Real estate deals round-up

Nicholson Graham & Jones (Piers Coleman, Nicky Myerson) advised Aberdeen Property Investors UK on behalf of Windsor Life Assurance Company in its acquisition of office and retail investments for £36.8m. Allen & Overy, Clifford Chance and Nabarro Nathanson advised the sellers.

Linklaters (Alvaro Sainz, Xavier Hunter) acted for Lloyds TSB Bank on the sale and leaseback of its Spanish HQ in Madrid. Oppenheim Immobilien bought the property for e29m (£19.2m). Oppenheim Immobilien was advised by Denton Lupicinio.

Nabarro Nathanson (Tim Herbert-Smith) and Fladgate Fielder (Eamon Cannon) have advised the Junction Thurrock Limited Partnership on the acquisition of 440,000 sq ft of retail warehouses. The purchases included Lakeside Xtra for £45m from the Junction Limited Partnership, the £21m Tunnel Retail Park from Aberdeen Property Investors and the West Thurrock Retail Park from Axa Sun Life for £35m. Nabarros also advised Aberdeen. Axa was advised by Lawrence Graham.

Pinsent Curtis Biddle (Andrew Quinlan) acted for Redhouse Projects on the 20-year lease of a warehouse unit to B&Q (part of Kingfisher) at an initial rent of £2.87m. B&Q was advised by Addleshaw Booth & Co.

Forsters (Matthew Swainston) advised Redevco Properties on the disposal of a portfolio of 10 long-leasehold properties. Standard Life Assurance Company is to acquire all 10 for £51.5m. Standard Life advised by Herbert Smith.

Freshfields Bruckhaus Deringer (David Lewis) advised Dartford Borough Council on a major redevelopment of 270 acres of land. Prologis Developments, chosen from invited tenders, is seeking planning permission for a £70m approved scheme. Prologis was advised by Wragge & Co.

Hammonds (Nick Green) acted for hotel group Jurys Doyle on a new Jurys Inn Hotel at London Heathrow for £22m and the £18m refinancing of Jurys Inn Newcastle. Herbert Smith advised BAA Lynton, brought in to build the Heathrow Jurys Inn, with Robert Muckle advising the buyer and landlord for Newcastle.