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Dentons

Living Wage
ONE FLEET PLACE, LONDON, EC4M 7WS, ENGLAND
Tel:
Work 020 7242 1212
Fax:
Fax 020 7246 7777
DX:
242 LONDON CHANCERY LANE WC2
Web:
www.dentons.com

Richard Budge

Tel:
Work 020 7320 6262
Email:
Dentons

Work Department

Real estate.

Position

Richard chairs the Development and Regeneration group in the UK and the global construction and development sub group. He specialises in all aspects of real estate projects including acquisition and development through structures including joint venture corporate vehicles, contractual joint ventures, project agreements, development management agreements and funding documents direct and indirect. He has extensive experience over a number of years in relation to large scale development projects and in acting for both investors and key occupiers in relation to such projects.

Career

Trained Oppenheimers, qualified 1985; made partner in present firm 1996. Publications of note: Richard is on the contributions panel for the Property Law Journal.

Education

Hull University (LLB Law 1982).


London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)

Within: Infrastructure (including PFI and PPP)

The 'dedicated' infrastructure team at Dentons is 'a top choice for PFI or PPP work'. While traditionally focused on Africa, the firm's recent merger with Maclay, Murray & Spens significantly enhanced the its offering in Scotland and its presence in the domestic infrastructure market. Practice co-head John Woolley is currently advising Gulf Energy on the delivery of Kenya's first coal power plant as part of a scheme to link Kenya, South Sudan and Ethiopia with a rail, fibre-optic, road and pipeline corridor. He is also handling the project financing of a new international airport in Rwanda on behalf of joint venture Bugesera under a PPP structure. On the domestic front, Mark Bassett acted for the Greater London Authority in the redevelopment of former Ford industrial site Beam Park, and Richard Budge assisted Doncaster iPort with the construction and planning aspects of a new logistics facility for Amazon. Rail expert Matthew Hanslip-Ward is guiding MTR through its bid for the Wales & Border grant agreement for the upgrading of the Core Valley lines. Dominic Spacie co-leads the department with Woolley and is also a key name to note alongside David Moore .

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London: Real estate

Commercial property

Within: Commercial property

Dentons is rated for its ‘strong business acumen’ and ‘high-quality legal advice’, but time and again clients have suggested that it’s the lawyers’ ‘top-notch client service and impressive response times’ that really make the team stand out. The firm is well known for its global hotels expertise. Indeed, the team acted for Aprirose in relation to its £525m acquisition of QHotels from Bain Capital Credit and Canyon Partners, which was among the largest hotel portfolio acquisitions of 2017. Further, Mark Daliere counselled Astir Palace Vouliagmeni on agreements with Four Seasons Hotels and Resorts for the operation of the iconic Astir Palace in Athens. Similarly, Daliere advised 1875 Finance on agreements with Six Senses Resorts for the development and management of an ultra-luxury resort and branded residences in Switzerland. In the retail space, Andrew Henderson has handled a number of strategic portfolio transactions for Sports Direct, and Simon Masri assisted US-based Karlin Real Estate with its acquisition of two retail outlet centres in the UK. Richard Budge is acting for Slough Urban Renewal and North West Quadrant on multiple projects, including the five-phase redevelopment of the former Thames University Campus. The department also has particular expertise in developing student accommodations and PRS projects. Rob Thompson is ‘first-class’ and ‘personifies the team’s stellar client service’. Thompson, Rupert Dowdell and several others joined the firm in 2016, and the London real estate team continued that growth trend into 2017-2018. The firm absorbed Maclay Murray & Spens, which brought Alex Coulter, Wendy Wilks and director Nicholas Mole to the real estate team. Virginia Glastonbury is another key contact.

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Legal Developments by:
Dentons

  • Legal aspects of documenting shipping finance transactions in the United Arab Emirates

    The United Arab Emirates (UAE) is strategically placed between Europe and the Far East. The UAE has been ranked among the top 15 maritime nations by the United Nations Conference on Trade and Development and the UAE Government is working on plans to transform the shipping industry into one of the country’s major economic sectors.
    - SNR Denton

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