Real estate deals round-up

D1?+? (Charles Horsfield) acted for Sun Life Assurance on its acquisition of premises in Oxford Street and Swallow Place, Central London. The seller, Skandia Property, was advised by Linklaters.

Herbert Smith (Stephen Hancock) advised Fortnum & …


Macfarlanes (Charles Horsfield) acted for Sun Life Assurance on its acquisition of premises in Oxford Street and Swallow Place, Central London. The seller, Skandia Property, was advised by Linklaters.

Herbert Smith (Stephen Hancock) advised Fortnum & Mason on its joint venture with Mitsukoshi, the Japanese department store group, to open Fortnum & Mason stores in Japan. Jones Day advised Mitsukoshi.

Allen & Overy (David Kidd) represented Morgan Stanley Real Estate Funds and Pamfleet consortium on the HK$2bn (£1.4bn) acquisition of the holding companies of Paliburg Plaza and Kowloon City Plaza. The deal, which included the acquisition of the associated loan notes and subordinated debt, is the largest real estate transaction to close in Hong Kong this year. The assets were acquired from Paliburg’s secured financial creditors following the company’s 2002 restructure. Slaughter and May advised the vendors.

Tarlo Lyons (Philip Diamond) is representing US doughnut chain Krispy Kreme Doughnuts on its first London drive-thru in Enfield, North London. The chain plans to open a further 23 stores in the UK and the Republic of Ireland.

Linklaters (James Knox) acted for German fund DIFA on its £50m acquisition of the Radisson SAS hotel at Manchester Airport. DIFA purchased the 360-room hotel from a private offshore property company. Brabners Chaffe Street (Simon Jones) represented the vendor.

Clifford Chance (Peter Deegan) advised Immopol GmbH on its €730m (£486.6m) disposal of 28 shopping malls, supermarkets and DIY stores throughout Poland. White & Case advised the acquiror. Senior financing was provided by a consortium led by Eurohypo, advised by CMS Cameron McKenna.

Bond Pearce (Tim Burbidge) acted for P&O on a surrender, development and lease deal with Marks & Spencer as part of a £170m shopping centre development in Plymouth. Osborne Clarke advised Marks & Spencer.