International law firm Pinsent Masons has advised Leeds City Council on the largest office pre-let deal in Leeds city centre in more than 20 years. The Council has agreed a 25-year lease for c.170,000 sq ft at the new and refurbished Merrion House building owned by Town Centre Securities. The building will undergo a complete refurbishment and addition of a new 50,000 sq ft, six-storey extension.
SJ Berwin continues to advise longstanding client, British Land, one of the largest property development and investment companies in the United Kingdom, on a series of successful lettings as part of the ongoing regeneration of the Broadgate Estate.
Broadgate is a 30 acre fully managed estate in the heart of London's Square Mile, owned by British Land in a 50:50 joint venture with the Blackstone Group. The estate includes 16 separate buildings covering 4.0 million sq ft with a further 700,000 sq ft under development.
DLA Piper's London Real Estate team have advised luxury fashion brand Valentino SpA on negotiations with its landlord to take a new long term lease of its London store and offices.
The DLA Piper team was led by partner Paul Jayson (London) with assistance from Kate Etherden (associate, London), Earle Brady (legal director, Liverpool) and Roos Van Roemburg (legal assistant, London).
Herbert Smith Freehills has advised Investa Property Group on the extension of the leasing of Telstra’s Sydney headquarters until 2025.
As part of the new leasing agreement, Telstra will lease 30,165 square metres in the 400 George Street tower for the next 12 years.
The Herbert Smith Freehills team was led by Partner Julie Couch, who was supported by Senior Associate Julie Jankowski.
San Francisco, CA – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Four Corners Properties LLC and Rockwood Capital LLC in an agreement with Google to lease 100 Mayfield Ave., known as San Antonio Station, in a deal that appears to be the largest lease in Silicon Valley this year.
National law firm Irwin Mitchell's real estate team has advised key client Gazeley on the forward funding of a new unit at Magna Park, Milton Keynes to Aviva’s Lime Property Fund for a price in excess of £70 million. The unit has been pre-let to John Lewis plc on a 30 year lease and Aviva has acquired the land and will fund the construction of the building. Gazeley exchanged an agreement for lease with John Lewis plc in April 2013, which the Irwin Mitchell team also advised on. Practical completion of the building is expected around in early 2014.
Ashurst has advised ERDF on the signature of a green lease of nine years for their new headquarters within the Tour Blanche building (former Chartis tower), located in the heart of the business district of La Défense, Paris. With a 30 000 square meters' surface area on 26 floors, the business tower was entirely refurbished by a fund managed by Perella Weinberg Real Estate. The move has been planned for the second half of 2014.
Herbert Smith Freehills has advised Travis Perkins (Properties) Ltd on a £52.8m sale and leaseback of its new 630,000 sq ft regional distribution centre at the Omega North in Warrington, Cheshire from Standard Life Investments Long Lease Property Fund.
Travis Perkins, the UK’s largest supplier to the building and construction market, will take a 25-year lease at the development in Cheshire.
London - Leading global law firm Mayer Brown has advised GF Financial Markets (UK) Limited, the London arm of one of China’s top securities brokers, on the letting of 1 Broadgate, London EC2. The office space comprises around 8,000 sq ft on the ground floor, with a lease that expires on 1 January 2019.