Consistently regarded as a market leader in Scotland, the Property team has grown significantly across the UK in recent years.
Chambers and Partners have noted our ‘considerable muscle in the marketplace, maintaining a busy workload that spans development, leasing, sales, acquisitions and funding issues.’
We work for developers, investors, funders and occupiers on a wide range of property issues, such as acquisition, development, management, disposal, funding and finance, letting, commercial contracts and property litigation.
The team at Shepherd and Wedderburn has made an exceptional contribution to our retail growth in Scotland. The people are a pleasure to work with and their legal and commercial advice is of the highest calibre.
Alliance Trust plc
Acted on behalf of Alliance Trust Real Estate Partners (GP) Limited in the £10 million sale of 125 George Street, Edinburgh (Tiger Lily) to Lothbury Property Trust Company Limited.
British Airways Pension Fund
Advised British Airways Pension Fund on the £26 million acquisition of Capella, Atlantic Quay, Glasgow.
Acted for Cadena/Pradera in the acquisition of three retail parks in Kilmarnock, Paisley and Glenrothes for a combined value of £65 million.
Advised Cordea Savills European Commercial Fund on its £19 million acquisition of B&Q Dundee.
Acted for ESN/CBRE Investors in the £13 million acquisition of 5-7 Castle Street/114-116 Princes Street, Edinburgh.
Gladedale Ventures Limited
Acted for Gladedale in the £23 million disposal of Q6 Quartermile Edinburgh.
Global Infrastructure Partners
Advised Global Infrastructure Partners, a leading global infrastructure fund in relation to Real Estate, Planning and Finance aspects of their acquisition from British Airways Authority of Edinburgh Airport for £807.2 million.
Ignis UK Property Fund
Acted for Ignis in the £31 million acquisition of West End Retail Park, Glasgow.
Acted on a number of high profile insolvency disposals for Administrators acting for organisations such as Lloyds Banking Group and the Royal Bank of Scotland plc.
Major energy companies
Continuing to act for the likes of ScottishPower Renewables and also being appointed to act on behalf of RWE Npower Renewables Limited on a number of hydro and wind onshore developments within Scotland.
Metric Property Investments plc
Advised Metric Property Investments on the £10 million acquisition of Wick Retail Park.
SEB Investment GmbH
Acted for SEB Investment in its £39 million acquisition of 110 St Vincent Street, Glasgow.
Skandia Property Fund
Acted for Skandia Property Fund in its £17 million acquisition of 180 West George Street, Glasgow.
The following is a selection of our clients:
- Alliance Trust
- BAE Systems
- British Land
- HSBC Bank
- Ignis Asset Management
- ING Real Estate
- John Lewis / Waitrose
- Lloyds Banking Group
- London Development Authority
- London & Stamford
- Metric Property
- Miller Group
- Royal Bank of Scotland
- Royal London
- Sainsbury's Supermarkets
- ScottishPower / ScottishPower Renewables
- Scottish Enterprise
- Taylor Wimpey
Case Study: Sainsbury's Supermarkets Limited
Shepherd and Wedderburn acts exclusively for Sainsbury's Supermarkets Limited in Scotland. Growth in this region, given historic under representation, is a key component of Sainsbury's drive for extra space across the UK and our involvement has been key to the store delivery programme.
We have supported an ambitious extension plan to significantly expand floor space including extensions to Sainsbury's existing estate as well as a significant increase in new main stores and convenience stores. In 2010 alone we exchanged unconditional contracts for main store sites of approximately 280,000 sq ft.
Further conditional contracts have been signed up in the last year amounting to approximately 400,000 sq ft of space - with a similar amount currently under negotiation. In addition our property team dealt with the extension of three stores in 2010 delivering another 85,000 sq ft of new space and we exchanged contracts on 14 new convenience stores.
The work has been supported throughout with specialist input from our planning, construction and licensing teams (and in particular from our planning specialists who won a significant public enquiry for Sainsbury's key flagship main store development in Nairn).
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