Real Estate

Deals Sheet

Examples of the transactions we have acted on:

• Acting for the Amsprop Group in connection with an agreement with McDonalds relating to the surrender of part of its existing premises and the grant of a new lease of additional premises, to allow Amsprop to reconfigure the entrance to the upper parts of a building it owns in Oxford Street, which is being redeveloped as offices with the existing retail and McDonalds restaurant on the ground floor.  Kingsley Napley also advised on the amendments to the building contract and the appointment of professionals.  The agreement with McDonalds was highly complex since it involved carrying out substantial works for McDonalds and carrying out major works whilst McDonalds remain in occupation. It is a major multi-million pound development.
• Acting for Kinloss Property on the acquisition from Land Securities of an investment property in Oxford Street consisting of a mixture of retail and offices at a purchase price of £155M. KN's team was led by Paul Harbour with the matter being completed expeditiously in a tight, pre-agreed timeframe. The team dealt pragmatically with the various commercial points that arose including the complexity of the legal estates being sold, the construction issues arising as a result of the recent redevelopment of the building as well as the landlord/tenant issues. (for more information, please click on the link: Property Week and Land Securities press release)
• The acquisition of a recently developed investment property in the City of London at a price in excess of £14 million together with the assignment of construction documents and warranties as part of a long term investment strategy on behalf of a multinational company.
• The acquisition of land for £3 million from Corus as part of the site assembly for the Corby Northern Orbital Road.  This is connected to the proposed major development at Priors Hall Corby
• Acquiring a property for development in the West End of London at a price of £12 million for a client based off-shore  
• Taking a lease of premises in Central London for a major radio station
• The sale of a recently developed investment property at a price in excess of £12.5 million together with the assignment of construction documents and warranties
• The transfer of a number of residential properties at a value of circa £10 million for an off-shore trust to an on-shore vehicle in order to mitigate potential tax liabilities 
• Acquiring a development site in South London for a mixed use retail/residential scheme which now in its construction phase.  We negotiated the development agreement and lease with the anchor tenant, a major supermarket. The deal also involved the preparation of leases for the residential units and the creation of a head lease to protect the freehold investment
• The purchase of a redevelopment site in Huddersfield at a value in excess of £10 million which included drafting complex overage provisions
• The grant of leases of an office building in High Wycombe with annual rents in excess of £500,000 and £270,000 respectively
• The acquisition of a former Alders store for redevelopment and negotiating and completing a planning agreement required in connection with the Planning Appeal
• The acquisition and sub-sale of a property for an established developer.  The contract was conditional upon obtaining planning consent and the release of restrictive covenants
• Completing an agreement for Lease to Premier Inn for the conversion of the client's former Head Office premises to a 122 bedroom hotel with an initial rental  in excess of £500,000 p.a.
• The acquisition of a Grade I Listed office building in Mayfair, W1, for £4m
• The refinancing of a commercial investment portfolio valued at circa £32m. Advising the Borrower on the syndicated loan facilities and preparing Certificates of Title for the banks

Contact: propertyweb@kingsleynapley.co.uk