European property lender, Hypo Real Estate International (HREI), has reviewed its panel of UK advisers in a move that formalises the status of its favoured firms.

Legal Week understands that Clifford Chance, Allen & Overy (A&O), Herbert Smith, Nicholson Graham & Jones and Berwin Leighton Paisner have been installed as the client’s primary advisers following individual discussions with senior HREI lawyers in recent months.