Jones Day, Simpson Steer $1.4B Europe Real Estate Deal

Law360, Minneapolis (March 20, 2017, 3:33 PM EDT) -- Jones Day represented Hansteen Holdings PLC in connection with its planned €1.277 billion ($1.372 billion) sale of a portfolio of German and Dutch properties, which includes the sale of subsidiary companies, to a venture of Simpson Thacher & Bartlett LLP-led, Blackstone Group LP-advised funds and M7 Real Estate, a deal Hansteen announced on Monday.

Per the deal, the buyers are paying €974.3 million for the Germany portion of the portfolio and €302.4 million for the Netherlands portion. The venture is buying certain Hansteen subsidiaries that own...
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