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Shoosmiths LLP

APEX PLAZA, FORBURY ROAD, READING, RG1 1SH, ENGLAND

Tel:: Work 03700 868800
Fax:: Fax 03700 868801
DX:: 117879 (APEX PLAZA)

Email:

Web:: www.shoosmiths.co.uk

Belfast, Birmingham, Edinburgh, Leeds, London, Manchester and 5 more

Daniel Kennedy

Tel:: Work 03700 86 8804
Email:

Profile
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Work Department

Corporate

Position

Daniel is a partner in the firm's tax department and heads up the firm's real estate tax practice.

Daniel has acted for a broad range of real estate clients, including institutional investors, private equity funds, sovereign wealth funds, REITs, developers, occupiers, high net worth individuals, sharia compliant investors, charities and housing associations. He has therefore received exposure to all areas of the UK commercial and residential real estate markets. He has particular expertise in advising on the acquisition and development of student accommodation and care homes, having acted on some of the largest transactions in these sectors in the last few years.

Daniel also has considerable experience in providing transactional corporate tax advice, including in relation to M&A, reorganisations, demergers, MBOs and other corporate transactions. In addition, Daniel has regularly advised on personal and employment tax matters (e.g. management taxation, termination payments) and charity tax issues (e.g. VAT recovery and application of tax reliefs).

Career

Daniel trained at Nabarro and progressed to the role of Senior Associate. He subsequently moved to Trowers & Hamlins as a Senior Associate before joining the Real Estate Deals team at PwC LLP as a Senior Manager. He joined Shoosmiths LLP in 2016.

South East: Corporate and commercial

Corporate tax

Within: Corporate tax

Shoosmiths LLP fields a tax team from its Reading office that is praised for its 'excellent response times and commercial knowledge', with practice head Tom Wilde singled out for his 'pragmatic and commercial approach, without compromising on the legals and technicalities'. The team advises investors and investee companies on enterprise investment schemes and venture capital trust (VCT) compliant investments. On the transactional front, Wilde advised Octopus Investments on its venture capital investment into US cybersecurity firm, Digital Shadows, which involved structuring the investment to ensure it was VCT compliant, as well as obtaining advance assurance from HMRC. The firm also has a dedicated real estate tax practice headed by Daniel Kennedy (who 'delivers complex advice in a pragmatic and understandable way' and whose 'knowledge of the commercial angles enables him to tailor advice accordingly'). Kennedy acted alongside associate Sara Mardell for Allied London on its sale to Schroders of units in the vehicle which owns the No.1 Spinningfields development in Manchester; this involved advising on the tax implication of the pre-transaction reorganisation to enable the property to be sold out of the wider development, and the subsequent tax aspects of the unit sale transaction.

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South East: Real estate

Commercial property: Thames Valley, Berks, Oxon, M4/M40

Within: Commercial property: Thames Valley, Berks, Oxon, M4/M40

Shoosmiths LLP specialises in handling high-value, complex real estate transactions, with a focus in recent times on telecoms, development and corporate occupancy instructions. Clients of note include McKay Securities, Calor Gas and Allegro MicroSystems. Alan Corcoran, the head of the firm’s southern real estate offering, led a team advising Mattel group companies as tenant and guarantor in respect of the relocation of its main UK distribution hub to a new facility in Leicester. Head of the Reading real estate team Nathan Rees acts for major property investors on large-scale acquisitions and disposals, as well as asset management for property owners and occupiers. Rees recently advised Mabey Hire on the relocation of one of its key southern distribution depots to a larger site, with support from associate Nick Dalgleish and tax partner Daniel Kennedy. Senior associate Marcus Devanny has extensive experience of acting for institutional investors, property funds and corporate entities in the acquisition and disposal of freehold and leasehold properties and large portfolios.

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