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International Edition

A&O, BLP and DLA win roles on Middle East real estate roster

Middle East real estate company Aldar has named the firms on its first formal legal panel, with Allen & Overy (A&O), Berwin Leighton Paisner and DLA Piper all winning roles. The Abu Dhabi property developer and investor finalised the review during the last quarter of 2009 with appointments made at the beginning of the year.
2 minute read

International Edition

Hammonds eyes real estate revival with trio of senior hires

Hammonds has expanded its real estate team and launched a planning group in London with three senior hires. The national law firm is to launch a planning group in the City with the hire of Oliver Goodwin, who is set to join the firm in April from Mishcon de Reya, where he was head of planning and environment.
2 minute read

International Edition

Taylor Wessing recruits Hammonds partner for Dubai arm

Taylor Wessing has hired Hammonds partner Mark Fraser to bulk up its Dubai construction practice. Fraser, who will join the UK top 50 firm at the start of May, has been a partner at Hammonds for three years, and has advised on construction law, arbitration and insurance matters, with a focus on the Middle East.
2 minute read

International Edition

Eversheds and CC lead on £250m UK retail property joint venture

Eversheds and Clifford Chance (CC) have won leading roles advising on a £250m joint venture between property investment company NewRiver and Morgan Stanley Real Estate Investing (MSREI) to invest in UK retail property. The Guernsey-registered joint venture, which will be known as NewRiver Retail Investments, has an acquisition capacity of more than £250m including leverage and has already made its first portfolio acquisition.
2 minute read

International Edition

Iberia: Building the road ahead

Portugal currently has a significant public-private partnership (PPP) market, with several projects already concluded and many more in the pipeline. As a percentage of gross domestic product, the country has the highest level of investment in PPP/private finance initiatives (PFI) in the EU. Although the road sector is the most active, there is also a variety of other projects in sectors including energy, railways, waste, prisons, healthcare and airports.
8 minute read

International Edition

Iberia: Remodelling the real estate market

The Bill introducing the long-awaited Sociedades Cotizadas de Inversion en el Mercado Inmobiliario (SOCIMIs) in Spain - similar to the UK's Real Estate Investment Trust (REITs) - was finally passed on 26 October 2009 after a complete change in circumstances resulting from the real estate crisis. Although the Spanish Government has been heavily criticised for not introducing REITs when the real estate market was at its peak, some experts consider that the introduction of SOCIMIs could be the appropriate incentive to restart the Spanish market.
7 minute read

International Edition

Eversheds public sector partner makes switch to Beachcroft

Beachcroft has expanded its public sector team with the hire of Eversheds partner Eve Gregory. Gregory joins the national firm today (1 March) as a partner in the Leeds office after serving nine years as a partner at Eversheds, where she was responsible for the UK top 10 firm's health estates group in the north.
2 minute read

International Edition

Field Fisher Hamburg partner duo quit to launch new business

Field Fisher Waterhouse has seen two of the founding members of its German practice leave the firm. Partners Frank Moerchen and Thomas Demmel, who helped to launch the firm's Hamburg office in 2007, are leaving Field Fisher to set up their own business. The pair will launch CORE Business Lawyers in early March. The new business will focus on corporate and real estate transactions.
2 minute read

International Edition

Camerons real estate chief in Bristol move as firm aims to compete with nationals

CMS Cameron McKenna's real estate head Edward Benzecry is set to relocate to Bristol as he steps down from leading the practice group. Benzecry, who was not eligible to stand for a third four-year term leading the real estate practice, is due to relocate on 1 May.
2 minute read

International Edition

A&O set to launch new office in Qatar with transfer of City partner

Allen & Overy (A&O) is set to launch an office in Qatar with the relocation of City real estate partner Robert Porter. The magic circle firm received approval from the Qatar Financial Centre Regulatory Authority earlier today (15 February), allowing it to practise both international and local law from the office.
3 minute read

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