Chris Xitsas

Of Counsel, Commercial Real Estate 020 3465 4316 cxitsas@maplesteesdale.co.uk vCard
Secretary: Claire Warren/ Sam Kingdom 020 3465 4329 cwarren@maplesteesdale.co.uk / skingdon@maplesteesdale.co.uk
Contact Chris Xitsas

Profile: 

Chris is Of Counsel in the commercial real estate team, with a broad range of experience across all aspects of investment, development and asset management work, as well as strategic land advice. Chris specialises in capital transactions and active management of office parks and retail assets, with a particular focus on the repositioning of town-centre shopping centres. He also has notable experience in site assembly, collaboration and land promotion agreements (acting for promoters and owners), and has a deep knowledge of development projects acting for institutional investors, student accommodation developers and educational institutions.

Professional experience: 

  • Acquisition of several town-centre shopping centres, e.g. for Europa Capital (Washington Square, Workington), L&G’s UKPIF2 (The Grafton, Cambridge), as well as disposals e.g. for L&G’s UKPIF1 (Fremlin Walk, Maidstone and The Meadows, Chelmsford)
  • Active asset management and reposition of retail assets like The Grafton, Cambridge (L&G’s UKPIF2) – which involves a £28 million phased refurbishment of the centre, including a restaurant and leisure quarter, as well as a gym and separate hotel development. Also involved are complex relocations of existing tenants (conditional on new incoming tenants or upsizing of occupied units), pre-let agreements conditional on planning / licensing / works / etc, lease re-gears, lease renewals and advice for redevelopment purposes
  • Acting for Heyhill Land, land promoter of greenfield land, brownfield sites and unused urban land, typically through promotion agreements and options with a focus on small and medium sized residential sites in the South East and East of England - currently promoting sites for over 400 houses with a development value of over £140 million (since 2015)
  • Advising L&UK in relation to a 520 room purpose-built student accommodation scheme in Birmingham, involving the forward funding of the development by way of sale and leaseback (with option to purchase back freehold)

Professional history: 

  • Trained at DLA Piper and qualified in 2009
  • Assistant Solicitor at Maples Teesdale, September 2009 – 2012
  • Associate at Maples Teesdale, September 2012 – 2014
  • Senior Associate at Maples Teesdale, September 2014

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