‘Unclear how it works’: BLP launches challenge as business rates look set to top £1bn a year

‘Unclear how it works’: BLP launches challenge as business rates look set to top £1bn a year

Changes could mean a one-third increase for City offices

With bank debt and real estate costs two of the most common causes of law firm distress, increases in business rates were met with concern by real estate professionals and lawyers in the Square Mile last month.

Continue reading “‘Unclear how it works’: BLP launches challenge as business rates look set to top £1bn a year”

‘Enduring strength’: HSF, BLP and Mayer Brown advise as £1bn offer made for the Cheesegrater

‘Enduring strength’: HSF, BLP and Mayer Brown advise as £1bn offer made for the Cheesegrater

Herbert Smith Freehills (HSF), Berwin Leighton Paisner (BLP) and Mayer Brown are leading as Chinese Investment Group CC Land is in advanced talks to buy one of London’s landmark buildings, the Leadenhall building (known as the Cheesegrater) for over £1bn. Continue reading “‘Enduring strength’: HSF, BLP and Mayer Brown advise as £1bn offer made for the Cheesegrater”

‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger

‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger

Berwin Leighton Paisner (BLP) and Nabarro acted opposite Eversheds and Mayer Brown on CBRE Global Investors’ merger of its UK Property Fund with the Electricity Supply Pension Scheme (ESPS), creating a £1.4bn property fund called the CBRE UK Property PAIF. Continue reading “‘A landmark for the industry’: BLP and Nabarro advise CBRE on £1.4bn flagship property fund merger”

Freshfields and Hengeler act as Blackstone inks largest European real estate deal this year

Freshfields and Hengeler act as Blackstone inks largest European real estate deal this year

Freshfields Bruckhaus Deringer and Hengeler Mueller have won spots advising as Blackstone Group purchased a portfolio of offices from IVG for €3.3bn, the largest European real estate transaction this year.  Continue reading “Freshfields and Hengeler act as Blackstone inks largest European real estate deal this year”

Kirkland wins first mandate from Singapore’s GIC in biggest European real estate deal of the year

Kirkland wins first mandate from Singapore’s GIC in biggest European real estate deal of the year

Kirkland & Ellis has advised opposite Freshfields Bruckhaus Deringer in the largest European real estate transaction of the year as Singaporean sovereign wealth fund GIC picked up P3 from TPG Real Estate for $2.7bn. Continue reading “Kirkland wins first mandate from Singapore’s GIC in biggest European real estate deal of the year”

The finance view: Bespoke and busy – no return to the cookie cutter but plenty of creative lawyering for City’s property finance teams

The finance view: Bespoke and busy – no return to the cookie cutter but plenty of creative lawyering for City’s property finance teams

Victoria Young reviews the changing property finance landscape

Berwin Leighton Paisner (BLP) head of real estate finance Naveen Vijh surveys a much changed landscape: ‘We have a much more diverse client market now. It is important to know the whole of the market, its whole breadth.’

Continue reading “The finance view: Bespoke and busy – no return to the cookie cutter but plenty of creative lawyering for City’s property finance teams”