Herbert Smith Freehills has recently advised Leighton Properties on its fund through sale of 177 Pacific Highway, North Sydney to Singapore-based Suntec Real Estate Investment Trust for AU$413.19 million. The building will be the new headquarters for the Leighton Group.
The 30-storey, 40,000-square-metre tower will be North Sydney’s first new commercial building in six years.
Macfarlanes has advised London Bridge Holdings on the sale of the More London complex. The More London development is situated between London Bridge and Tower Bridge and includes the City Hall headquarters of the mayor of London as well as office properties let to organisations including PWC, EY and Terra Firma Capital Partners.
Herbert Smith Freehills advised InterOil Corporation, a petroleum company incorporated in Canada with operations in Papua New Guinea, on its sale of a significant interest in Petroleum Retention Licence 15 (PRL15) to Total of France, one of the world's largest oil and gas companies.
PRL15 contains the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The two fields are the largest undeveloped conventional gas resource in Asia Pacific.
Mayer Brown advised CBRE Global Investors on the sale of Fiege Mega Center close to Erfurt to Hines Global Reit. CBRE Global Investors is one of the world’s largest real estate investment management companies.
The Fiege Mega Center was built in 1995 and is a logistics center with around 95,000 m². The building is rented to Fiege Group until 2023. Deutsche Pfandbriefbank financed the deal.
The Mayer Brown team included counsel Andreas Hilfrich and associate Gelena Yufa (both Real Estate, Frankfurt).
K&L Gates has advised the vendors on the sale of Harbourside Shopping Centre in Darling Harbour, Sydney, for AUD$252 million to the ASX listed Mirvac Group.
The centre comprises three levels of retail and entertainment on approximately 20,500 square metres and has more than 300 metres of waterfront. The vendors bought the site in 2004 for $127 million.
Sydney-based corporate partner Rowan McDonald and property partner Jodie Masson advised the vendors, with assistance from lawyers Alison Wu and Ole Georgieva.
Linklaters has advised Greater Gabbard Offshore Winds Limited, whose shareholders are SSE and RWE, on the successful disposal of the Greater Gabbard transmission assets to Greater Gabbard OFTO plc, a consortium of Balfour Beatty Investments, Equitix and AMP Capital Investors.
The wind farm, comprising 140 Siemens 3.6MW wind turbine generators off the Suffolk coast which became fully operational in September 2012, is the second largest operational offshore wind farm in the world and has a generating capacity of up to 504MW which is enough to power over half a million homes.
Irwin Mitchell has advised on the sale of Salford Quay’s office complex, Exchange Quay. The site, which comprises over 430,000 sq ft of office space, has been acquired by a North American Institution for an undisclosed sum in a deal completed by its advisor, Edinburgh-based Hunter Property Fund Management (HPFM).
The deal will also be followed by further investment of £10 million into remodelling and refurbishing the scheme.
Burges Salmon has advised long-standing client Infinergy Limited on the sale of two operational wind farm projects. A team of corporate lawyers, comprising partner Camilla Usher-Clark, senior associate Jonathan Eves and solicitor Gillian Saunderson with assistance from the firm’s Real Estate and Tax departments, acted for Infinergy in the transaction.
The transaction was effected through the sale of Wind Assets LLP, the limited liability partnership holding the Castel Pill and Ferndale wind farms, to John Laing.
Clifford Chance advised Munich-based BLUE Asset Management GmbH, acting as the vendor's asset manager and agent, on the sale of the Trikolon multifunctional shopping, office and residential complex, to Jargonnant Partners S.à r.l. The parties have agreed not to disclose the purchase price.
The complex is located right next to "Arabellapark" underground railway station and has 30,000 sqm of office space, 7,000 sqm of retail space and more than 5,000 sqm of residential space.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Blue Energy and Santander on the sale of Hall Farm Wind Farm (“Hall Farm”) to John Laing.
Hall Farm is an operational 24.5MW onshore facility based on the Routh Estate in Beverley, South Yorkshire and was acquired as part of the 177MW portfolio purchased from Hg Capital in January 2013, and since then construction has been completed and commercial operations have successfully commenced.