Chris Xitsas

Partner, Commercial Real Estate 020 3465 4316 cxitsas@maplesteesdale.co.uk vCard
Contact Chris Xitsas

Profile: 

Chris is a partner 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 high-value investment assets, e.g. several town-centre shopping centres (Washington Square, Workington for Europa Capital and The Grafton, Cambridge for L&G’s UKPIF2), retails parks (Newcastle Shopping Park for Patrizia's TransEuropean VII) and office buildings (The Interchange, Croydon for Tristan Capital Partners), as well as disposals of such assets e.g. The Forum, Solent Business Park and The Riverside Centre, Stafford.
  • Involved in active asset management and reposition exercises e.g. 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 RO Land, a 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 and commercial development and long term strategic land.
  • Advising on purpose-built student accommodation developments, including the forward funding by way of sale and leaseback (with option to purchase back freehold), and on development agreements / investment lease re-gears for City of London prime office accommodation.

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
  • Of Counsel at Maples Teesdale, September 2019
  • Partner at Maples Teesdale, June 2022

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