England - London • Real estate

Norton Rose Fulbright

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Norton Rose Fulbright ‘has extensive capability across all corporate finance matters’, notably in mezzanine structures, development financings, forward fundings, Opco/Propco structures, and sale and leasebacks. ’Standout’ Sarah Cullen leads the team, and is active in hotel financings, loan portfolio sales and distressed debt restructuring. Banking partner Dan Kennedy is sought after for development financings of large-scale mixed-use regeneration projects. Structured finance expert Jennie Dorsaint and senior associate Jessy Makdessi are also of note.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘We have worked with Norton Rose on a range of deals for many years, and what makes them stand out is the availability of and attention from partners and senior lawyers through the deal life cycle. The firm is good at distilling the key issues which the client should be focusing.’

  • ‘Dan Kennedy is a nice guy, very experienced, and stays engaged throughout the deal.’

  • ‘The team has extensive capability across all corporate finance matters. They stand out from other firms because of their calm, reasoned approach to all problems, they always listen to the client and find the best solutions and outcomes. They are a pleasure to work with and are exactly who you need by your side in tough situations.’

  • ‘Sarah Cullen is a standout partner, extremely knowledgable, very easy to get along with and always available.

  • 'Jessy Makdessi is a superb senior associate and ably steps into complex and tricky situations. Jessy's proactive, intelligent approach and adept style dealing with challenging counterparties makes her a critical part of any of our transactions. A true star partner of the future.’
  • ‘Sarah Cullen and Colin Kwok - outstanding. They go above and beyond for us.’

  • ‘Jennie Dorsaint takes great care and provides a top-notch and seamless service to clients.’

  • ‘Sarah Cullen is the partner on our engagement. Her depth of knowledge, commercial awareness and skill in managing discussions/negotiations have made her an invaluable asset to us.

Key clients

  • AIG Asset Management
  • Bangkok Bank
  • Battersea Power Station
  • Centurion Corporation Limited
  • Crest Nicholson Plc
  • DBS Bank
  • DFI European Value Add Fund
  • Haitong Bank, S.A.
  • HSBC
  • Industrial and Commercial Bank of China
  • InterGlobe (Empire 3 Investment S.à r.l.)
  • Ivanhoe Cambridge
  • Macquarie Capital Principal Finance
  • Münchener Hypothekenbank eG
  • National Westminster Bank Plc
  • Picton Property Income
  • Qatar National Bank
  • Residential Land
  • Standard Chartered Bank
  • Unibail-Rodamco-Westfield Group
  • United Overseas Bank
  • West End of London Property Unit Trust (WELPUT)
  • Westminster Development Services
  • Yoo Capital
  • Lloyds
  • BNPP
  • PPHE (Park Plaza)
  • Bank Leumi
  • DPK Real Estate
  • SMBC
  • Emirates Bank
  • Nedbank Limited

Work highlights

  • Advised WELPUT in connection with a £400 million financing (as part of a £1 billion investment) provided in part by Allianz Real Estate for the redevelopment of 105 Victoria Street into an office, retail and leisure development owned by 105VSUT.
  • Advised Westminster Development Services Limited as Borrower in relation to two new facilities including a bank guarantee facility totalling £113.72 million from a syndicate of lenders led by State Bank of India, London Branch as part of the existing £813.72 million development financing for the £1.2 billion development of the Old War Office in Whitehall.
  • Advised Macquarie Capital Principal Finance on its €123.4 million senior secured loan to DL Invest Group, secured against 10 modern logistics assets in Europe.

Practice head

The lawyer(s) leading their teams.

Sarah Cullen

Other key lawyers

Dan Kennedy, Jennie Dorsaint, Jessy Makdessi