News & Events | News

Monday 16th July 2007

Mixed-use developer Londonewcastle has secured four London sites with estimated developed value of £210 million.

The developer, which is backed by Bank of Scotland Corporate and Chelsfield Partners has acquired:

• the private residential elements of Legal & General’s Central St Giles Court scheme in the West End.  This forms part of the major Renzo Piano designed mixed-use development project.  Londonewcastle will work with joint venture partner Modern City Living on this scheme. 
  
  
• the Ink Building, off Ladbroke Grove in West London from architecture firm Quad.  The building will comprise 57 new-build flats, due for completion at the end of 2008.
  
  
• a serviced office building at 500 Chiswick High Road, West London from a local private investor.
  
  
• the Goldhawk Road Industrial Estate in West London from British Land.

Real Estate Partner Nick Minkoff led the SJ Berwin real estate team, advising Londonewcastle on all of the above deals, assisted by Senior Associates Richard Lloyd, Natasha Kamm and Madonna Kinsey. Corporate partner Perry Yam led the team on the Chiswick acquisition and joint venture arrangements with Modern City Living, assisted by Corporate associate Munira Patel.  Peter Rudolph of Berwin Leighton Paisner advised Legal & General ,Alan Spiers of Mischon de Reya advised Quad, Daniel Ellison of Mischon de Reya advised British Land, and Phil Lawrence and Andrew Hayward of Owen White advised the local private investor.

For further information please contact:

Nick Minkoff on +44 (0)20 7111 2599, email nick.minkoff@sjberwin.com    or Karen Roberts on +44 (0)20 7111 2578, email karen.roberts@sjberwin.com 

• 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, Milan, Munich, Paris and Turin.
   
  
• SJ Berwin LLP was named ‘UK Firm of the Year’ at the 2005 Legal Week Awards on 30 November.  The award 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 150 staff  in London of which 24 are partners (3 of which are tax partners) ,and over 70 associates, encompassing the disciplines of Commercial Real Estate, Construction, Planning & Environment, Property Litigation, Real Estate Funds and Tax.  In addition there are 3 dedicated European real estate partners.  There is an increasing emphasis on cross departmental activity with related areas of Banking and Corporate and also cross border / pan European real estate work, with our European offices.  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 was 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 in London.