolio will exceeded EU1b and reach nearly 375,000 sqm.
The legal team advising on the acquisition was led by Warsaw real estate partner Janusz Dzianachowski, supported by associates Adriana Andrzejewska, Bartosz Guzinski and Monika Lerka.