England - South East • Real estate

Penningtons Manches Cooper LLP

More informationMore information

The ‘dynamic, hardworking and insightful team’ at Penningtons Manches Cooper LLP in Guildford has experience in planning, development and construction work, acting for care homes, social housing clients and industrial spaces; the team’s client roster also features industrial investors and developers, landowners, and multi-site retailers. Team leader Mike Busby is noted by the market and handles development work for a range of clients covering strategic options and promotions agreements, high-value asset acquisitions and portfolio refinancings. Expert on logistics sites Tony Burns acts for occupier clients on investment portfolio transactions and specialises in the acquisition, development and management of industrial sites, development funding agreements and energy projects.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Friendly, knowledgeable, patient and efficient.’
  • ‘The commercial property team at Penningtons are a dynamic, hardworking and insightful team that provide real value through a broad knowledgebase and a keen understanding of our business and what we want to achieve in any given scenario. Response times and communication is exceptional across the team and I truly feel valued as a client.’
  • ‘Mike Busby and Sam Davies are lawyers that stand out. I've worked with both Sam and Mike for 6 years and they both consistently provide a service beyond expectation. Both are very keen to understand what we want to achieve and take the time to understand the role of any given matter and how this plays into the bigger picture of our business. Their knowledge, communication, advice and turnaround times provide me with confidence as a client.’
  • ‘During the past few months members of the commercial property team in Guildford have helped our companies with the sale of an office building and some land associated with an industrial property. The advice and support we have received has been excellent and timely, as indeed it has been for each of the years that we have been a client. The team clearly has a great depth of experience. Every speciality we have needed has been well covered.’
  • ‘During this past year I have once again had good reason to be extremely grateful to Mike Busby and Jamie Lynch. Both have been absolutely excellent and consistently so. Mike Busby particularly is clearly hugely experienced, commercially aware and despite, no doubt, being exceptionally busy, he is always abreast of matters. His timely advice and proactive interventions have been vital on a number of occasions. Likewise, Jamie Lynch is highly competent and an excellent communicator. Both are extremely hardworking and have provided a superb service.’
  • ‘They offer legal excellence, the ability to act as part of the internal legal team and brilliantly clever lawyers that are still human.’
  • ‘Sam Davies has been an essential part of our team over the past few years. I don't know how we would have coped without him. He is exceptional. A great lawyer for our transactions, who is always quick to help and genuinely interested in our business.’
  • ‘They give good advice, explain the legal jargon well. They work to a good schedule, and it is never our company/solicitors that the other side are waiting for. They are not afraid to chase things up. Mike Busby and Nellie van der Lande are the lawyers that we worked with.’

Key clients

  • Seybourne Estates Limited
  • White Oak Transport Services Limited
  • Flight Centre Limited

Work highlights

  • Advising Seybourne Estates Limited on the sale of property and the Development Funding Agreement (£1.2m and £13.8m respectively) for the construction of a new 120,000 square foot industrial warehouse to a fund, EQT Exeter, involving the renegotiation of a long underlease.
  • Instructed to act for a developer client on the acquisition of a large site which consisted of both freehold and leasehold land, a simultaneous sub-sale to a housing association and development which totalled £16.5m.
  • Advising on the sale of a London hotel for an eight figure sum.

Lawyers

Leading individuals

Mike Busby

Mike Busby

Penningtons Manches Cooper LLP

Mike heads the real estate division, with overall responsibility for its strategic direction, and is a member of the firm's strategy board. He specialises in: strategic land advice for large landowners and mid-tier residential developers, including advising on promotion agreements, options and conditional contracts; portfolio acquisitions and disposals for high net worths and family offices; retail and leisure, including advising numerous golf course owners and operators; advising on hotel sales and purchases; advising national restaurant operators and retailers on their English portfolio; advising care home developments; and high value landlord and tenant work.

Practice head

The lawyer(s) leading their teams.

Mike Busby

Other key lawyers

Tony Burns, Sam Davies, Jamie Lynch, Nellie van der Lande