Deal watch: Nabarro and Addleshaws take the lead on £800m Hermes/Co-Op regeneration joint venture

While major real estate deals are hard to come by, the usual suspects continue to take the lion’s share of the work as LB100 firms Nabarro and Addleshaw Goddard have advised on a £800m real estate deal between Hermes Real Estate and The Co-Operative Group to become equal partners on the regeneration of buildings and land in central Manchester.

Continue reading “Deal watch: Nabarro and Addleshaws take the lead on £800m Hermes/Co-Op regeneration joint venture”

Crown Estate halves coastal and rural property panel with appointment of Burges Salmon and Bond Dickinson

The Crown Estate has halved its rural and coastal portfolio and Windsor Estate legal panel from four to two, re-appointing Burges Salmon and Bond Dickinson but not Clarke Willmott or Thomas Eggar, the sovereign property portfolio announced today (1 April 2014). Continue reading “Crown Estate halves coastal and rural property panel with appointment of Burges Salmon and Bond Dickinson”

Deals: CC, Taylor Wessing and Ashurst act on infra and real estate deals

Advisers benefit as investors target industrial assets

The shift towards global industrial real estate portfolios as an asset class last month saw Clifford Chance (CC) advise newly-formed SEGRO European Logistics Partnership (SELP) on its €472m acquisition of a portfolio of prime development land in Germany, Poland and France from funds managed by Tristan Capital Partners.

The CC team leading the deal included global head of real estate Adrian Levy, alongside London real estate partner Mark Payne and fellow City-based head of real estate tax David Saleh.

Continue reading “Deals: CC, Taylor Wessing and Ashurst act on infra and real estate deals”

H1 2013/14: Nabarro points to pick up in corporate and real estate amid flat half year results

Nabarro has posted flat half year (H1) revenues for the 2013/14 year, with figures rising by a marginal 0.3% from £52.3m to £52.5m, the firm announced yesterday (4 December).

Speaking to Legal Business, senior partner Graham Stedman (pictured) attributed the static results to a ‘quiet August and September’ but noted the firm has experienced a ‘pickup in real estate and corporate.’

He added: ‘As you come out of recession, although the market is still challenging, you would expect the non-contentious parts of the firm to pick up and that’s what we’re seeing now.

Continue reading “H1 2013/14: Nabarro points to pick up in corporate and real estate amid flat half year results”

Panel review: Taylor Wessing and KWM SJ Berwin secure spots on property developer Essential Living’s ten-strong panel

Newly-formed rental property developer Essential Living has appointed a ten-strong panel of law firms to its roster as it focuses on ambitious development targets for the coming year, with Taylor Wessing and King & Wood Mallesons SJ Berwin securing advisory roles ‘with an overarching brief to provide corporate, finance and delivery advice,’ a statement said today (26 November). Continue reading “Panel review: Taylor Wessing and KWM SJ Berwin secure spots on property developer Essential Living’s ten-strong panel”

Key real estate and construction hires for Macfarlanes, Taylor Wessing and Withers

Property and construction lawyers are taking advantage of being back in vogue with a number of high profile moves in the sector this week including Ashurst partner Anthony Burnett-Scott’s move to Macfarlanes, Nabarro’s head of infrastructure Matthew Jones to Taylor Wessing and Wither’s hire of Fenwick Elliott real estate partner Julie Teal.

At Taylor Wessing, Jones will join the construction and engineering group, working closely with the firm’s real estate group, its planning, funds and tax teams and its banking group in relation to real estate acquisitions and development finance. Continue reading “Key real estate and construction hires for Macfarlanes, Taylor Wessing and Withers”

Deal Watch: sporting metaphor alert as Dechert, HSF and DLA Piper score high-profile football roles

The balance sheets of most English clubs may be shakier than Villa’s back four, but when it comes to raising your deal-doers’ profile there’s still nothing like acting for major football teams.

Among the advisers getting off the bench (sorry) are Dechert, Herbert Smith Freehills (HSF) and Squire Sanders on the sale of Fulham Football Club while DLA Piper is working on the £260m regeneration of Liverpool’s Anfield ground. Continue reading “Deal Watch: sporting metaphor alert as Dechert, HSF and DLA Piper score high-profile football roles”

Deal Watch: Nabarro and Ashurst act on sale of LSE HQ as King & Spalding secures repeat European M&A for GSK

Ashurst and Nabarro‘s real estate teams have secured a role on the sale of another landmark London building, while King & Spalding has furthered its transatlantic ambitions by closing a sizeable European M&A pharma deal.

In the £225m sale of 10 Paternoster Square, home of the London Stock Exchange (LSE), Nabarro advised the seller, Tokyo-headquartered Mitsubishi Estate Company (MEC), led by rated real estate partner Deborah Parry. Continue reading “Deal Watch: Nabarro and Ashurst act on sale of LSE HQ as King & Spalding secures repeat European M&A for GSK”