Mishcon de Reya SUMMER 2008 Cover
Property Matters
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Client News

Real Deals

A selection of deals the real estate team has advised on over the last year.

Winston Group

Mishcon de Reya advised the shareholders in the Winston Group and the William Pears Group on the transfer for £167 million and refinancing with HSBC of a real estate portfolio comprising over 100 petrol filling stations.

Venues

Advised internationally renowned events venue manager Earl’s Court and Olympia Venues, on the sale of 50% of the event and exhibition business and surrounding land to Liberty International subsidiary Capital & Counties, in a deal that valued the business at around £380 million.

Premier Diversified Property Fund

The Premier Diversified Property Fund has been active with transactions totalling £350 million. The string of deals include the acquisition of the Junction One Retail & Leisure Park, Leicester Road, Rugby from Standard Life for £36 million.

Bank of Ireland

Bank of Ireland were advised by our Property Finance Group on a £151 million residential development club facility for City & Docklands Property Group.

Consolidated Developments entered into a Development Agreement with the Secretary of State for Transport facilitating the redevelopment of Tottenham Court Road Underground Station and the new Crossrail Interchange and the subsequent redevelopment of the Consolidated Developments St Giles site, subject to planning.

Londonewcastle

Advised developer Londonewcastle on the purchase of a number of site acquisitions including a riverside residential block at Dollar Bay, E14 and its subsequent redevelopment and purchase of a site in Shoreditch for major redevelopment.

In our first transaction for Blackfriars Limited, we acted on the £90 million acquisition from Land Securities of a major redevelopment site at Blackfriars Road, SE1.

Advised the Caledonian Operating Company Limited backed by the HBOS Banking Group on its acquisition of the landmark Caledonian Hotel in Edinburgh from the Hilton Hotels Group for a consideration of £51.7 million.

Helical Bar plc

Helical Bar plc has continued to focus on the purchase and development of sites for retirement homes. These include Topsham Road, Exeter for development as a retirement village.

AIM listed client London Town plc acquired GRS Inns Limited, the managed pub operator. The acquisition adds 60 unbranded leasehold pubs operated by GRS to the existing 222-strong London Town portfolio.

Matterhorn Capital continued to focus on high end Central London residential development with the purchase of a site at St Edmunds Terrace NW8 for £41 million and the sale of former British Land HQ at Cornwall Terrace for redevelopment. These were acquired in conjunction with the Cooper Group.

O & H

O&H Properties has added further Mayfair investments to its Central London portfolio including Broughton House, Sackville Street, Mayfair.

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