Building and property management service BLB NRW sold a 170,000 m² site at Aachen's Westbahnhof railway station to two project companies of RWTH Aachen University. The university intends to establish a research cluster with national and international technology companies at “Campus West.“
DLA Piper has advised Morrison & Co (MCO) on the formal transition of its appointment as manager of Utilities Trust of Australia (UTA), effective 1 July 2018.
UTA is an open-ended core infrastructure fund for institutional investors, with more than AU$6 billion in assets under management.
Greenberg Traurig advised Frasers Property Europe (FPE) on the acquisition of four logistics facilities in Saarland and Baden-Wurttemberg, Germany, by way of an asset deal. The portfolio was sold by five indirect subsidiaries of SEGRO European Logistics Partnership S.à r.l. The parties have agreed to keep the purchase price confidential.
Dentons Rodyk is acting as lead transaction counsel for CapitaLand Commercial Trust Management Limited (Manager of the SGX-listed REIT, CapitaLand Commercial Trust), in the sale of Twenty Anson to an unrelated third party for a sale consideration of S$516 million.
Mayer Brown JSM advised Swire Properties in an agreement to sell 10 office floors on the High Zone, the commercial area and the car-parking spaces of Cityplaza Three and the entirety of Cityplaza Four (“the property”) in Taikoo Shing on the Hong Kong Island through the sale of the entire equity interest in a property holding entity (“the entity”). It is the second highest commercial real estate acquisition by Mainland Chinese buyers in recent years.
Frankfurt - Paul Hastings LLP, a leading global law firm, announced today that it has advised Invesco Real Estate, the global real estate investment manager, on the acquisition of the Leonardo Royal Munich with 424 rooms from the Israeli hotel operator Fattal Group. The purchase price for the 4-star hotel amounts to €157 million. The transaction also included the negotiation and conclusion of a long-term lease agreement for the hotel with its current and new operator.
A team of real estate lawyers at Hogan Lovells has acted for King's Cross Central Limited Partnership in the pre-let of an anchor unit at Coal Drops Yard, the new shopping district at the heart of King’s Cross.
The Hogan Lovells team was led by Real Estate partner Gill McGreevy and counsel, Stella Bliss, who were supported by Hannah Quarterman on planning and Gillian Thomas on construction issues.
An investment funds managed by France-based Primonial Group will engage with a 50 per cent equity investment into a healthcare real estate portfolio of Medical Properties Trust, Inc. (REIT) in Germany. International law firm Clifford Chance advised Primonial on this transaction with a team from Germany, France and Luxembourg.
The property complex, made up of 71 healthcare facilities, is valued at more than 1.635 billion Euro, making this transaction one of the largest real estate deals of the year.
A team led by Hamburg-based partner Dr. Sönke Görgens advised Warburg-HIH Invest Real Estate GmbH on the acquisition of five specialty retail centers for the open-end special fund “Perspektive Einzelhandel: Fokus Nahversorgung.” The purchase price of the specialty stores with a total rental space of 43,000 square meters is in excess of EUR 100 million. Patrizia subsidiary Rockspring Property Investment Managers LLP is the seller.
Athene Real Estate Management Company has sold 100 percent of the shares of Elementae SA to AM Alpha. Elementae owns as its main asset an office building located Rue Plaetis 5 in Luxembourg City. International law firm Clifford Chance has advised Athene Real Estate on this transaction.
The Elementae property provides approximately 3,000 square metres of office space in the heart of the historical city centre of Luxembourg City. The property has been occupied by Amazon since 2004 and will be vacated at the end of 2018.