Lovells has won a role advising on the latest real estate rights issue, with the top 10 City law firm instructed by property investment and development company SEGRO. The £500m issue, which is subject to shareholder approval but is priced at a significant discount, comes after the company announced losses of nearly £1bn during the year ending 31 December. Lovells fielded a team for SEGRO from its UK, Europe and US offices with corporate partner Nigel Read leading a team that also included London corporate partner Nicola Evans, US securities partner Katherine Mulhern, real estate partner Katherine Watts and tax partner Kevin Ashmar.
March 11, 2009 at 10:38 PM
1 minute read
The original version of this story was published on Legalweek
Lovells has won a role advising on the latest real estate rights issue, with the top 10 City law firm instructed by property investment and development company SEGRO.
The £500m issue, which is subject to shareholder approval but is priced at a significant discount, comes after the company announced losses of nearly £1bn during the year ending 31 December.
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