CMS Cameron McKenna has landed its first role for property outsourcing giant Land Securities Trillium (LST) on its acquisition of AMEC's Projects Investments business for £163.5m.

Camerons advised LST on its acquisition of AMEC's interests in nine signed private finance initiative (PFI) projects and one preferred bidder project. The team is being led by corporate partner Sandra Rafferty.

Camerons previously had strong links with LST's secondary market team, previously part of the Secondary Market Infrastructure Fund (SMIF), which was acquired by LST last year. Berwin Leighton Paisner advised regular client AMEC through corporate partner Keith Stella.

Rafferty commented: "We are pleased to continue our relationship with the SMIF team since their takeover because they were a good client of the firm. This is the first major acquisition for LST in the secondary PFI market since acquiring SMIF."

Project Investments' nine PFI projects are all in the UK and cover the healthcare, transport and education sectors. They include Cumberland Infirmary, one of the country's first operational PFI hospitals, and the South Lanarkshire Schools PFI, one of the largest schools PFI projects to date.

As the property outsourcing arm of Land Securities Group, LST operates its own panel which includes Allen & Overy, Freshfields Bruckhaus Deringer, Nabarro, Olswang and White & Case.

The company does not stick rigidly to its preferred adviser list, however, and in March this year it instructed Dickinson Dees for the first time on a £30m redevelopment of Leicester Grammar School.