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20 CURSITOR STREET, LONDON, EC4A 1LT, ENGLAND
Tel:
Work 020 7831 9222
Fax:
Fax 020 7831 9607
DX:
138 LONDON CHANCERY LANE WC2
Web:
www.macfarlanes.com

Clare Breeze

Tel:
Work 020 7831 9222
Email:
Macfarlanes LLP

Work Department

Real estate.

Position

Partner in the commercial real estate practice, advises investors, developers and financial institutions on a wide variety of both domestic (UK) and cross-border real estate transactions with an emphasis on joint ventures, investment, development, leasing and real estate finance.

Career

Partner Shearman & Sterling LLP 2009; partner 2013 Macfarlanes.


London: Real estate

Commercial property

Within: Commercial property

Macfarlanes LLP¬†‚Äėdemonstrates a reliable accessibility, and a willingness to turn around documents quickly‚Äô in ‚Äėcomplex corporate real estate‚Äô matters. The team has been involved in many of the market‚Äôs busiest asset classes including PRS, where Anthony Burnett-Scott¬†is acting for Legal & General in relation to PRS developments in Bath and Birmingham, and student accommodation, where Dan Marriott¬†advised Canadian investor Realstar Group on its acquisition of a block of student housing in Hammersmith. Burnett-Scott also acted for Legal & General in relation to the forward funding of development office sites in Cardiff, Liverpool, Bristol and Birmingham totalling 850,000ft. Tom Peddar, who is a key figure in the letting practice, advised The Economist Newspaper on the lease agreement for its new HQ in The Adelphi building near Charing Cross. Major landlord clients include Intu Properties, Derwent London and Stanhope. The team also has expertise in single-asset and portfolio transactions in the hotel sector. Indeed, Dominic Cunliffe¬†and Simon Perry¬†assisted Fonci√®re des R√©gions with its ¬£858m acquisition of 14 hotels from Starwood Capital, and also acted for Abu Dhabi-based Lulu Group International in relation to its acquisition of the Waldorf Astoria Hotel in Edinburgh. Other investment highlights include Nick Barnes¬†advising Supermarket Income REIT on three supermarket acquisitions totalling ¬£151m. Also recommended are Ian Nisse,¬†Clare Breeze, Steven Pitchford¬†and Gerald Kelly, who has been involved in significant joint venture development and investment mandates.

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Property finance

Within: Property finance

The team at Macfarlanes LLP is 'excellent on all counts', and is known for its strength on the lender and borrower sides, advising on a wide range of asset classes, including student accommodation, PRS schemes, hotels and supermarkets. Alternative lenders make up a key part of the client base: department heads Colin Morgan and Clare Breeze  recently advised Venn Partners on a £46.7m facility to refinance a portfolio of PRS units, and Jat Bains acted for Legal & General's BTR fund on the financing of the development of Roseberry Place in Bath, as well as for Legal & General Homes on the financing for the infrastructure development at its Crowthorne site. The team also won work from significant new clients, including housing developer Bewley Homes, which it advised on a £55m land acquisition and development facility, and Supermarket Income REIT; Morgan and newly promoted senior counsel Laura Bretherton acted for the latter on a £100m revolving credit facility with HSBC, partially to fund its first three property acquisitions.

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Legal Developments by:
Macfarlanes LLP

  • Finding the ‚Ä®right words

    In the recent case of Newbury v Sun Microsystems [2013], the defendant argued that an offer to settle proceedings was ‚Äėin principle' only and that a binding contract could not be formed until further terms had been agreed and a formal contract had been signed. It supported this argument by referring to a statement, in the offer letter, that the settlement was to be ‚Äėrecorded in a suitably worded agreement'. ‚Ä©
    - Macfarlanes

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