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Shepherd and Wedderburn

CONDOR HOUSE, 10 ST PAUL'S CHURCHYARD, LONDON, EC4M 8AL, ENGLAND
Tel:
Work 020 7429 4900
Fax:
Fax 020 7329 5939
DX:
98945 CHEAPSIDE-2
Email:
Web:
www.shepwedd.com

Stephen Hubner

Tel:
Work 020 7429 4918
Email:
Web:
www.shepwedd.com/
Shepherd and Wedderburn

Work Department

Property

Position

Stephen is senior partner of the firm’s London office and an expert in commercial real estate. A large part of his work is focused on renewable energy projects. He has played a major part in deals involving Scottish Power Renewables, DONG Energy, Mainstream Renewable Power, SMart Wind Limited, and Navitus Bay Development Limited in respect of onshore and offshore projects. Stephen has been recognised as a leading practitioner in commercial property matters, corporate taxation (with particular reference to offshore property investment structures), and PFI/PPP projects. He advises UK and international clients from both public and private sectors and provides strategic and corporate governance advice to those working with and for higher education institutions in developing international programmes in many countries.  Stephen has advised on development projects and innovative letting schemes both in the UK and overseas, including Australia, France, India, Italy, Malaysia, New Zealand, Switzerland, and the USA. In Chambers and Partners 2015 clients say: ‘He is able to drive our project forward in a very subtle manner, which helps us. He’s very approachable as well and always focused on trying to make things better for us.’

Career

Trained Bird & Bird; assistant 1988; partner 1991; partner Steele & Co 1998; partner Stephen Kingsley 2001; Shepherd and Wedderburn 2001 to date. Publications of note: authored chapter on Land Agreements in ‘Globe Law and Business – Wind: Projects and Transactions’ (January 2014 ISBN 9781905783878).

Languages

French, Italian, German.

Education

King’s College Wimbledon; Christ’s College, Cambridge (1984 BA Law; 1988 MA).

Leisure

Running, reading, food and wine, family.


London: Real estate

Commercial property

Within: Commercial property

Working across its London, Glasgow and Edinburgh offices, the team at Shepherd and Wedderburn is regularly instructed in residential and commercial development projects across the UK and has experience in the hotel sector. Investment highlights have included Jonathan Rickard advising Accrue Capital on the £48.2m acquisition of a portfolio of 18 properties, and Sally Morris-Smith assisting Safestay with the sale and leaseback of three operating hostels in York and London. In the development space, Morris-Smith is acting for a property group in relation to two significant residential developments, and Stephen Hubner has been involved in a number of land transactions for house builder clients. The team has also handled letting transactions for clients including EPIC Games UK and Instant Managed Offices, and provides ongoing branch management advice to Clydesdale Bank in connection with its Yorkshire premises.

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Property finance

Within: Property finance

The 'excellent' team at Shepherd and Wedderburn has continued to strengthen its borrower client base, handling transactions for Accrue Capital and Scarborough Group; practice head Jonathan Rickard, who 'can be relied upon to provide insightful and effective advice', acted for the former in relation to its £42m acquisition of eight Isle of Man-incorporated SPVs, and Patrick Bell advised the latter on a senior development facility from a syndicate of lenders in relation to the development of the Middlewood Locks site in Manchester. The firm also boasts an established lender-side practice; the team recently acted for key client ICG-Longbow Debt Investments on the £50m refinancing of the Cornbow Shopping Centre near Birmingham. Banking clients include Santander and Deutsche Hypothekenbank, which Philip Knowles advised on the £43.5m financing of the acquisition of the Capella Building in Glasgow. Stephen Hubner, Sally Morris-Smith, newly promoted partner Lauren McLeod and 'highly effective' senior associate Lucy Hall are also noted.

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Scotland: Projects, energy and natural resources

Energy (excluding oil and gas)

Within: Energy (excluding oil and gas)

Shepherd and Wedderburn¬†Edinburgh, which is active in high-profile¬†renewable and alternative energy projects across Scotland and the UK, has practitioners with specialist knowledge of areas such as real estate, planning and environment, M&A/private equity and project finance.¬†Patricia Hawthorn¬†recently led a team which successfully represented Neart na Gaoithe Offshore Wind (NNG) in judicial review proceedings brought by the RSPB, following the decision by the Scottish Ministers to grant consent to four offshore wind farms in the Forth and Tay including the 450MW NNG project. The group is currently assisting the same client with other issues connected with the project, including a new consent application, the acquisition of land rights and banking-related matters. Scott McCallum, Stephen Hubner, Liz McRobb¬†and others are advising¬†√ėrsted on the planning, environmental, property and commercial aspects of the 1.8MW Hornsea Two Offshore Wind Farm. In 2017, clean energy head¬†Clare Foster¬†(who is also the head of project finance) led a cross-practice team, which acted for AOE Windfarm in the¬†¬£16.6m¬†refinancing of a newly-acquired operational 11.5MW onshore wind farm. Gordon Downie¬†is an expert in¬†UK/EU competition law and regulatory issues. Colin Robertson, Colin Innes, Daniel Lee¬†and senior associate¬†Nicky Pascoe¬†are also recommended.

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