Tony Burns > Penningtons Manches Cooper LLP > Guildford, England > Lawyer Profile

Penningtons Manches Cooper LLP
31 CHERTSEY STREET
GUILDFORD, SURREY
GU1 4HD
England

Work Department

Real estate.

Position

Partner in the real estate division. Tony acts for a number of property companies, developers, and owner occupiers and deals with all aspects of commercial property work to include investment portfolio acquisitions and disposals, commercial leases, acting for both landlord and tenant, and all related documentation. He has particular experience in development work and specialises in advising on deal structures to enable acquisition, and subsequent development and disposal of sites. He is also experienced in dealing with overage agreements which are increasingly common in this market, and in other complex and unusual transactions. Work highlights include: disposal of a large industrial park in the Southampton area to ABP at a price of £89m, with the benefit of Crown leases; Acting for administrators on a lease of restaurant premises at a significant rent in the Covent Garden area, together with related development agreement, overage agreement, pre-emption agreement and other related documentation, and advising on the subsequent sale of the investment; disposal of portfolio of 18 properties to Goldman Sachs at a price of £75m; acting for the landlord in putting in place lease of power station site for Marchwood Power Station, Southampton, a £100m project, together with all related easements, leases of inlet and outlet structures and other related documentation; and acting for tenant on tidal energy lease from the Crown of part of the sea bed designed to derive energy from tidal movement after all testing and infrastructure put in place.

Career

Trained Walker Martineau; qualified 1989; McKenna & Co 1990; Hart Brown 1991-92; UK Sales Manager, part of Courtaulds Textiles, Desseilles Textiles 1992-94; Rees & Freres, Westminster 1995-98; Payne Hicks Beach, London WC2 1998-2005; associate Maclay Murray & Spens London EC2 2005-15; associate director Penningtons Manches LLP 2015 to date.

Languages

French.

Education

St Georges College Weybridge; University of Kent, Canterbury (1986 Law with French 2(1)); Guildford College of Law (1987).

Lawyer Rankings

South East > Real estate > Commercial property: Kent, Surrey, Sussex

Penningtons Manches Cooper LLP’s Guildford real estate team, ‘a dynamic, hard-working, personable and knowledgeable group of individuals‘, serves a diverse client base beyond its regional office location. Team head Mike Busby specialises in development work and high value asset acquisitions, disposals and portfolio refinancing. Tony Burns  specialises in the acquisition, development, and management of industrial and logistics sites, together with related planning agreements, utility documentation, and subsequent sales and lettings. Tim Davies has extensive experience dealing with option agreements, conditional contracts and promotion agreements.