Hogan Lovells and HOOPP Team up Again
12 May 2014
12 May 2014 - Hogan Lovells have completed their fifth major real estate investment transaction for Healthcare Of Ontario Pension Plan (HOOPP) in four years; advising HOOPP on a joint venture with Helical Bar to develop One Mitre Square, London EC3 (to be renamed Creechurch Place). The joint venture is taking a 155 year lease of the site from the City Corporation.
During the past four years, HOOPP has worked extensively with Hogan Lovells on a number of significant property transactions in the UK and Europe, including a co-venture with The Crown Estate in London; a co-invest with Meyer Bergman on shopping centres in the Czech Republic and in the UK; and a corporate co-venture for the development of new logistics facilities in the UK and several European countries.
Michael Catford, HOOPP's recently retired Vice President, Real Estate, said:
"HOOPP worked extensively with Hogan Lovells as our legal advisor in the structuring and documentation of the joint venture with Helical Bar for the development of Creechurch Place. The firm committed a senior team to the assignment under the direction of Nicholas Cheffings and Dion Panambalana. Their advice and input was both timely and focused on the need to establish a sensible and co-operative business arrangement with our new partner, while at the same time protecting our specific needs and interests".
Nicholas Cheffings, Hogan Lovells' Chair, said:
"We have built a tremendous relationship with HOOPP over the last few years. It is built upon mutual trust and confidence. They are a great client and we hope to continue working alongside them for many years."
The Hogan Lovells team advising HOOPP was led by London real estate partners Nicholas Cheffings and Dion Panambalana. Their cross-disciplinary team included senior associate Amelia Stawpert supported by partner James McDonald (structuring); partner Philip Gershuny and senior associate Aaron Burchell (tax); senior associates Gerry Tomnay and Graham Cutts, and associate Ed Newport (real estate); senior associate Hannah Quarterman (planning); and partner Gillian Thomas, senior associate Karen Lang and associate Ed Southall (construction).
Helical Bar were represented by Clifford Chance and the City Corporation by Norton Rose Fulbright.