The growing complexity and sophistication of the global real estate market, and the challenges arising from current economic conditions, mean that corporates and financial institutions in the real estate sector are increasingly looking for strategic and transactional support on a cross-border basis. We are one of the few global legal practices with the experience, skill and support necessary to deliver a high level of service across all real estate matters, worldwide.
We are involved in some of the sector’s largest and most innovative development and investment transactions and infrastructure projects throughout Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East, Africa and Central Asia.
We act for clients on the full range of real estate matters, including regeneration and real estate finance transactions and projects, joint ventures, leasing structures and outsourcings. As the market leader in Islamic finance, we also have extensive experience in real estate work using Islamic financing techniques, and we are advisers to the UK Government on Islamic financing.
Our areas of work include
- acquisitions and disposals
- commercial leasing
- dispute resolution and litigation
- economic incentives and programmes
- environment, safety and planning
- land use regulation
- leisure industry
- medical facilities and healthcare
- planned communities
- property management
- real estate financing
- residential developments and projects
- restructuring and insolvency
Our recent experience
- Advising on the £1.35 billion financing and redevelopment of the iconic Battersea Power Station in London.
- Advising DP World on London Gateway – its new 3.5 million TEU container port alongside Europe’s largest logistics park.
- Advising HB Reavis on the sale of 33 King William Street, London EC4 (“33 Central”) to major US bank Wells Fargo for its new European headquarters.
- Advising TH Real Estate on the €250 million sale of three shopping centre portfolio companies in Italy and Spain to a joint venture between TPG Capital and Partners Group.
- Advising Mubadala Development Company on its joint venture with Gulf Related to develop, lease and operate “The Galleria at Sowwah Square”, in Abu Dhabi, a mixed-use development of 355,000 square feet which includes retail space, luxury hotels and Grade A office space.
- Representing Ivanhoé Cambridge Inc on purchasing the 50% interest held by its partner, German asset manager Commerz Real Investmentgesellschaft GmbH, in four prominent Canadian shopping centres. This transaction has increased Ivanhoe Cambridge’s investment in these prime retail assets in Canada by C$508m dollars, including the assumption of C$138m of debt.
- Advising a consortium of investors on the £700m acquisition of a portfolio of 12 UK private hospitals from Spire Healthcare Group. The buying consortium comprises Malaysia’s Employees Provident Fund (EPF), affiliated investment funds of Och-Ziff Capital Management Group and Moor Park Capital Partners. Moor Park Capital also advised the Investors on this transaction. The acquired hospitals will be leased back to Spire Healthcare Group to operate under long leases.
- Advising the seller in the sale of an investor owned water company that provides water service to residential and commercial customers located in cities in the states of California and Montana.
- Advising the developer and landlord of a US$495m court building that was the first “social infrastructure” public-private partnership (“PPP”) transaction in the United States, and the first non-transportation PPP in California. The transaction was chosen by The Bond Buyer as its 2011 Deal of the Year and by Project Finance Magazine as the North American PPP Deal of the Year for 2010 and was recognized as a “highly commended” deal in the Financial Times’ 2011 U.S. Innovative Lawyers Report.
- Advising Melbourne Racing Club (MRC) on developing its privately owned land surrounding its racecourse into a new major urban development project. This will create a new urban village known as Caulfield Village seven kilometres from the Melbourne CBD. The development will include more than 1500 residential dwellings together with retail areas, office complex, a new boulevard for integrated retail areas, a transport hub and lifestyle facilities. It will take 15 years to complete.
- Advising GPT, one of Australia's largest diversified property trusts, on a deal reported to be worth AU$180m to buy land at 150 Collins St, Melbourne and to forward fund development of a 12-15 storey premium grade office building. The building was 80% pre-leased to Westpac. The transaction involved a range of issues, including a complex matrix of head leases and existing agreements with tenants, the proximity of the site to a heritage-listed church, car parking restrictions, complex planning restrictions, innovative security structures, and the difficulties of dealing with multiple parties with divergent interests.
- Advising Rabie Property Group, a large property developer, on various real estate aspects of its ZAR15bn Century City development. The client started eight years ago by establishing a new residential and business node functioning as a suburb of Cape Town. Our Cape Town team has advised extensively on various aspects associated with the residential, commercial and retail property development which also includes a hotel and spa. Our ongoing advice ranges from drafting agreements, attending to land use management, and property management issues.