Real estate deals round-up

Clifford Chance (Cliff McAuley), DJ Freeman and KSB Law advised Warner Estate Holdings on a 50-50 joint venture with Bank of Scotland Corporate Banking on the formation of the Agora Shopping Centre Fund, valued at £223m. Bank of Scotland advised by Stephenson Harwood.

Freshfields Bruckhaus Deringer (Geoff Le Pard) advised Airport Industrial on the purchase of a £25m industrial estate at Heathrow from Sun Life Assurance Society. SJ Berwin advised Sun Life.

Jones Day Gouldens (Andrew Gumpert) advised a Miller-CTP joint venture company on the redevelopment of Market Quay in Fareham, acquired from Fareham Borough Council via a 200-year lease. The development has been forward sold to Allied Dunbar Assurance for more than £18m. DJ Freeman advised the council. Lawrence Graham advised Allied Dunbar Assurance. Eversheds advised the Co-operative Bank, which financed the scheme.

DLA (Nick Sanderson, Paul Firth), Amorys, R Cullen & Co and Reed Smith Warner Cranston advised a real estate investment trust managed by WP Carey & Co in connection with its £19.6m purchase and leaseback of six properties from Qualceram Shires Group. Pinsent Curtis Biddle and Matheson Ormsby Prentice advised Qualceram.

Halliwell Landau (David Morgan) advised the Thresher Group on the sale of 52 freehold and long leasehold former off-licence properties for more than £8m. They were sold in three stages to South West Properties, advised by Pinsent Curtis Biddle, David Hourstons & Co, advised by Lawson Coppock & Hart, and Faircroft Properties, advised by Quastels Avery Midgen.

Theodore Goddard (David Wilkinson) acted on behalf of Highbridge Business Park on the lettings of 135,000 sq ft of offices at Cobalt Business Park (Newcastle) to Land Securities Trillium. Knight & Son (as part of the Mexican Wave scheme) acted for Trillium.

SJ Berwin (Stephen Wilson, Lewis Myers, Heather Corben) acted for the British Land Company on the purchase of the freehold on One Appold Street from Deutsche Bank. Linklaters advised Deutsche Bank.