If you are thinking of buying/selling, developing, asset managing, coinvesting in or financing a commercial property, Dan's your man. He acts for domestic and international investors on all types of real estate assets, from central London office schemes to major shopping centres, and for developers and funders. He has also acted for a host of lenders either taking security or faced with the vexing question of what to do when a loan becomes non-performing – review, restructure and/or enforce. As a sideline he's also trying to build a new football stadium in London. He is ranked in both Legal 500 and Chambers.
Dan has run some of the biggest real estate deals in the UK and in Europe over the last decade. He led the European team on GE's disposal of its real estate business to Blackstone for $24bn; funded a €150m scheme in Madrid; closed the UK's largest ever regional spec development funding (3 Snowhill), bought Bankside for £300m+, bought a chunk of Spinningfields for £300m+, sold a number of shopping centres such as The Grafton Centre; forward funded two retail parks for The Crown Estate; acquired a £100m+ industrial portfolio for a major investment bank; bought lots of garden centres for Wyevale (a Terra Firma subsidiary) and run their sale/leaseback programme; bought a £400m+ student housing portfolio for an offshore investor; and negotiated Shariah compliant purchases for a major international Islamic investment bank.
The team is committed to asset management (how else can you understand an asset?) and Dan is still responsible for all lettings etc at Manchester Arndale (for M&G and Intu) amongst others.
He had a busy GFC, leading the real estate team's NPL/restructuring/insolvency on the administrations of retail chains Threshers, Peacocks and Bon Marché; the nightclub chain Luminar; and hotel group Guestinvest. On the flip side Dan and the team regularly act for originating lenders taking security over real estate assets - all the usuals plus department stores, hotels, pubs, care homes and airports
Advising The Crown Estate on its 50/50 JV limited partnership at St James' Market with Oxford and the development of two landmark buildings.
Advising two client funds of M&G Real Estate on the acquisition of two buildings at Spinningfields, Manchester for over £300m, the largest ever regional office acquisition.
Acting for a major investment bank on the proprietory acquisition of a 110 property mixed use investment portfolio.
Purchase and leaseback of a Madrid city centre office block for a leading European real estate investment fund.
Acting for M&G's retail fund the purchase of Riverside House in London, HQ of OFCOM, for £120m from IVG.
Advising The Crown Estate on the forward funding of two retail parks at Banbury and Rushden.
Acting for the Church Commissioners on the disposal and development arrangements for a gateway site in Peterborough.
Acting for Wyevale Garden Centres on five bolt on corporate acquisitions.
Advising Bestway on its purchase of over 600 Co-op pharmacies.
Sale of a major regional shopping centre for a UK pension fund.
Coordinating the European disposal of GE Capital's real estate business to Blackstone across multiple jurisdictions, for direct transfers, corporate deals and debt transfers.
Acting for The Crown Estate on two major joint ventures.