Simmons & Simmons has advised APG on its establishment of a joint venture with a fund advised by Delancey, to acquire the landmark Earls Court development site in London from Capital & Counties Properties plc for £425m.
The Earls Court development site includes the site of the former Earls Court exhibition centres. It is London’s largest cleared Zone 1 development site and is one of the city’s most important mixed-use developments.
The Simmons team comprised lawyers from across the firm’s practices, including Jason Daniel, Gideon Sharp, Sally Childs, Sharikh Gilani, Ali Crosthwaite, Nick Cronkshaw, Peter Broadhurst and Duncan Green.
Jason Daniel, corporate partner, commented:
“The Simmons team was delighted to advise APG on its latest investment in the UK, acquiring the iconic Earls Court site. The acquisition through a joint venture structure of the significant mixed-use development site involved the expertise of a multi-disciplinary team, combining partners and associates from our Corporate, Real Estate, Tax and Competition and Antitrust teams.”**