Starwood / Elm Park [2015] IECompA m15070 (7 December 2015)

Starwood / Elm Park [2015] IECompA m15070 (7 December 2015)

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in the rentable commercial property sector and therefore cleared the transaction at Phase 1.

Parties
Acquirer: SOF-10 Elm Park Investments Lux s.a.r.l; Ultimate Parent of Acquirer: Starwood Capital Group; Target: Elm Park Campus and Llandaff Terrace
Jurisdiction
Ireland
Judgment Date
07 December 2015
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Commercial Property Sector
Competition Law Merger Control Commercial Property Sector

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Parties

SOF-10 Elm Park Investments Lux s.a.r.l

Acquirer

Starwood Capital Group

Ultimate Parent of Acquirer

Elm Park Campus and Llandaff Terrace

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of Elm Park Campus and Llandaff Terrace by SOF-10 Elm Park Investments Lux s.a.r.l would substantially lessen competition in the rentable commercial property sector.

Ratio Decidendi

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition in the rentable commercial property sector and therefore cleared the transaction at Phase 1.

Court Disposition

Cleared

Orders

  • The proposed acquisition of Elm Park Campus and Llandaff Terrace by SOF-10 Elm Park Investments Lux s.a.r.l is cleared unconditionally.