In brief: Herbert Smith

Herbert Smith has been appointed to advise leading UK property investor Hammerson in a £800m deal to build a Birmingham shopping mall. Hammerson formed an alliance with Henderson Investors, advised by Nicholson Graham & Jones, and Land Securities, advised by Nabarro Nathanson to fund the deal. Birmingham's Bull Ring will be pulled down and a shopping centre erected in its place following the cash input of about £267m from each of the investors.