BNP Paribas Real Estate Property Development trusts Taylor Wessing to sell high-rise 99 West in Frankfurt to N A S Invest
Real estate manager N A S Invest has acquired the 99 West high-rise project in Frankfurt from BNP Paribas Real Estate Property Development. The international law firm Taylor Wessing, led by Johannes Callet (Berlin), advised BNP Paribas Real Estate Property Development on legal issues relating to the transaction. For the seller, this is the first high-rise project in Germany. The total investment volume anticipated is EUR 265 million. 99 West offers around 27,000 square meters of rental space with modern, high-quality office space concepts. Together with the striking facade of the renowned architect Cyrus Moser, the project should meet the great need for high-quality office space in Frankfurt. The project on Robert-Mayer-Straße is part of the Kulturkampus district development around the famous Senckenberg area. In addition to the 99 West, the 140 West residential and hotel tower, the 21 West office building and Frankfurt's largest kindergarten are under construction. After completion, up to 2,500 people will live and work in the modern city district.
Successful financing and add on acquisitions for Oberberg Group
Oberberg Group on the successful refinancing of its existing credit lines. The new financing also served several add-on acquisitions. This included the internationally renowned private clinic Jägerwinkel am Tegernsee, which is expanding the treatment spectrum of the Group with its range of integrative holistic psychosomatics with a focus on interdisciplinary pain therapy. In addition, Panorama Fachklinik, an acute hospital for psychosomatics, and Privatklinik Hubertus im Allgäu, a specialist hospital for psychosomatics, psychotherapy and naturopathy, were acquired.
Korber's acquisition of Brazil's Roll-Tec Cilindro
Körber on its acquisition of Roll-Tec Cilindro Ltda., based in São Paulo, Brazil. Through the acquisition, Körber is able to expand its international tissue business, which offers complete solutions for converting and packaging machines for toilet paper, folded tissue and paper towels.
A renewable energy asset manager on its acquisition of two ground-mounted solar PV power plants in southern France. Both solar farms benefit from long-term feed-in tariffs. The total generation capacity of the plants adds up to 22 megawatt peak (MWp). Our advisory services relate to seven additional solar PV power plants. Total installed capacity adds up to 90 MWp.
Steadfast Capital Fund IV on the acquisition of a majority stake in Söhngen Group
Steadfast Capital Fund IV on the acquisition of a majority stake in Söhngen Group. The transaction included both W. Söhngen GmbH based in Taunusstein (Hesse) and Silva GmbH based in Mainhausen (Hesse). The parties have agreed not to disclose the purchase price. The majority acquisition aims to support further growth of the Söhngen Group with its internationally recognised brands and premium products in the market for first aid and emergency medical products both organically and through acquisitions. We also advised on the financing of the acquisition.
Competition and merger control law advice to REWE on various projects, among others on the acquisitions of coop and Lekkerland. REWE is one of the most important German trading and tourism companies, which we advise on various large-scale cross-border projects.