(Ian Nisse, Hugh Lumby) advised Chelsfield on the funding arrangements agreed with Commerz Grundbesitz Investmentgesellschaft (CGI) for the White City regeneration project in West London. The project, believed to be the largest singular investment of an open real estate fund, will see investments of €2bn (£1.34bn) over the next three years. Norton Rose (Robin Mitchell, Lindsay Morgan) acted for CGI.
McGrigor Donald (Philip Burroughs) represented Hilstone Corporation on the purchase of a £200m cross-border portfolio from Sackville Property Holdings. The lenders were Nationwide and Century Life, represented by Burges Salmon and the City Law Partnership respectively. Maclay Murray & Spens, Wragge & Co and Field Seymour Parkes advised Sackville.
Forsters (Smita Edwards) acted for Active Retail Rookery Fund on the £17m purchase of the Rookery Shopping Centre in Newmarket, London, from Prime Commercial Properties. The Active Retail Rookery Fund is a joint venture between Active Retail Fund and Ethel Austin Properties. Paul Gubbay (Jon Cobb) advised Prime Commercial Properties.
Nabarro Nathanson (Caroline Maude) advised the Birmingham Alliance on the sale of its leasehold interest in office and retail complex Martineau Place, Birmingham, to a private company for £93m. The deal is believed to be the largest transaction of its type in the Birmingham area. Semple Fraser advised the private company purchaser.
Howard Kennedy (Nicky Stewart) acted for Business Environment Group on the £16m sale of Southbank House to Workspace Group, advised by Norton Rose.
Norton Rose (Dan Wagerfield) represented English Heritage on the sale of Buckston Browne Research Farm in Kent to the Kirkhouse Trust. The trust acquired the site for the Charles Darwin Trust, which plans to develop a centre for scientific education and research on the site. Boodle Hatfield (Edward Sutherland) acted for The Kirkhouse Trust, and Farrer & Co (Henry Goulding, Julian Smith) advised the Charles Darwin Trust.