UK trio win out in Standard Life Investments panel review
Dundas & Wilson, Herbert Smith and Addleshaw Goddard have all been reappointed to Standard Life Investments' real estate funds panel. The firms successfully tendered to remain on the real estate funds panel for another three years, with Dundas & Wilson set to carry out all property work in Scotland, while Herbert Smith and Addleshaws will continue to advise on property work in England.
October 26, 2009 at 11:00 AM
2 minute read
Dundas & Wilson, Herbert Smith and Addleshaw Goddard have all been reappointed to Standard Life Investments' real estate funds panel.
The firms successfully tendered to remain on the real estate funds panel for another three years, with Dundas & Wilson set to carry out all property work in Scotland, while Herbert Smith and Addleshaws will continue to advise on property work in England.
Herbert Smith real estate partner Shelagh McKibbin is the firm's relationship partner, while fellow real estate partners Ian Cox, Julian Pollock and Richard Forsdyke all work with the company on a regular basis. John Pike and Philip Goodstone are the relationship partners for Addleshaws.
The appointments will see the trio providing advice on all aspects of the fund's real estate work, including acquisitions, sales, development and estate management.
Dundas property partner Stuart Tait (pictured), who led the firm's team on the bid, commented: "Long-term client relationships have never been more important, so we are delighted that we will be able to maintain and build on our relationship with Standard Life Investments.
He added: "Most people would agree that there are some whispers of increased activity in the commercial property investment market. There is a real sense of excitement now about helping Standard Life Investments' real estate funds identify and take advantage of those opportunities which will hopefully benefit those real estate funds as things develop."
Recent deals that Dundas has advised Standard Life Investment on include the sale of 1-7 Exchange Crescent in Edinburgh to property fund management company Warburg-Henderson KAG for more than £50m.
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