Real Estate Team of the Year
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.
Clifford Chance/Eversheds Sutherland/Network Rail
Nicholas Bartlett, Angela Kearns, Cathy Crick
Described by the FT as ‘one of the largest ever UK real estate deals’, this trio of legal teams combined seamlessly on Project Condor – Network Rail’s sale of its commercial estate, comprising 5,200 properties, for £1.45bn to Blackstone and Telereal Trillium.
Burges Salmon/Transport for London - HIGHLY COMMENDED
Philip Beer, Katie Sullivan
Law firm and in-house team collaborated fully on the Albert Island regeneration in The Royal Docks, one of the last big GLA sites awaiting transformative regeneration. Both combined throughout particularly on the procurement process, which involved an unusual obligation on the development partner to build and open a new shipyard.
Advising the PRC Government on relocating its embassy to the former Royal Mint Court site. The deal raised a number of unusual legal risks and challenges, including bespoke key documents in English and Mandarin, a joint venture partnership, and issues surrounding privacy and security specific to the PRC.
Advising Hodson Developments on the acquisition, financing and development of 5,750 homes in a substantial part of a development site at Chilmington Green, Ashford. The project had multiple parties, complex ownership arrangements and a bespoke agreement was needed to please all parties.
Leading the advice on Allied London – a £1.3bn forward funding with Aviva and development of Enterprise City in Manchester. The firm has been involved in every aspect of the project: pre-lets/sales, planning and construction advice, major constraints resolution and multiple finance arrangements.
Advising InTown Group on the acquisition of 20 UK hotels and the associated management platform from Apollo Global Management for more than £700m – InTown's first venture into the UK market. The project involved 50 lawyers across 11 different areas covering the deal.
Advising Fresh Wharf Developments on concluding a deal for the redevelopment of the northern part of Fresh Wharf Estate in Barking, which will see homes and commercial units built on a contaminated site. An agreement was first signed between Fresh Wharf and developer Countryside in 2005 and has been varied a number of times since.