Freshfields Bruckhaus Deringer real estate partner Chris Morris advised London Regional Transport on its £34m disposal of land at Lots Road, Chelsea, to property developer Circadian – a joint venture between Hong Kong-based Hutchison Whampoa Properties and construction company Taylor Woodrow. The deal sees the joint venture acquire one of the power stations that used to power London Underground and surrounding land that will be turned into luxury apartments. Denton Wilde Sapte real estate partner Martin Quicke advised the purchaser, supported by real estate associate Stephen Elliott. Morris was supported by real estate associates Charles Elgood, Sarah Morrison and Alex Butler.
Forsters real estate partner Smita Edwards advised Active Retail Fund on its £11.5m acquisition of the shopping centre Priory Centre in Worksop. Jonathan Marks, a partner at Manchester-based Kuit Steinhart & Levy advised the vendor – a private trust. This is the first acquisition made by the newly-formed fund and it is expected to acquire further shopping centres in the near future, providing a fresh stream of work for Forsters.
