Gibson Dunn & Crutcher (Alan Samson, Stephanie Bess) represented Apollo International Real Estate Fund in the formation of two joint ventures with clients of Reit Asset Management to acquire seven UK shopping centres from Land Securities and Legal & General for £350m. HypoVereinsbank (HVB) and Royal Bank of Scotland (RBS) funded the acquisitions. Reit represented by Kanter Jules (Simon Kanter), Land Securities by Nabarro Nathanson (John Cumpson), Legal & General by Lawrence Graham (Martin Stacey), HVB by Allen & Overy (Eleni Skordaki) and RBS by Travers Smith Braithwaite (Neil Murray, Anthony Judge).
Wragge & Co (Mark Chester) advised I.O. Group on its £17.6m acquisition of four development sites from Arlington Securities. Gouldens advised Arlington Securities.
Thomas Eggar Church Adams (Peter Busby) advised the Glanmore Property Fund, a specialist offshore Guernsey property fund, on the £2.6m acquisition of Bond Court, Leeds. Ashurst Morris Crisp acted for the vendor.