Planning delays set to hinder infrastructure growth package

Proposals to boost the UK and European economies by spending on public infrastructure projects may founder due to difficulties in obtaining planning permission in many states, according to the findings of a poll of planning regulations in 18 European countries.
8 December 2008

LG completes two off market deals for new client IVG

LG, the business law firm, has completed two deals for new client IVG Institutional Funds GmbH (IVG), a division of IVG Immobilien AG, one of Europe's leading property companies. The deals, both completed within the past two weeks include: the purchase of an office investment at 1 Georges Square, Bristol let to law firm Clarke Willmott for circa £22 million and the purchase of an office investment at 2 Brindleyplace, Birmingham, let to Lloyds TSB for £30.5 million.
18 November 2008

Senior property industry executive joins LG as Operations Director

John Heawood has joined the Real Estate team of LG, the business law firm, as Operations Director.
11 November 2008

LG advises on property and development company financing

Business law firm LG, has advised well-known property development and investment company Helical Bar Plc (Helical) on a financing of their Morgan Estate in Cardiff with Aareal Bank after a substantial redevelopment of the former premier department store.
28 October 2008

European business response on Energy Directive "tepid"

Improving energy efficiency remains a low priority for businesses in most European countries, helping to making the Commission's Energy Performance Directive one of the least successful pieces of European legislation ever introduced, according to LG, a leading business law firm, following a poll of law firms in 18 countries.
30 September 2008

LG grows Corporate Real Estate practice with partner hire

LG, the London-based business law firm, is pleased to announced that Malcolm Headley has joined its Real Estate team as a partner.
28 July 2008

LG welcomes five new partners to its Corporate, Real Estate and Wealth Planning practices

LG, the business law firm, is pleased to announce that it has promoted Oliver Riley (corporate), Robert Adam (real estate), Catharine Bell (wealth planning), Philip Baker (construction) and Nick Rucker (wealth planning) to the partnership.

1 May 2008

LG advises USS on £80 million acquisition of Kingston shopping centre

LG, the business law firm, advised Universities Superannuation Scheme Limited ("USS") on their acquisition of a new shopping centre from LaSalle Investment Management Limited

08 February 2008

LG advises LaSalle UK Ventures Fund on acquisition of Milton Keynes business park

LG, the London-based law firm, has advised LaSalle Investment Management on its acquisition of Caldecotte Lake Business Park, Milton Keynes for £32.5 million on behalf of its LaSalle UK Ventures Fund.

16 January 2008

Pacific Alliance fund raises $400m

The investment funds team at LG, the London-based law firm, has advised Pacific Alliance China Land Limited, a newly incorporated Cayman company established to invest in existing properties and new property developments in China.

22 November 2007

LG cements Gulf and Asia presence with new Dubai office

LG, the London-based business law firm, is pleased to announce the opening of its Dubai office. The new office will serve as a base from which LG will continue servicing its clients across the Gulf region and beyond, including those in India and South-East Asia.

12 November 2007

LG advises Numisma on one of the largest retail property transactions in the EU this year

LG, the business law firm, has advised the Numisma Fund on the purchase of the ‘Project David’ retail portfolio, taking the value of Numisma's own portfolio to over €1 billion.

23 August 2007

LG advises on £442 million sale of UK shopping centre

LG, the London-based law firm, has advised Universities Superannuation Scheme Ltd on the £442 million sale of its one million sq ft Telford shopping centre to US-based fund manager Apollo Real Estate Advisors and Hark Group.

21 June 2007

LG advises on £1.1bn acquisition of 47 Marriott Hotels

LG has advised a private equity syndicate led by property entrepreneur Igal Ahouvi of the Blenheim Property Group Limited on its £1.1bn acquisition of 47 Marriott Hotels from The Royal Bank of Scotland. The private equity syndicate includes Quinlan, Delek, Electra, FIBI and various other Israeli investors.

27 April 2007

LG advises LaSalle UK Ventures Fund on string of property deals

LG has advised new client LaSalle UK Ventures Fund – the £1bn private equity fund set up recently by LaSalle Investment Management – on three real estate purchases.

13 April 2007

UK listed buildings face energy efficiency threat

European legislation requiring Energy Performance Certificates for offices and commercial buildings was introduced to the UK yesterday (29 March) without any exemptions for older properties, or those of historical value which are listed.

30 March 2007

International real estate developer nets £21.8m investment from Lehman Brothers

LG has advised new client Nanette Real Estate Group N.V. – the AIM-listed international residential property developer - on the placing of shares with Lehman Brothers Real Estate Partners Group raising £21.8 million. The proceeds from the share subscription will be used for Nanette's business expansion.

19 March 2007

LG advises Rooftoop Mortgages on £500 million securitisation transaction

LG, the London-based business law firm, has advised Rooftop Mortgages - a lender in the UK non-conforming mortgage market - on the £500 million Mansard 2006-1 PLC residential mortgage backed securitisation.

17 November 2006

LG advises USS on £267M sale of Gyle Shopping Centre

LG, the London-based business law firm, has advised Universities Superannuation Scheme Ltd on the sale of Gyle Shopping Centre, Edinburgh for £267 million to Belfast based property company William Ewart Properties Ltd.

23 October 2006

LG advises new client Numisma Fund on €250 million refinancing facility

LG has advised new client Numisma Fund, advised by McCafferty Asset Management, on a €250 million refinancing facility of Anglo Irish by Hypo Real Estate Bank International AG. The financing includes a €80 million loan secured on German real estate and a CHF36 million loan on Swiss real estate from Hyporeal Germany.

16 October 2006

LG advises Japanese real estate fund on £100M AIM float

LG, the London-based law firm advised Japan Residential Investment Company Limited – a newly incorporated Guernsey company established to invest in Japanese residential property assets - on its £100m admission to AIM. Trading in JRIC's shares commences today, 13 October 2006.

16 October 2006

Big catch for real estate investment company

LG, the London-based business law firm advised Dolphin Capital Investors Limited on a placing that raised £202 million, thereby creating the second largest AIM quoted real estate investment company.

6 October 2006

£102m AIM listing for European real estate developer

LG advises KBC Peel Hunt on Placing and Admission of Nanette Real Estate Group N.V.

27 June 2006

Demand for Vietnamese real estate fuels $204.8M AIM float for VinaLand Limited

LG, the London-based business law firm, has advised new client VinaLand Limited on its admission to AIM. Trading in VinaLand's shares commenced yesterday, 22 March 2006, giving the company an initial market capitalization at the issue price of approximately $204.8 million.

23 March 2006

Proposed new tax threatens green and community

Government plans to introduce a new property development tax - to be called Planning Gain Supplement - are both unworkable and likely to have serious unforeseen consequences, according to LG, a leading corporate and property law firm.

27 February 2006

LG advises on £382 million Hilton hotel purchase

LG has advised investors Blenheim Property Group Limited – headed by entrepreneur Igal Ahouvi – on the finance side of the £382million sale and management-back of 15 hotels from the Hilton Group to The Managed Hotels Unit Trust, a Jersey-based unit trust set up by Blenheim Property. Royal Bank of Scotland provided financing for the deal.

5 December 2005

LG advises on launch of access fund

LG has advised Access Fund on its launch together with its two feeder funds - Access Feeder Unit Trust, established in Jersey, and Access Exempt Unit Trust, an English exempt unauthorised unit trust. The Access Fund is jointly sponsored by Knight Frank Corporate Finance and Antler Group.

6 May 2005

LG chosen to advise Centros Miller on £100m retail-led mixed-use scheme in Lancaster

LG continues to build on city redevelopment instructions LG has been instructed by Centros Miller in relation to the proposed redevelopment of the Canal Corridor North – a £100m mixed-use scheme comprising 10 acres in Lancaster city centre."

13 April 2005

LG advises Redevco on £325m securitisation

LG has advised Redevco UK on the £325 million securitisation of the majority of its UK real estate portfolio. As a result of this transaction, Redevco Original Commercial Securitisation PLC, a ring fenced special purpose company, has issued £325 million of bonds.

7 April 2005

Wembley sells greyhound racing business to Risk Capital Partners for £50m

Law firms LG and Memery Crystal have advised Wembley plc, the London-listed leisure group, on its agreed sale of GRA Limited to Risk Capital Partners for £50m.

17 March 2005

Development Securities acquires site for regeneration

LG LLP has advised Development Securities PLC in relation to its acquisition of the freehold of a 3.20 acre site in Huyton in Merseyside for £5m.

16 February 2005

Debenhams Retail plc acquires new stores from Allders' administrators

LG advised Debenhams Retail plc on its acquisition of eight Allders stores from Kroll, Allders’ administrators.

14 February 2005

LG and Herbert Smith advise Multiplex and Hammerson on Joint Venture Arrangements

LG and Herbert Smith have acted for their respective clients, Multiplex Limited and Hammerson UK Properties plc, on the joint venture arrangements surrounding the £18.6 million sale by Pillar to Multiplex of their 50% interest in Cricklewood Regeneration Limited.

17 January 2005