Real estate deals round-up

Nabarro Nathanson (Tim Herbert-Smith) advised the Royal Borough of Windsor and Maidenhead on its development agreement and agreement for lease with Sainsbury’s Supermarkets on a mixed-use development in Maidenhead Town Centre. Denton Wilde Sapte (Penny Davis, Miriam Best) acted for Sainsbury’s Supermarkets.

Mishcon de Reya (Alan Speirs, Matthew Lindsay) acted for Redington Estates on its £14.75m acquisition of the London property known as Gee Street from the Durley Investment Corporation. The acquisition and its potential future development was funded by Coutts & Co. DLA (Chris Parkinson) advised Durley, while Denton Wilde Sapte (Michael Black, Anna Collings) acted for Coutts & Co.

Addleshaw Goddard (John Pike, Victoria White) represented Standard Life Investments in its agreement to develop jointly a 52,000sq ft office and retail project behind the main Old Burlington, Clifford Street and Savile Row facades with City & West End Developments. The scheme is located within the Pollen Estate. Eversheds (Simon Burrage) acted for Pollen, while Maples Teesdale (Declan Power, Louise Jones) advised City & West End.

SJ Berwin (John Vivian) advised Redevco on its £46m acquisition of 120 Moorgate from Property Merchant Group. DLA (Richard Parker) advised Property Merchant Group.

DLA (Richard Crossfield) acted for Active Asset Investment Management on its acquisition through a Jersey unit trust of the £100.5m Sunrise portfolio of seven buildings in Norwich, York and Perth from Norwich Union and Land Securities Trillium. The transaction was structured as a sale and leaseback, with Norwich Union committing to an average lease of 22 years. Allen & Overy (Daniel McKimm) represented Land Securities Trillium and Lovells (Katherine Watts) acted for Norwich Union.

Mayer Brown Rowe & Maw (Iain Thomas, Stephen Walsh) represented Aareal Bank AG as debt provider in relation to the £31m acquisition of Woodbridge House by the Ethmaar Real Estate Fund, a managed fund of Kuwait Finance House. Trowers & Hamlins acted for Kuwait Finance House.

Freshfields Bruckhaus Deringer (Emma Kendall, Bobby Stewart) advised Land Securities Trillium on its 15-year lease and services arrangements for the outsourcing of the Empress State building at Earls Court to the Metropolitan Police Authority (MPA). As part of the transaction, the MPA surrendered its previous lease of Wellington House back to Land Securities. Fladgate Fielder (Antonia Brabdes) advised the MPA, while Nabarro Nathanson (James George) acted for Land Securities on the Wellington House contract.