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Baker McKenzie

100 NEW BRIDGE STREET, LONDON, EC4V 6JA, ENGLAND
Tel:
Work 020 7919 1000
Fax:
Fax 020 7919 1999
DX:
233 LONDON CHANCERY LANE WC2
Email:
Web:
www.bakermckenzie.com

Justin Salkeld

Tel:
Work 020 7919 1434
Email:
Baker McKenzie LLP

Work Department

Real estate.

Position

Justin Salkeld has significant experience in various aspects of real estate law. He is a member of the Law Society of England and Wales and is admitted to practice as a solicitor in England and Wales. Prior to joining the Firm's London office, he coordinated the global real estate practice in a competing law firm. Justin Salkeld is highly experienced in matters concerning operational and investment real estate assets, including planning, acquisition and disposal, development, structuring, leasing and financing, and joint ventures. He regularly advises banks and borrowers on financing investment and development real estate. Justin also acts for a number of investors and operators in connection with the acquisition, development, operation and disposal of hotel assets.

Career

Qualified 1989; partner at a competitor international firm; partner Baker McKenzie 2008 to date.

Languages

English; French; German; Spanish

Member

Law Society

Education

Bristol University (LL.B. Honors) (1986); College of Law at Guildford (L.S.F.) (1987)


London: Real estate

Commercial property

Within: Leading individuals

Justin Salkeld - Baker McKenzie

Within: Commercial property

Baker McKenzie’s ‘highly regarded’ London real estate team is regularly instructed to handle corporate real estate mandates for overseas, in-bound investors and also has a strong real estate finance practice. Of particular note, the ‘experienced and hands-onStephen Turner assisted Hong Kong-listed Spring REIT with its £73.5m acquisition of 84 let properties in the UK, which marked the client’s first real estate acquisition outside the Asia Pacific region. Turner also advised Singapore-based Mapletree Investments on its £60m acquisition of a 796-bedroom student housing block in Essex. Leveraging its global network, the ‘commercial and capable’ London team is often involved in real estate transactions involving property in various European jurisdictions. Justin Salkeld is counselling Michael Kors on its EMEA store expansion and maintenance, which has included new store openings and portfolio rationalisations. Indeed, the team has particular experience in the hotel and retail sectors. Salkeld is also acting for Edwardian Group on the development aspects of its £300m luxury hotel development in Leicester Square. The department is also involved in the infrastructure, energy and utilities sectors and has recently assisted CLdN Cobelfret with multiple matters, including the £35m sale of a freehold property in London and, separately, advice regarding the redevelopment or sale of a decommissioned port.

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Property finance

Within: Property finance

The practice at Baker McKenzie is led by Sebastien Marcelin-Rice, who is  experienced in acquisition finance, particularly the acquisition of loan portfolios. The team also handles development finance; since 2013, it has been advising CIMB Bank Berhad on the £2bn redevelopment of Battersea Power Station, which has involved Islamic and conventional financing. Stephen Turner acted for Singaporean fund Mapletree Investments on the £60m acquisition of student accommodation in Colchester, and Justin Salkeld assisted Thai joint venture FS JV with the refinancing of a portfolio of UK hotels. The team has also handled multi-jurisdictional matters, advising Hines Pan-European Core Fund on the financing of properties in England, France and Germany. Nick Tostivin and Sudhir Nair are also noted. Other key clients are ING, BNP Paribas, Standard Chartered Bank and Tyndaris.

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Legal Developments by:
Baker McKenzie LLP

  • The New Turkish Code of Obligations: Important Changes for Leases of Residential & Business Premises

    For decades, the primary Turkish laws governing leases of residential and business premises have been the Law on Leasing Real Property dated May 27, 1955 (the “Lease Law”) and the Turkish Code of Obligations No. 818 dated April 22, 1926 (the “Obligations Code”). Both of these laws, however, will be repealed and replaced with the new Turkish Code of Obligations No. 6098 dated January 11, 2011 (the “New Obligations Code”), which will enter into force on July 7, 2012.
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