Photo of Allen Cohen

Allen Cohen

Partner
T: +44 (0)20 3036 7200
F: +44 (0)20 3036 7700

Allen deals with all aspects of commercial property and his breadth of experience is complemented by expert knowledge in several areas.

Allen specialises in investment property and secured lending and much of his work involves finance-related property transactions. He acts for a number of banks and building societies in connection with secured loans for investment and development properties.

Allen is recommended in real estate by the Legal 500 2012 and by the Legal Business Legal Experts 2012.

Experience

Real estate investment

  • Advising on the £multi-million acquisition of a portfolio of over 70 dry-cleaning units let to Johnson Cleaners UK Ltd in various high street locations throughout the UK.
  • Advising on agreements relating to the development of Travelodge Hotels nationwide.
  • Advising on the £107m disposal of One America Square, a 13-storey office building in the EC3 area of the City of London to the Government of Qatar.
  • Acquisition from BAA Lynton of the 364-room Jurys Inn Hotel at Heathrow.
  • Acquisition of a portfolio of Sainsbury's supermarkets.

Real estate finance

  • Advising on the £240m refinancing of an office portfolio by issuing bonds secured against the properties for the Claywood Group; the directly issued commercial mortgage-backed securities were listed on the London Stock Exchange.
  • Advising two substantial offshore family trusts on the financing and acquisition of a number of corporate groups via Luxembourg and Gibraltar-based structures for a total consideration of €2bn. The corporate groups owned a number of commercial portfolios comprising hotels, offices and business parks located in Switzerland, Belgium, Germany and Holland. The Dutch offices included in the portfolio were acquired for €1.2bn, making it the largest office deal in Dutch history. The acquisition was backed by Morgan Stanley and Credit Suisse, with each bank financing one of the acquisitions.
  • Advising on the corporate reorganisation and £482m securitisation of a portfolio of 22 properties for the Fordgate Group. The CMBS notes were listed on the Irish Stock Exchange.