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SJ Berwin Advises on Disposal of £56 Million of Properties

Wednesday 17th November 2004

Leading corporate and commercial law firm SJ Berwin's real estate division have advised Strategic Partners UK Fund 1, a closed fund run by CBRE Investors, on the disposal of the Javelin portfolio for £56.075 million. The portfolio which consists of ten properties of offices, retail warehousing and industrial stock has been sold to Active Commercial Estates Plc.

Real Estate partner Jon Vivian assisted by Darren Rogers of SJ Berwin advised Strategic Partners UK Fund 1. Nadine Strahl, partner assisted by Andrew Clayton of Osborne Clark advised Active Commercial Estates Plc.

Darren Rogers of SJ Berwin commented "This is our largest instruction on behalf of Strategic Partners in what has been a very active 18 months and to meet the tight exchange deadline highlighted the close working relationship that has been developed during this period."

Notes:

SJ Berwin's Real Estate Division totals just under 100 staff of which 18 are partners and 50 assistants, encompassing the disciplines of Commercial Real Estate, Construction, Planning & Environment, Property Litigation, Real Estate Funds and Tax. There is an increasing emphasis on cross firm activity with related areas of Banking and Corporate. The division acts for blue chip clients including British Land, Royal Bank of Scotland, the Hilton Group, Brixton plc, AXA, The Crown Estate, Marks & Spencer and Gazeley.

 The Real Estate Team has recently been awarded "Real Estate Team of the Year" in the Lawyer Magazine Awards 2004, following its advice on the RBS/Canary Wharf transaction - the highest-value property investment transaction in the UK in 2004.

Revenue from Real Estate represents approximately 21% of the firm’s total revenue.

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