For this award, judges will look for a standout example of real estate-related work, including financing, development or construction, or cases and transactions in planning, environment and regeneration areas. Judges will also look for evidence of cutting-edge advice on complex matters.
2016 WINNER: Burges Salmon
While this firm’s work for Ahli United Bank on the disposal of its entire portfolio of UK student flats was not the largest deal of the year, it was certainly unique. It involved the disposal of a Guernsey-based, sharia-complaint, Middle-Eastern owned UK property fund, perhaps a first for the UK property market.
Advised Facebook on its flagship European headquarters in London, the largest letting in the West End for a decade. In its first instruction for the tech giant, Eversheds tackled a number of hurdles, including the sheer scale of the site; a tight timescale; the fact it is on a public square; and the presence of Crossrail close by.
In one of the most complex single-site property deals undertaken by the firm, Hogan Lovells acted on the sale and sublet of BBC Media Village. The team advised the broadcaster on this high-profile transaction with Stanhope and Mitsui Fudosan UK, which involved a 17-acre site in west London comprising six buildings.
KING & WOOD MALLESONS
Rogers and his team had been the principal legal advisers to British Land on the redevelopment of 5 Broadgate for seven years. In 2015 the project completed on time, to budget and has developed a framework for the use of REITs as an investment vehicle.
Acted for Crosstree Real Estate Partners on its joint venture with Anschutz Entertainment Group to develop a new designer outlet retail centre at landmark London venue, The O2. The joint venture will also operate and manage existing leisure and retail real estate, including restaurants and a cinema, located around the concert arena at The O2.
Advised Canada Pension Plan Investment Board on its purchase of a UK student accommodation portfolio from Brandeaux Student Accommodation Fund. With total consideration of approximately £1.1bn, the deal was the largest portfolio transaction in the real estate sector for the first half of 2015.
Represented Barratt and London & Quadrant Housing Trust on their development with Sainsbury’s of an 8.25-acre derelict site at Fulham Wharf London, which included 737 new homes as well as retail and office space.