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SJ Berwin Advises British Land on Sale in Excess of £65 Million at Heathrow

Wednesday 14th December 2005

Corporate and commercial law firm SJ Berwin's real estate division has advised The British Land Company PLC on the sale of Units 1 and 2 at Heathrow Gateway in Feltham, Middlesex.  The distribution warehouse units were sold to New Star Property Unit Trust for in excess of £65 million.

Real estate partner Lewis Myers led the SJ Berwin team, assisted by Mike Scott.  The purchaser was advised by John Lean, partner of Lawrence Graham.

The sale completes British Land's selling strategy at Heathrow Gateway.

Notes:

• On 1 June 2005 SJ Berwin LLP, an English limited liability partnership, took over the business of the SJ Berwin general partnership. SJ Berwin LLP or an affiliated undertaking has an office in Berlin, Brussels, Frankfurt, London, Madrid, Munich and Paris.
• SJ Berwin LLP was named 'UK Firm of the Year' at the 2005 Legal Week Awards on 30 November.  The awards recognised SJ Berwin's five years of international expansion and its involvement in a series of high quality deals.
• SJ Berwin's Real Estate Division totals 118 staff of which 22 are partners (3 of which are tax 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 is Legal Business Real Estate Team of the Year 2005. It was also named "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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