Capital transactions; acquisitions and disposals of commercial property, including portfolios and sale and leaseback transactions;
Developments and pre-lets;Asset management of shopping centres, offices, retail parks, warehouses and industrial parks;
Specialist expertise in dealing with embassy and ambassadorial premises;
Supporting corporate teams on corporate led acquisitions and disposals and finance teams on refinancing and secured lending.
Acted on the asset management work at, and subsequently sold, a mixed-use building on Kensington High Street, comprising a 1.13 acre plot with 57,000 sq ft of retail space (across 14 retail units) and 108 residential flats for UKCPT advised by Aberdeen Standard Life. The value of this transaction combined with the sale of a property in Brighton totalled £82.7m.
Acting onThe Parade Shopping Centre, Swindon owned by UKCPT, advised by Aberdeen Standard Investments, for over 10 years involving initiatives such as the demolition of a large unit let to BHS and the redevelopment of that area into 5 new retail units, as well as various tenant relocations, new lettings, lease renewals and regears.
Acting on a pre-let for an occupier client taking on a new flagship store which forms part of a development scheme on the Kings Road in Chelsea.
Acquisition of the Interchange Building for CCP 5, a core plus fund advised by Tristan Capital Partners, for £71.5m. Interchange is a Grade A, recently refurbished, multi-let office building in Croydon which was sold by a fund advised by CarVal Investors. The acquisition was structured as the corporate purchase of shares in a Luxemboug company.
Off-market sale of 13 Great Marlborough Street in Soho for £30.5m acting for UKCPT, advised by Aberdeen Standard Investments, to Qatari investment fund Alduwaliya. The office building is let in its entirety to Sony.
Acted for UKCPT, advised by Aberdeen Standard Investments, on the renewal of a lease to Sony Computer Entertainment Europe Limited at their offices in Great Marlborough Street in Soho, at an annual rent exceeding £2m.
Sale of a single-let, modern, distribution warehouse in Northampton valued at £31m – forming part of a wider property swap transaction through which UKCPT sold the industrial unit valued at £31.0m to SEGRO, and as part of the same transaction UKCPT purchased from SEGRO a 54,800 sq m multi-let industrial estate in Radlett valued at £67.1m.
Involved in and manage teams dealing with UKCPT’s portfolio (managed by Aberdeen Standard Life) for over 10 years. That fund includes a variety of asset types; office, retail, leisure, industrial and business parks. Work on these portfolios varies from asset management work such as licences, lettings, renewals and regears to pre-lets, redevelopment, acquisitions and disposals.
Acquisition of, and ongoing work in relation to, a development site ear marked for student accommodation and PRS in Sheffield for Mace. The site includes a Grade II listed monument. It is intended to submit a planning application, which is expected to include 550 student beds, retail units and 150 residential units. The scheme is due for completion by summer 2020.
Part of the team advising the US Government on its embassy relocation from Grosvenor Square to its new site at Nine Elms, which is currently under construction.