Firm News
Mishcon de Reya acts for Earls Court & Olympia in its £55 million acquisition of The Brewery, Chiswell Street
| Release Date: |
06 October 2005 |
Mishcon de Reya has today completed the £55 million acquisition of The Brewery, Chiswell Street and associated properties, from Whitbread Group plc, for the internationally renowned event venues company Earls Court & Olympia Group.
St James Capital will own and manage the associated property portfolio around Chiswell Street and will be looking to enhance the surrounding buildings over the next few years.
The Mishcon de Reya team for this Opco/Propco structured acquisition was led by Corporate Partner Larry Nathan and Property Partner Daniel Lipman with the back up of all requisite specialist advice including that provided by our Head of Corporate Tax, Belinda Bridgen and Head of Planning, Oliver Goodwin. Assistant Mark Levine provided employment advice.
Daniel Lipman’s arrival from Berwin Leighton Paisner consolidates and enhances Mishcon’s relationship with Earls Court & Olympia since he had also acted for them previously.
The Mishcon de Reya team were able to exchange on the Opco/Propco structured acquisition in just three days as part of a bidding process at the end of which the clients were the successful party. The team was involved in advising the client throughout the bid process, reviewing title certificates of all the title assets owned by the Whitbread Brewery business and marking up the business transfer documents.
Simon Conway, Chief Operating Officer of Earls Court & Olympia and St James Capital said:
“We have known the team at Mishcon de Reya for many years and the strong working relationship we have with them was pivotal to our being the successful bidder.”
Nick Doffman, Head of the Property Department at Mishcon de Reya said:
“We are thrilled to have been part of this exciting Opco/Propco structured purchase for Earls Court and Olympia and St James Capital and we look forward to continuing this important relationship on many other deals in the future.”