SJ Berwin acts for the Crown Estate on Regent Street letting
SJ Berwin’s real estate division has advised the Crown Estate on securing the letting of New Galleries, 121 Regent Street, to Habitat. SJ Berwin real estate head Bryan Pickup advised on the letting, assisted by Sally Thomson. SJ Berwin also advised Crown on its lettings to Apple, Ted Baker and Lacoste last year. Habitat has taken the building on a 10-year lease to be its London flagship store, giving it 32,240sq ft. New Galleries was a former cinema. Martin Davies of Kuit Steinhart Levy advised Habitat.
MoFo advises BioFocus on Galapagos share offer
Morrison & Foerster‘s (MoFo) London office has advised integrated drug discovery business BioFocus on its £20.2m all share offer by biotechnology company Galapagos. Corporate partner James Gubbins led the MoFo team. Gubbins said the transaction was the first cross-border share exchange for a UK company since the new prospectus directive was implemented across Europe. US firm Covington & Burling represented Galapagos for the deal. The offer represents a premium of approximately 121 per cent to the closing price for each BioFocus share on 20 September.
Maclays leads consortium on petrol station acquisition
Scottish firm Maclay Murray & Spens has advised longstanding client, a consortium of companies made up of entrepreneurs Ann Gloag and Brian Souter, Bank of Scotland Corporate, Joint Ventures and Paradigm Real Estate Managers, on the £50m acquisition of 67 petrol stations across the UK. The property portfolio is made up of a mixture of properties to let and vacant ones which will be either sold or redeveloped. Maclays partner Jennifer Johnson led the team out of Scotland. Scottish rival McGrigors advised vendor Fuelforce.