Real Estate and Projects

Delancey Estates sells portfolio of four shopping centres for £121m to four single purpose vehicles established by Dunedin Property Investment Company. Delancey Estates advised by Gouldens (Suzanne Billington, Giles Elliot). Dunedin advised by Macfarlanes.

Sunderland City Council transfers 36,000 homes to the new Sunderland Housing Group. Sunderland City Council advised by Trowers & Hamlins (Ian Doolittle). Sunderland Housing group advised by Pinsent Curtis Biddle (Hugo Stephens).

PGGM, a Dutch health workers pension fund, sells freehold of 120 Old Broad Street to Standard Life Investments for £26.7m. PGGM advised by Simmons & Simmons (Bill Noad). Standard Life Investments advised by Herbert Smith (Emer O’Flynn).

Virgin CrossCountry signs deal with Railtrack to facilitate a new fleet of Virgin high-speed trains and significant infrastructure enhancements. Virgin advised by Denton Wilde Sapte (Ian Hodgson). Railtrack advised by Simmons & Simmons (Robert Leigh).

Ernst & Young agrees 25-year lease on seven-storey building at CIT’s More London development. Ernst & Young advised by Tite & Lewis (Louise Gowman). CIT advised by Macfarlanes (Rachel Booth, Patrick Holmes).