"Clients have complete confidence in the technical skills of the team"
Chambers UK 2013
Nabarro’s Funds and Indirect Real Estate team is acknowledged as a market leader for real estate, private equity and hedge funds. The team's core practice areas include:
UK and international fund establishments and renewals
Corporate-wrapped real estate acquisitions and disposals
Tax led structuring
Investment into global, pan-European and UK funds
Real Estate Investment Trusts (REITs)
In 2012, the team advised on closings for 8 funds raising an aggregate of £1.5 billion and closing transactions with an aggregate deal value of more than £2.5 billion.
Much of the Funds and Indirect Real Estate team’s work is international. The team draws on close and established relationships with other leading law firms in Europe and around the globe, ensuring that clients are provided with a consistent, high level service.
The team is one of the largest in London specialising in the indirect real estate market and comprises 6 partners and 17 fee earners.
2012/2013 deal highlights
Transaction highlights include:
Sale of a 50% interest in Meadowhall Shopping Centre for London & Stamford Property and its JV partner to Norges Bank Investment Management which valued the centre at £1.5bn.
Acquisition of Ropemaker Place, London on behalf of AXA and two joint venture partners for £472m.
Sale of Tower 42 for BlackRock, Hermes and LaSalle to the Kirsch Corporation.
Sale of the Junction Fund for Hermes, Aviva, AREA Property Partners and Capital & Regional to Hammerson.
Sale of 10 Gresham Street for Hammerson and Canadian Pension Plan to KWAP, the Malaysian state pension fund.
Acquisition of the Caspar property portfolio by Mountgrange and Patron Capital from Henderson Global Investors.
Establishing a joint venture between UNITE (the market leader for student accommodation funds) and Government of Singapore Investment Corporation (GIC).
Acting for Development Securities plc on their joint venture with RealStar in respect of a residential site in Stratford.
Funds highlights include:
Establishment of European Property Investors Special Opportunities 3 LP, a pan-European opportunity fund for Tristan Capital Partners.
Successive closings of Rockspring TransEuropean Property V.
Establishment of AXA's UK Long Lease Property Unit Trust.
Final closing of Curzon Capital Partners III LP for Tristan Capital Partners.
Establishment of Cordea Savill's Prime London Residential Development LP.
Establishment of Mansford Opportunities IV and Mansford Core Property Portfolio.
Our latest alerts, briefings & reports
Nabarro briefings and reports
Legal Update 2013 part 2: key points and top tips
Our annual legal seminar highlighted new legal topics affecting the funds and real estate sectors. This is part 2 of a two-part series dealing with the topics covered in our seminar. View full briefing
Legal Update 2013 part 1: key points and top tips
Our annual legal seminar highlighted new legal topics affecting the funds and real estate sectors. This is part 1 of a two-part series dealing with the topics covered in our seminar. View full briefing
10 things you need to know about the European Market Infrastructure Regulation
We have been talking about the European Market Infrastructure Regulation (EMIR) for years. With certain parts of EMIR now in force and others planned imminently, here are 10 key questions to help you understand if, and how, you will be affected by EMIR. View full briefing
HMRC seeks to tackle high-risk promoters of tax avoidance schemes and expand the scope of DOTAS
HMRC has published its latest consultation document “Raising the stakes on tax avoidance”, which it claims marks a “significant new development” in its approach to tax avoidance. The consultation focuses on new measures to obtain information about schemes, particularly those marketed and sold by high-risk promoters. View full briefing
HS2 Phase 1 safeguarding directions issued
The Department for Transport has issued safeguarding directions for the vast majority of Phase 1 of the HS2 project. View full briefing