Case studies

• £30 million supermarket acquisition for Aviva Investors
  Our London based property investors team acted for Aviva Investors Pensions Limited (AIPL) in relation to its acquisition of a recently completed development in Welling, Kent.
• Advising on refinancing of leading Canary Wharf office development
  We advised property investment company Fourteen Ninety Two Limited on the £107 million refinancing of its property at 17 Columbus Courtyard, Canary Wharf, London.
• Development funding for Aviva Investors
  Penningtons acted for Aviva Investors Pensions Limited on the funding of the development of a Sainsbury's supermarket and petrol filling station in Bishop Auckland, County Durham.
• Acting for an offshore trust
  We acted for an offshore trust which invests in UK real estate. In the past 12 months we have purchased one office block in the City and sold another office block in the West End. The combined transactional values equate to approximately £60 million.
• Health centre development
  Bosmere Health, a company set up by a partnership of general practitioners in Havant, consulted our real estate group in connection with its acquisition and development as a health centre of a site formerly owned by Portsmouth Water Company.
• Sale of commercial water systems specialist ensures its future development
  We advised Jon Grant, director and sole shareholder of Thirstpoint Limited, in connection with the sale of Thirstpoint to Personnel Hygiene Services Limited (PHS), one of the UK's leading workplace service providers.
• Eco friendly car design investment
  The environmentally friendly City Car will be designed to be different - offering a low sales price, drastically reduced running costs and cult styling.
• Advising European pension providers on indirect investment funds
  Indirect investment funds are an increasingly popular way of holding a portfolio of properties in a tax efficient manner. During 2006 we advised on investment totalling over €250 million throughout Europe and Asia.
• Reading Pop Festival sale
  We were delighted to be involved in a transaction which secured a permanent home for one of the UK's major pop festivals.
• Supporting CGU International Insurance
  Our property and dispute resolution departments worked together to support CGU International Insurance in relation to a property in Croydon occupied by Alders Department Stores, which had gone into administration.

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