Corporate Real Estate

Corporate real estate transactions increasingly involve complex structures and multiple jurisdictions. Delivering these to a high standard requires specialist skills and a deep knowledge of the real estate sector.

Our corporate real estate team brings together corporate, tax and restructuring lawyers to deliver practical, commercially focused and often tax-driven solutions to a wide range of clients. These range from UK and overseas private entities, trusts, funds and fund managers to listed property companies and entrepreneurs.

We are experienced in advising clients on:

  • Corporate sales and acquisitions of real estate
  • Property-related joint ventures and group restructuring
  • Real estate funds
  • Partnerships, unit trusts, limited partnerships, limited liability partnerships and other tax efficient structures

Many clients choose to structure transactions using offshore entities and we are able to support them in this by project managing our extensive network of professionals in offshore jurisdictions, including the Channel Islands, Isle of Man, BVI and Gibraltar.

We have particular experience of the hotel, restaurant, leisure and care home sectors, and have also developed significant expertise in advising clients on raising private and public finance for real estate transactions.

If you have any questions or queries please call Amy on +44 (0)20 3036 7263 or email acollins@fladgate.com

Known for representing high net worth individuals and private family trusts. Also recognised for property matters in the hotels and leisure sector and for corporate real estate work. “Clear, accurate, dynamic, reactive. In one word: excellent!”

Chambers UK
 
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International-flavoured M&A practice handling a wide range of transactions, with recent experience in the technology, financial services and real estate sectors. Notable representation of hotels and developers.

Chambers UK

“Excellent and client-driven with senior partners leading from the front in the management and delivery of transaction advice.” “Outstanding value for the quality and depth of legal advice provided.”

Chambers UK

“What stands out is the interpersonal relationship and feeling that you are working with peers and friends but also professionals.” Represented various offshore groups in the acquisitions of Camden Lock Market and 50% of shares in Camden’s Stables Market.

Chambers UK

  • Metro Holdings Limited (listed in Singapore) and Top Spring International (listed in Hong Kong) – acquisition from the Scarborough Group of 50% of the share capital of Scarborough Real Estate Limited, the holding company of a joint venture owning two development sites in Manchester, Middlewood Locks and Milliners Wharf Phase Two, for a total deal value of £20m.
  • A company affiliated with HDG Mansur – sale of the shares in a company, the sole asset of which was the freehold of 169 Union Street, SE1 (the headquarters of the London Fire and Emergency Planning Authority). The transaction valued the property at £50.5m.
  • Lowy Group – £33.5m corporate sale of the Umi Hotel, London.
  • Primary Health Care Centres Limited (PHCC) – advising the owners on their sale of PHCC to Primary Health Properties PLC for a total asset acquisition cost of £26.8m.
  • Marjem Settlement (a Swiss family trust) – sale of Baljean Properties Limited, a company owning Marks & Spencer’s flagship distribution facility at Castle Donington, Leicestershire, to Tritax for £82.25m.
  • Offshore trust – corporate acquisition of Camden’s famous Stables Market as well as a large development site known as Camden Lock Village at an enterprise value exceeding £400m (which was preceded by a £237m refinancing of those assets with Nomura); and the corporate acquisition of Camden Lock Market from Brockton Capital for £68m.
  • Adventurous Journeys Capital Partners and other investors – disposal of Hotel Saint–Barth Isle de France to LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury products group. The five star hotel, located on Flamands Bay on the Caribbean island of St Barthélemy, has won numerous awards.
  • Splendid Hotel Group – £150m reorganisation and refinancing of a portfolio of eight branded and two unbranded central London hotels, with acquisition finance provided by a combination of Aareal Bank and Barclays.
  • RREEF Real Estate (part of the global alternative investment management business of Deutsche Bank’s Asset Management division) – acquisition of the Four Pillars Hotel Group for in excess of £100m. The transaction involved the implementation of a tax efficient offshore financing structure which maximised the availability of UK corporation tax deductions in the target group.
  • Tritax Securities Limited – acquisition of a hotel portfolio from LR Economy Hotels Limited for a consideration of circa £70m via a collective investment scheme and the sale to Accor of a £71m portfolio of 13 UK hotels for its HotelInvest business.