Stephenson Harwood (David Cuckson) advised the Newmount consortium on a £22m schools PFI project with Dudley Council. Devonshires (Paul Buckland) advised the council. Pinsent Curtis Biddle (Kate Peacock) advised the Royal Bank of Scotland, which financed the consortium.
Maxwell Batley (Orla Sullivan) advised Hermes Property Asset Management on the sale of a freehold retail block at 13-21 Cornmarket Street, Oxford for £30m to Jesus College. Boodle Hatfield advised Jesus College.
Herbert Smith (Gerald Bland, Howard Bassford) advised Carisbrooke Alliance on its first acquisition – 3i's 64-acre Helions Park in Haverhill, near Cambridge. Lawrence Graham (Philippa Satterthwaite) advised 3i Commercial Properties. Wragge & Co (Robin Pearson) advised Lloyds TSB, which provided acquisition finance.
Clifford Chance (Iain Morpeth) advised Lehman Brothers and Thornfield Investments on the disposal of a one-third stake in Thornfield Properties to the Bank of Scotland. Dundas & Wilson (Wendy Colquoun, Fergus Thompson) advised Bank of Scotland. Ford & Warren (Richard Jennings) advised Thornfield Investments.