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MARLBOROUGH HOUSE, 30 VICTORIA STREET, BELFAST, BT1 3GG, NORTHERN IRELAND
Tel:
Work 028 9055 3300
Fax:
Fax 028 9055 0096
DX:
433 NR BELFAST 1
Web:
www.tughans.com

James Pringle

Tel:
Work 028 9082 0524
Email:
Tughans

Work Department

Real estate.

Position

Partner in the firm’s real estate department and has over 20 years’ experience in commercial property transactions including expertise in all areas of commercial property including advising major public and private clients on the acquisition, development and disposal of both development and investment properties. Also advises both landlord and tenants in commercial leasing transactions including office, retail, leisure and industrial premises and has experience in rent review arbitration of both ground rents and rack rents. James acted in the disposal of a Belfast city centre investment property comprising an hotel and retail units. The hotel was leased to Premier Inn and prior to completion of the sale the 35 year lease to Premier Inn was re-geared – completion in October 2013. He is acting on behalf of a tenant of a ground lease of a 10 acre open class retail shopping park in Belfast in connection with a rent review arbitration of the ground lease where the current passing rent is in excess of £580,000.00 per annum. James was the lead property partner in relation to a due diligence exercise carried out on behalf of a bidder in the disposal by Bord Gais Eireann (an Irish State-owned company) of its subsidiary, Firmus Energy, which supplies gas and electricity in both Northern Ireland and the Republic of Ireland. The due diligence included title reviews of Firmus Energy’s wind farms and proposed wind farms and other properties in Northern Ireland. Firmus Energy was ultimately agreed for sale at €1.25bn. James is part of the team acting in the proposed disposal by Corbo Limited of a Belfast city centre retail and leisure park. James is the lead property partner acting on behalf of a client (confidential) in connection with the lease of a 385,000 square foot warehouse together with an operating agreement, the aggregate income of which will be in the region of £1m per annum. James is also acting on behalf of a client (confidential) in connection with the proposed lease of a 50,000 square foot unit in a retail park to a ‘homewares’ tenant.

Career

Trained in Belfast city firm, Johns Elliot, solicitors and qualified in that firm in 1990 and was subsequently made a partner circa 1997. In 2008, James joined the real estate department of Tughans as a partner.

Member

Member of the Law Society of Northern Ireland from 1990 to date.

Education

Campbell College, Belfast – 1978-1984; University of Wales, Institute of Science & Technology (Cardiff) from 1984-1987, LLB; Institute of Professional Legal Studies from 1988-1990.

Leisure

Rugby, sport – life membership of local rugby club.


Northern Ireland: Real estate

Commercial property

Within: Commercial property

Tughans’ ‘accurate, detailed and business-focused’ team has a solid track record advising on high-profile and high-value property sales within the hotel, retail, energy and insolvency sectors, with student accommodation a growing area of activity. Highlights included acting for Randox Laboratories in the acquisition of a farm business on a 300-acre site via a share purchase, which involved a simultaneous hive up of property, a group restructure and letting and funding arrangements. David Jones leads the team, which includes Joe Moore, James Pringle and Rebecca Moffett. Consultant Phyllis Agnew is highly regarded for her expertise in development-related property mandates.

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