Clifford Chance (Andrew Forryan Robert McGregor, Adrian Cohen) advised the Royal Bank of Scotland, Schroder Salomon Smith Barney and Morgan Stanley as joint lead managers, on the £875m securitisation of the Meadowhall shopping centre in Sheffield for British Land. Simmons & Simmons (John Davies, James Bresslaw) advised British Land, with Addleshaw Booth & Co (Michael Reevey) advising on property matters. The structure follows the template previously used by British Land, but with an enhanced security structure to reflect the recent Government White Paper on reform of UK insolvency laws.
Gouldens (David Cooper, John Mitchell) advised Arsenal Football Club on the successful planning application for its new Ashburton Grove stadium. The club won approval for planning permission to build a 60,000-seat stadium on the site from Islington Council on 10 December. Morgan Cole (Jonathan Cantor) advised Consumer Supplies Trading Company on the transfer of a piece of land in Ashburton Grove for the new stadium to a subsidiary of Arsenal Football Club
CMS Cameron McKenna (Mark Heighton) advised Taylor Woodrow on the investment sale of the Woodley Shopping Centre, Berkshire for £7m, to a joint venture company comprising Halladale Group and Citigroup. McGrigor Donald (Mark Johnstone) advised Halladale Group.
Bird & Bird (Hamish Sandison) advised the NHS Pensions Agency on a £115m outsourcing of its pensions administration operations to the Envision consortium. Macfarlanes (Jeremy Courtenay Stamp) advised the consortium.