Trio called in as HSBC relocates UK headquarters
Decision to move UK HQ to Birmingham ahead of ring fencing legislation results in roles for three firms
April 20, 2015 at 05:06 AM
2 minute read
Eversheds, Pinsent Masons and Squire Patton Boggs have all taken advisory roles on a deal to move HSBC's UK headquarters from London to Birmingham.
HSBC has agreed to forward purchase 210,000sqft at Two Arena Central in Birmingham from a joint venture between Miller Developments and Pro Vinci Asset Management, called Arena Central Developments.
The base will be the head office for HSBC's UK bank serving solely personal and business customers when ring fencing legislation that means investment and retail banks must be separated comes into force on 1 January 2019.
Eversheds took the lead role acting for HSBC on the deal. Work on the site is due to start on at the end of the month if planning permission is secured.
The Pinsent Masons' team acting for developer Arena Central Developments was led by Birmingham real estate partners Tom Johnson and Lisa Middleton, supported by legal director Chris Dewes and associate Lyneth Blackwall.
Birmingham City Council was advised by Squire Patton Boggs. The project will be handed over to HSBC in mid-2017 for occupation from early 2018.
Last month Pinsent Masons also advised on another significant property deal in Birmingham, acting for Persimmon Homes on a £100m project to create hundreds of new homes at the former Selly Oak Hospital site.
The instructions on a separate £733m property deal last month between developer British Land and supermarket giant Tesco went to King & Wood Mallesons (KWM) and Berwin Leighton Paisner (BLP).
This content has been archived.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
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 read
'Significant' Competition Concerns Over £762M GXO Logistics-Wincanton Merger
Trending Stories
- 1Contract Software Unicorn Ironclad Hires Former Pinterest Lawyer as GC
- 2European, US Litigation Funding Experts Look for Commonalities at NYU Event
- 3UPS Agrees to $45M Settlement With SEC Over Valuation Claim
- 4For Midsize Law Firms, Curbing Boys-Club Culture Starts with Diversity at the Top
- 5Southern California Law Firms Boast Industry-Leading Revenue, Demand Through Q3
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
