Real Estate and Construction

We have considerable experience advising leading clients in the real estate, housebuilding and construction sector. Our multi-specialist approach means that we can provide integrated advice on the full range of commercial and legal issues faced by our clients. We act for leading property companies, REITs, housebuilders, construction companies and service providers.

Our experience and expertise includes mergers and acquisitions, corporate and commercial, private equity, capital markets, financing, real estate, competition and regulatory, environmental and sustainability issues, intellectual property, pensions and employment and tax.  Much of our work has an international dimension and we work closely with leading local counsel around the world.

  • Advice on matters of strategic significance such as mergers and acquisitions, conversion to REIT status and restructuring
  • Developing innovative and tax efficient structures including joint ventures and all types of commercial agreements
  • Fully integrated team across all practice areas with an understanding of the client’s commercial objectives
  • Flexible approach to cross border transactions, working with market-leading independent law firms to provide seamless and comprehensive advice

Key experience

Derwent London

On its new £450 million revolving credit facility including a “green” tranche of £300 million. Derwent London is the first UK REIT to sign a facility that meets the LMA Green Loan Principles. The green tranche is available to fund activities that satisfy Derwent’s newly established “Green Finance Framework”.

Legal & General

On the acquisition of full ownership of CALA Homes.  CALA Homes is a leading UK provider of high quality family housing.  The 52.1% interest was acquired from Patron Capital and the CALA management team.  The acquisition gave CALA Homes an implied equity valuation of £605 million.


On various financing and corporate matters including placings of SEGRO plc’s existing ordinary share capital, its £573 million rights issue and advising SEGRO European Logistics Partnership on its guaranteed notes issues.


On the development and implementation of its deleveraging plan, which culminated in the pre-packaged administration sale of the business and assets of the group.  Interserve is one of the world’s foremost support services and construction groups.  The plan enabled the group to provide continuity of service for its customers and suppliers and to protect the position of employees and members of the group’s pension schemes.


On the sale of CRH plc’s European distribution business to private equity funds managed by Blackstone.  The business supplies building materials across six countries in Western Europe.  The deal values the business at €1.64 billion.

Key contacts