Simmons & Simmons (Alan Butler) advised Deka Immobilien on the purchase of Salisbury Square House from the City of London Real Property Company for more than £63.6m. Nabarro Nathanson acted for the vendor.
Lawrence Graham (Christine Jackson) advised Hermes, acting on behalf of the Post Office Pension Fund, on its sale of Paragon House, Solihull, for £26.6m. The purchaser, Larks-wood Properties, was represented by Ingram Winter Green. Olswang (Jonathan Lewis) has acted for Benchmark Group JER on the £32m sale of the freehold interest in Landmark House, Hammersmith, to a private overseas investor. Trowers & Hamlins acted for the buyer.
Berwin Leighton Paisner (Candice Blackwood, Naveen Vijh, Simon Kildahl) advised Barclays Bank on the refinancing of the largest ground rent deal of the year. The portfolio, owned by the Rotch Property Group, consisted of 90,000 residential properties in England, worth more than £47m. Osborne Clarke advised Rotch on finance and corporate issues, while Howard Schneider Spiro & Steele advised on the property aspects. Denton Wilde Sapte (Ian Hodgson, Robert Turner and Matthew Jones) is advising the Department for Regional Development Roads Service in Northern Ireland on a programme of PFI DBFO projects. The programme has an estimated cost of £250m. Northern Irish firm Carson McDowell is advising on local matters.
Linklaters (James Knox) is advising CIT on the £70m disposal of the Wolsey Place shopping centre in Woking. Martineau Johnson acted for the purchaser, IM Properties. SJ Berwin (Jeff Smith, Simon Ricketts) advised Amesbury Property Company on the £250m development of the Solstice Park business park near Salisbury. The development involved a major highways infrastructure contract for an upgrade to the existing A303 junction at Amesbury.