Hogan & Hartson is gearing up to import its market-leading US real estate investment trusts (Reits) practice into London to capitalise on the UK’s introduction of listed property investment companies.
The 16-partner practice is based primarily in Washington DC, although it has partners based in New York, North Virginia, Warsaw and Berlin.
Until now it has had no formal London Reits practice, although the teams led by corporate group leader Jonathan Coppin and property finance specialist Chris Barry have the skills to handle the work.
Hogan chairman and head of the global Reits practice Warren Gorrell said: “We need more scale. With the prospect of serious development of Reits in the UK, we think our leadership position in the US will be directly relevant. We have a lot to offer and are very focused on expanding our business.”
The firm has handled some of the largest Reits-related deals in the US, including the $8.9bn (£4.62bn) acquisition by Brookfield Properties of Trizec, the sale of New Plan Excel to Centro Properties for $6.2bn (£3.22bn) and Blackstone’s purchase of Carr-America for $5.6bn (£2.91bn).