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Wednesday 6th March 2002

SJ Berwin have acted on behalf of Delancey Estates in the sale of Aridgrove UK Limited whose sole asset is the freehold interest in 9 Marylebone Lane London W1 for over £17,000,000. Nick Minkoff (Property) and David Parkes (Corporate) led the SJ Berwin team.

DLA's Head of Real Estate Philip Rooney assisted by Joanne Robertson (Real Estate) and Liz Lewis (Corporate) acted on behalf of the purchaser, Universities Superannuation Scheme.

The 26,000 square foot property is let to Fitzhardinge Plc whose principal business is Colliers CRE surveyors and property consultants and is used as their national headquarters.

• Nick is a Senior Assistant Solicitor in the Property Department having qualified in 1995. He has gained extensive experience in many aspects of commercial property work and has carried out a number of transactions on behalf of Delancey. Nick has particular experience in the acquisition and disposal of investment property, both individually and as a part of a portfolio and general landlord and tenant work with particular emphasis on property within the office, retail and leisure sectors. Nick also has experience in development work, including various prelettings.
• SJ Berwin have acted for Delancey Group Ltd in connection with a number of matters, including:
• Letting of 24,000ft2 restaurant and leisure space at Millennium Plaza, Cardiff
  Purchase, development, letting and subsequent sale of 1 New Fetter Lane, EC4 for £45m - Letting of 20 Manchester Square W1 for £3.5m and subsequent sale for £45m
• Acquisition, redevelopment & letting of 15-16 Manchester Square
• Acquisition of Rolls Building and Arnold House, New Fetter Lane for £46m
• Purchase, letting and subsequent sale of 117 Piccadilly London W1 for £11.25m
• Sale of Dixon Delancey Joint Venture portfolio for £26m
• Acquisition and funding of Millennium Plaza, Cardiff for £25m