Real Estate and Projects Summary

Gouldens (Suzanne Billington) advised Hercules Unit Trust on its £19m acquisition of Waterfields Retail Park, Watford, from Lancaster Holdings. Andersen Legal (Keith Barnett) advised Lancaster Holdings.

Lovells (Jackie Newstead) advised BAA Lynton on an agreement that will see Radisson SAS (part of the SAS Airline Group) invest £40m in building a new hotel at Stansted Airport. Finers Stephens Innocent (Michael Kutner, Nichola Armstrong) advised Radisson SAS. The transaction involved a complicated headlease structure allowing BAA Lynton to sell on its investment in two separate stages corresponding to the phased construction of the 500-bed hotel.

Denton Wilde Sapte (Raj Kulasingam, Neil Cuthbert) has advised Black & Veatch on the first ever application of public-private partnership for the provision of waste water services in the Middle East. Black & Veatch and Thames Water were awarded a 27.5-year concession to develop the infrastructure and deliver waste water to the Emirate of Ajman in the United Arab Emirates. Thames Water was advised in-house (Celine Dewavrin, Gavin Sutton). Abbas El Neel, legal adviser to His Highness the Ruler of Ajman, advised the Government of Ajman.

Clifford Chance (Cliff McAuley) advised Warner Estate Holdings on structuring and negotiating the acquisition of a portfolio of seven freehold commercial properties for £97m. Kingsford Stacey Blackwell (Jonathan Wood, Robert Sweet) advised Warner Estates on all due diligence aspects of the acquisition. Herbert Smith (Ian Cox) advised vendor Moorfield Capital Partners, a limited partnership managed by Moorfield Group.