Real Estate Asset Management

Our Practice

Our experience has taught us that every premises, be it an office, shopping centre, warehouse or even a windmill, needs to be managed individually to unlock its full potential.

We develop an in depth understanding of your business operations and management structures and are able to help you to identify areas of improvement and ways to minimise your exposure to risk. We also help you to create tailored management strategies for your assets which ensure not only that they run effectively, but that they provide you with the highest possible return. Through this approach our lawyers can help you to drive forward your company’s performance by reducing liabilities and creating new sources of revenue for your business (whether from higher rents or capital appreciation upon disposal).

No matter the geographical reach and size of your real estate portfolio, our international asset management team can provide you with a prompt, cost effective and world class service.

Experience

A major US based investment fund

  • acting for a major US based investment fund on the restructuring of the occupational lease of a large distribution centre for a well-known UK confectionery manufacturer

A substantial overseas investor

  • acting for various property investment vehicles in respect of all aspects of the management of a significant City and West End real estate investment portfolio with premises in Leicester Square, Millbank and Finsbury Pavement

Baniyas Investment & Development

  • advising and preparing the lease documentation for the landlord with respect to the anchor letting to Carrefour of premises in an Abu Dhabi mall

Bank of Nova Scotia

  • acting on the sale of their office accommodation at 33 Finsbury Square, London and a lease back of the whole to Scotia Realty Limited

Bank of America Merrill Lynch

  • advising this major international bank on a variety of landlord and tenant matters at various prestigious UK locations

BDO LLP

  • acting for BDO, as administrators of Taj Properties Limited, on the letting of a sizeable retail premises at Old Steine, Brighton, to Sainsbury’s

Columbia Threadneedle

  • providing portfolio management services in respect of various funds with a spread of office and retail assets

Deka Immobilien GmbH

  • acting in relation to its UK property portfolio, including a number of substantial acquisitions, disposals and asset management transactions for landmark properties in the heart of London

Deloitte

  • acting for administrative receivers of a property investment group in relation to the management and disposal of a substantial portfolio of industrial property

Four Seasons Health Care

  • acting for the UK’s third largest care home operator on the complex reorganisation and restructuring of its care home portfolio

Henderson Global Investors

  • advising European backed closed-ended funds investing in UK reals estate with a combined value in excess of £400m and advising on the acquisition, acquisition finance and on-going management of several shopping centres, office buildings and logistic centres in Germany

Hines

  • acting on the acquisition of their first property in the UK on behalf of their European Central Fund, by way of a sale and leaseback of Cadbury’s distribution centre and the subsequent disposal, and advising on the re-gear of the lease of 15 Suffolk Place, London with the Crown Estate

ING Real Estate Investment Management (now CBRE Global Investors)

  • advising on the £380m acquisition and on-going management of six shopping centres by ING Retail Property Fund Britannica LP, together with the development of a new shopping centre as well as on the grant of various leases at its recently extended shopping centre in Ashford, Kent, and advising on the management of its mixed use property portfolio

KPMG

  • acting for the administrators of David Payne Homes Limited on the sale of Corbett Hospital site to Barratts

La Salle Investment Management

  • acting for the fund managers on the grant of reversionary leases of Hudson House, Pride Park, Derby, and acting for the fund managers on the surrender of a hotel lease and the grant of a new lease to a new operator, Travelodge, as well as providing portfolio management services for various pension funds including Nationwide and AMEC

Threadneedle

  • acting for this long standing client on the re-gear of the head leasehold interest in the Heals Building on Tottenham Court Road and on the transfer of its head leasehold interest in Premier House, Twickenham, to the Low Carbon Workplace Fund

RT Warren (Investments) Limited

  • acting for the landlord on the grant of leases at various office, retail and industrial premises

Zurich Assurance Ltd

  • acting for Zurich Assurance Ltd in connection with the restructuring of its occupational lease arrangements at an office building in Slough, resulting in a lease of whole to an existing occupier.

Specialist Expertise

Our core services include:

Lease advisory service

Our lawyers can advise on the grant of leases for all types of investment property, including retail complexes (West End, high street and out-of-town as well as shopping centres), offices and industrial and distribution facilities. We review lease provisions carefully to ensure that your asset is run effectively. We also have experience of assisting clients in relation to their leasing strategies, common parts management, service charges regimes and on all aspects of sustainability and “green leasing”.

Landlord and tenant concerns

Our experts are able to advise on all aspects of landlord and tenant law to ensure the effective running and management of your premises. Our service includes providing advice in relation to service charge recovery, alterations, dilapidations, consent to assign and underlet, authorised guarantee agreements and the preservation of covenant strength. We also provide advice on rent review and support in relation to third party submissions.

Construction

We are able to advise on all construction aspects relating to asset management transactions. Our lawyers provide guidance on collateral warranties, professional appointments, risk analysis and the more general aspects of development and construction projects, from inception through to a project’s completion.

Dispute resolution

Our dispute resolution team advises on matters relating to the Landlord and Tenant Act 1954, public and private nuisance claims and has extensive experience of conducting arbitrations and litigation proceedings to establish the correct meaning of lease provisions from alterations and consents to assign to dilapidations and rent review.