It has been an active period for the UBS Triton Property Fund. With a team led by Ian Paul, our instructions from UBS this year included investment acquisitions with a combined value of circa £215 million.

We acted on two acquisitions for new client Neptune Land Limited. Led by partners Kevin Steele and Philip Freedman, this included a 125,000 sq ft development site in Ealing with an end value of £40 million being redeveloped in partnership with Standard Life. We have recently been instructed to act on the acquisition of a large development site in Romford.

Ian Paul headed the team acting for Topland Group Plc on the refinancing of their extensive property portfolio, valued at over £1 billion. The portfolio is composed of a diverse range of sectors including leisure, retail warehouse, office and healthcare. Other work for Topland included a number of complex disposals with back-to-back surrenders from tenants relating to properties in Bridgewater, Margate and Poole.

Ronald Hooberman continued to act for Fairview New Homes on affordable housing transactions, including the sale of 94 flats to be constructed for Suffolk Heritage Housing Association Ltd in Fairview’s development at Duke Street Ipswich.

Head of Planning Oliver Goodwin advised the producers of BBC’s acclaimed ‘House of Tiny Tearaways’ series on securing the planning position on the distinctive red house and film set in the Green Belt.

Nick Doffman headed the team that acted on the £73 million acquisition of the prominently positioned investment property at 431/451 Oxford Street for the Structadene Group. The deal was structured by way of an acquisition of units in a Jersey Property Unit Trust (JPUT).

Oliver Goodwin is advising the Minoan Group (formerly Loyalward) on the environmental impact and European planning law aspects of Greece’s largest inward investment project. The £775 million, 2,500 hectare, scheme will have 7,000 beds, a golf course, conference centre and an open air amphitheatre.

Our team, led by partner Kevin Gillon, continued to be active for Winston and Pears Group joint venture Refined Estates Limited in their acquisition of petrol filling stations. We acted for them on the purchase of a portfolio of 56 petrol filling stations from Texaco with leases back to Pace Petroleum. This purchase brings the Refined Estates portfolio up to a total of 175 filling stations.

Nick Doffman and Daniel Lipman joined forces with the corporate department’s Larry Nathan to advise Earls Court & Olympia Group on the Opco/Propco structured acquisition of The Brewery, Chiswell Street from Whitbread Group Plc for £55 million. The work for Earls Court & Olympia Group represents only a small portion of the work carried out for majority shareholders Simon Conway and Anthony Lyons. We also advised the duo on the first acquisition for their new venture, Matterhorn Capital. Matterhorn Capital’s joint-venture with Western Ridge Properties acquired and subsequently disposed of the £32.2 million Lagonda Portfolio.

Property partners Philip Freedman and Susan Freeman worked with the corporate department’s Nick Davis and Louise Farrant to advise on the acquisition of Leavesden Business Park Watford by Isle of Man investor, Golfrate. The business park comprises three buildings, let to BT, producing a rent of circa £4 million per annum. The property was acquired through the purchase of a BVI registered company.

Mishcon de Reya has been appointed to the corporate banking panel of Clydesdale Bank and has been instructed to act on the bank’s financing of a significant property development in East London.

We have completed three investment acquisitions for leading private property group O&H Properties Limited, at a combined consideration in excess of £28 million. The acquisitions included Mellier House, Albemarle Street, London W1, adding to O&H’s extensive portfolio of UK investment and development projects. We also acted for O&H on its joint venture purchase, alongside GE Real Estate, of landmark building The Ark, Hammersmith, from Deka for £49.5 million. Property Partner Daniel Lipman and Corporate Partner Richard Tyler led the Mishcon de Reya team.