With 70 lawyers backed by the full-service support of more than 100 other real estate specialists, this team is one of the biggest dedicated commercial development and investment practices in the UK. Day in, day out, the 10-partner team handles acquisitions, developments and disposals for UK and international developers and investors.
The team has a 'reputation for its ability to handle the most sophisticated deals' (Chambers UK). These skills are used to good effect on high-value deals. It advised Development Securities on the acquisition of a 1.5 acre site in Hammersmith from London Underground Limited. The site will be transformed into a landmark 360,000 sq ft office-led, mixed-use scheme, with an estimated value of around £250 million.
Other high-profile work includes one of the City's biggest-ever property transactions - The Peabody Fund's sale of Cutlers Gardens Estate for over £400 million, a £58 million acquisition for Opus Land, Birds Eye's head office relocation, a first deal for D&D London as well as a trio of sales for The Peabody Fund.
Investing in long-term working relationships and putting names to faces is central to this team's client service. According to Chambers UK, its lawyers engender a feeling of confidence in clients who appreciate their ability 'to get under the skin of a particular client's industry and understand their client's issues, as if they worked in-house'.
This in-depth insight into a client's business and its market means the team appreciates and acts on commercial imperatives, working out the best way to get the deal done. Like many Wragge & Co teams, commercial development and investment lawyers work as one team across two locations.
Having experts in London and Birmingham gives it the flexibility to deliver advice and support where and when the client wants it. And, 'support from tax, finance, planning, litigation, construction, regeneration and environmental departments enables the team to handle the most sophisticated of projects' (Chambers UK). What is paramount is putting the right team together.
Leading individuals include 'commercial and solutions-driven' Mark Chester, while Peter Thorne is commended for his 'quick and to-the-point advice' (Chambers UK). Reena Patel is the firm's newest commercial development and investment partner.
Clients include Ballymore, CBRE Investors, Colliers Capital, Development Securities, Hines, JP Morgan's Peabody Fund, Marks & Spencer, Miller Developments, Multi Development and St Modwen.
For more information on commercial development and investment, contact Adrian Bland (firstname.lastname@example.org).