Firm trio lead £111m London real estate portfolio sale
Bond Dickinson, Herbert Smith Freehills and Eversheds have taken lead roles on the £111m purchase of a south London property portfolio by joint venture Walworth Investment Properties. The 50:50 venture, set up between property investors Grainger and Dorrington, was created to acquire the residential portfolio from Grainger itself. A large team from Herbert Smith Freehills advised Dorrington, including corporate partner David Paterson, real estate partner Martin Dawbney, finance partner Ewen Fergusson, employment partner Peter Frost, and tax partners Will Arrenberg and Neil Warriner.
May 30, 2013 at 07:03 PM
2 minute read
Bond Dickinson, Herbert Smith Freehills and Eversheds have taken lead roles on the £111m purchase of a south London property portfolio by joint venture Walworth Investment Properties.
The 50:50 venture, set up between property investors Grainger and Dorrington, was created to acquire the residential portfolio from Grainger itself.
A large team from Herbert Smith Freehills advised Dorrington, including corporate partner David Paterson, real estate partner Martin Dawbney, finance partner Ewen Fergusson, employment partner Peter Frost, and tax partners Will Arrenberg and Neil Warriner.
Newly merged Bond Dickinson advised Grainger with a team led by head of residential real estate Nigel Emmerson, while Eversheds advised HSBC – which provided a debt facility of £60m for the joint venture – with banking and finance partner David Boyd in the lead role.
Emmerson said: "Since Grainger took over full ownership of this portfolio in 2011, it has generated a 36% return on its equity investment. We hope this new venture with Dorrington will help maximise longer-term returns on the portfolio."
The portfolio comprises 598 residential units and two commercial units, and produces gross rental income of approximately £6m per annum.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Latham, Jones Day and Wachtell Lead on Anglo American's $3.8B Coal Business Sale
2 minute read
Big Law Leaders, Dealmakers Optimistic about M&A Deal Flow Under Trump, With Caveats
5 minute read
The Law Firms Generating 8-Figure Fees on the Year's Big Ticket UK Deals
3 minute readTrending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
