Corporate Real Estate. Introduction to Mayer Brown s UK Corporate Real Estate Capabilities

Transcription

1 2015 Corporate Real Estate Introduction to Mayer Brown s UK Corporate Real Estate Capabilities

2

3 Contents Page About Mayer Brown 1 The UK Real Estate Group Overview 3 Corporate Real Estate 5 Examples of corporate HQ office acquisition, relocations and developments 7 Key Individuals 9

4 Client quote: Fantastic - I was really happy with them. They brought a good team across jurisdictions. Chambers UK 2015.

5 About Mayer Brown Mayer Brown is a leading global law firm with offices in major cities across the Americas, Asia and Europe. Our presence in the world s leading markets enables us to offer clients access to local market knowledge combined with a global reach. We are noted for our commitment to client service and our ability to assist clients with their most complex and demanding legal and business challenges worldwide. We provide legal services in areas such as banking and finance; corporate and securities; litigation and dispute resolution; antitrust and competition; US Supreme Court and appellate matters; employment and benefits; environmental; financial services regulatory & enforcement; government and global trade; intellectual property; real estate; tax; restructuring, bankruptcy and insolvency; and wealth management. mayer brown x 1

6 a large team including every aspect of real estate, which is very helpful for us in doing all the aspects of our work. Chambers UK x Introduction to Mayer Brown s UK Corporate Real Estate Capabilities

7 The UK Real Estate Group Overview Mayer Brown has a team of specialist real estate lawyers in its London office. It is a core practice area, has extensive market knowledge and diverse experience in the following sectors: y Real estate projects for corporates (for example, head office relocations, redevelopment, letting and portfolio management); y Investment (for example, tax structured acquisitions and disposals, lettings and associated asset management); y Real estate joint ventures and funds; y Development schemes; y Real estate finance; y Hotel and leisure (including management and franchise agreements); y Data centres; y Planning and environmental sustainability projects; and y Facilities management, outsourcing and risk management. Our organisation has been built to support multinational businesses. Our lawyers have extensive experience of managing cross-border real estate transactions and dealing with the associated regulatory, compliance and jurisdictional complexities. Our lawyers are accustomed to working with their colleagues in other offices and with local counsel around the world to ensure clear comprehensive advice for clients with multi jurisdictional issues. We are justly proud of the knowledge and experience that our lawyers have gained and we use that intellectual capital for the benefit of all of our clients so as to deliver a creative, streamlined and high quality service. mayer brown x 3

8 Mayer Brown International LLP is noted for its high level of service and technical competency, combined with business acumen. Legal x Introduction to Mayer Brown s UK Corporate Real Estate Capabilities

9 Corporate Real Estate Mayer Brown s global Corporate Real Estate Group is one of the very few specialist real estate groups in the legal market dedicated to focusing on advising corporations on their own real estate needs. Forming part of Mayer Brown s wider global real estate group, it comprises an integrated team of specialist lawyers across our main hubs in Europe, the US and Asia all of whom are experienced in providing expert advice in relation to those areas which are business critical to corporate users of real estate. In addition to general real estate advice, the Group is expert in the structuring and running of real estate portfolios in order to align them with the owner/ occupier s business needs and to extract value, for example, by way of restructuring and regearing of leases, sale and lease back or PropCo/OpCo structures. The Group also has specialist expertise relating to office and industrial property, data centres, real estate outsourcing, environment sustainability legislation and risk management in the context of real estate portfolios (whether leased or owned). Other corporate end user clients include global organisations such as JP Morgan Chase Bank, Credit Suisse, State Street Bank, FirstRand Bank, Unilever, AT&T, Kimberly-Clark, Puma, and Dow Chemical Company. In London the Corporate Real Estate Group comprises over 15 lawyers advising on tax, construction, environment, planning and corporate issues as well as real estate and real estate litigation. Examples of the work the Group is involved in include: y Office and industrial portfolio acquisition and sales, leasing and site separations, advising on international property divestment programmes, as well as general day to day asset management. y Real estate structured transactions including sale and lease backs and PropCo/OpCo structures. y Data Centres: advice to occupiers, operators, investors and developers of data centres and telecommunications related real estate. As a leader in this specialist sector the team has received a number of high profile instructions from both end users and operators, such as AT&T, Credit Suisse and Colt Telecommunications, as well as specialist data centre developers and investors, resulting in a breadth of experience across the sector in EMEA, Asia, South America and Asia/Pacific, which we believe is unique. y Environmental sustainability issues, working with our environment practice. These we believe will play an increasingly important part in the economic and strategic thinking of our corporate clients given proposed progressive increases in related legislation which will affect all corporate users and owners of real estate in the UK and across the rest of Europe. y Real estate risk management - advising clients on ways in which they can manage environmental, occupier and other types of risks in relation to the running and operation of their real estate portfolio including lease audit and pre-emptive real estate litigation advice. y Cross border facilities management and strategic real estate outsourcing. y Office acquisition, disposal, relocation and lease restructurings. mayer brown x 5

10 corporate partners also working alongside colleagues in the real estate team on property transactions, reflecting both market activity and traditional firm strengths. Legal x Introduction to Mayer Brown s UK Corporate Real Estate Capabilities

11 Examples of corporate HQ office acquisition, relocations and developments y Alvarez & Marsal. We advised Alvarez & Marsal on its Headquarter relocation to One Finsbury Circus. y Ascot Underwriting. We advised Ascot Underwriting on the pre-letting of a floor at 20 Fenchurch Street from Land Securities/Canary Wharf Group. y Baker Botts. We advised Baker Botts (an American law firm) on its London headquarters at 41 Lothbury, EC2. y Bear Stearns (now JP Morgan Chase Bank). We advised on the development and pre-letting of 5 Churchill Place, Canary Wharf and its subsequent sub-letting to MF Global UK Limited. y Boodle Hatfield. We advised Boodle Hatfield on its move to new offices in London s Bankside where they are taking 24,000 square feet at 240 Blackfriars Road, London SE1. y Cinven. We advised on the Letting of Warwick Court, Paternoster Square from Goldman Sachs. y Clarksons. We advised Clarksons on securing the pre-let of Commodity Quay at St. Katherine s Docks, London, as their new head office. y CMC Markets. We advised CMC Markets on the relocation of its London headquarters and also in relation to its global office portfolio, including its offices in New York and Hong Kong. y Crosstree/Helical Bar. We advised Crosstree Real Estate Partners/Helical Bar plc joint venture in relation to the purchase of properties adjoining London s Old Street roundabout. y DLA Piper. Advised DLA Piper, the largest law firm in the world by revenue, on its head office move to 160 Aldersgate Street, London, a 200,000 sq ft redevelopment of CMS Cameron McKenna s headquarters. y FirstRand Bank. We advised FirstRand Bank on a ten-year lease of Austin Friars House, EC2, for their London Headquarters. The newly refurbished office space comprises of over 9,000 square feet on the ground floor and sixth floor. This follows our advise on the bank s previous headquarter relocation from Two London Bridge to 20 Gracechurch Street. y GF Futures. We advised GF Futures on the HQ lease for approximately 8,000 sq ft of space on the ground floor of 1 Broadgate. y JP Morgan Chase Bank. We advised JP Morgan on the purchase of its new European Headquarters at 25 Bank Street, Canary Wharf for 495 million. y Langholm Capital. We advised Langholm Capital on its relocation to new West End offices at Charles House, Regent Street. y Mount Kellett Capital Management LP US. We advised the US private equity firm on the acquisition of its London office in Berkeley Square. y Puma. We advised Puma on the pre-let of its new corporate UK headquarters at Sea Containers on the south bank of the Thames. Puma is relocating from its current base at Challenge Court, Leatherhead.- We also advised on the consolidation of its three previous buildings to one. y Putman Investments. We advised Putman Investments in London and overseas. In the UK, we acted on the acquisition of Putman s HQ at Cassini House, St James Street in the West End. y Red Bull. We advised for Red Bull in the disposal of its former headquarters in the West End of London and its relocation close to Tower Bridge. y SAUL pensions. We advised SAUL pensions on its headquarter relocation to 1 King s Arms Yard, EC2. y SAVVIS Inc. We advised US data centre operator, SAVVIS, on all the aspects of the development, letting and fit-out of its data centre at the Slough Trading Estate from SEGRO and advising on the power agreement with Slough Heat & Power (now part of Scottish & Southern Energy). y Teighmore Limited / Sellar Property Group. Advised Teighmore Limited and Sellar Property Group on office lettings at The Shard, London, including the signing of a 10-year lease at a record rent for the South Bank office rental market. y Unilever. We advised Unilever on the acquisition and development of 100VE and their HQ at Leatherhead. mayer brown x 7

12 You have to be very focused and go through the details to make sure the property works and they re extraordinarily good at doing that. Chambers UK x Introduction to Mayer Brown s UK Corporate Real Estate Capabilities

13 Contacts Jeremy Clay Partner T: E: Martin Wright Partner T: E: Jeremy Clay leads the firm s worldwide real estate practice. I think he is outstanding, enthuses one client; he is at the top of his game. Very commercial and will properly play his part in a negotiation. Chambers UK 2015 Martin Wright is head of European real estate. Clients say: Martin s style is very direct. He is clear on what a client s position should be and will be diligent in achieving it, but he is commercial enough to be able to point out to his clients when they are not in the right place and he s happy to talk to his clients in detail and debate the issues. Chambers UK 2015 Anita Jones Partner T: E: anita.jones@mayerbrown.com Patricia Jones Partner T: E: pjones@mayerbrown.com Caroline Humble Partner T: E: chumble@mayerbrown.com mayer brown x 9

14 They re very responsive and commercial; as a group they deal with issues quickly and professionally. Chambers UK x Introduction to Mayer Brown s UK Corporate Real Estate Capabilities

15 About Mayer Brown Mayer Brown is a global legal services provider advising clients across the Americas, Asia and Europe. Our geographic strength means we can offer local market knowledge combined with global reach. We are noted for our commitment to client service and our ability to assist clients with their most complex and demanding legal and business challenges worldwide. We serve many of the world s largest companies, including a significant proportion of the Fortune 100, FTSE 100, DAX and Hang Seng Index companies and more than half of the world s largest banks. We provide legal services in areas such as banking and finance; corporate and securities; litigation and dispute resolution; antitrust and competition; US Supreme Court and appellate matters; employment and benefits; environmental; financial services regulatory and enforcement; government and global trade; intellectual property; real estate; tax; restructuring, bankruptcy and insolvency; and wealth management. Please visit for comprehensive contact information for all Mayer Brown offices. Mayer Brown is a global legal services provider comprising legal practices that are separate entities (the Mayer Brown Practices ). The Mayer Brown Practices are: Mayer Brown LLP and Mayer Brown Europe-Brussels LLP, both limited liability partnerships established in Illinois USA; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales number OC ); Mayer Brown, a SELAS established in France; Mayer Brown JSM, a Hong Kong partnership and its associated legal practices in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. Mayer Brown Consulting (Singapore) Pte. Ltd and its subsidiary, which are affiliated with Mayer Brown, provide customs and trade advisory and consultancy services, not legal services. Mayer Brown and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions The Mayer Brown Practices. All rights reserved.

16 Americas Asia Europe ten