<% layouttype = "press release" Select Case layouttype Case "alert" template = ("alert") Case "analysis" template = ("analysis") Case "action" template = ("action") Case "podcast" template = ("podcast") Case "vodcast" template = ("vodcast") Case "press release" template = ("press release") Case "video" template = ("video") Case "videowide" template = ("videowide") Case "webinar" template = ("webinar") End Select %> <% If template = "action" Or template = "analysis" or template = "webinar" or template = "videowide" then %>
<% else %>
<% end if %>

Wragge & Co advises Intu Properties plc on £250 million acquisition of Midsummer Place

11.03.13

<% If Request.Cookies("wcoCookies")("addthis") <> "False" Then %>
<% End If %>
 
<% if "en" = "fr" then %>

Voir cette page en franšais

<% elseif "en" = "de" then %>

Diese Seite auf deutsch

<% elseif "en" = "ch" then %>

查看本页内容中文版。

<% elseif "en" = "ae" then %>

اعرض هذه الصفحة باللغة العربية

<% end if %> <% If template = "podcast" then %>

Wragge & Co's real estate specialists have advised Intu Properties plc (Intu) on its £250 million acquisition of Midsummer Place Shopping Centre from Legal and General. A cross-firm team enabled the shopping centre owner, operator and developer to exchange contracts in just two weeks.

Midsummer Place, located in central Milton Keynes, has more than 420,000 sq ft of space, providing 50 retail units. The £250 million acquisition represents an initial net yield of 5.1% based on current net rents of £13.4 million and a nominal equivalent yield of 5.5%. Completion is scheduled for the end of  March 2013.

Real estate partner Huw Roberts led a cross-firm team of experts including real estate associates Lorraine Reader and Matthew Walker, tax partner Lee Nuttall and associate Chris Nyland, construction solicitor Alex Riddell and employment associate Georgina Houghton. The team worked closely with Intu in-house real estate counsel Mark Sadler and asset management director Jonathan Ainsley.

Intu (formerly Capital Shopping Centres Group PLC) currently owns and operates 15 shopping centres in the strongest locations across the country, including 10 of the top 25. More than 80,000 people are employed at its centres. Wragge & Co has advised the company since 2010. 

Duncan Maclaurin of Lawrence Graham represented Legal and General.

Providing a sector-focused service, Wragge & Co's real estate specialists act for investors, developers, major corporates, financial institutions, housing associations and local authorities in the UK and worldwide.

Real estate highlights from the past 12 months include advising Roxhill Developments on its joint venture with Forth Ports Limited to develop London Distribution Park at the Port of Tilbury; acting for long-standing client St. Modwen on a £2 billion deal to redevelop New Covent Garden Market and advising Vodafone UK on its intention to strengthen its existing network partnership with Telefónica UK.

To view this player you need to install the latest version of Adobe Flash Player and ensure JavaScript is enabled.

A transcript of the audio is available below.

Direct MP3 download
iTunes subscription
RSS feed for other podcast catchers, Google Reader, etc

<% Elseif template = "vodcast" then %>

Wragge & Co's real estate specialists have advised Intu Properties plc (Intu) on its £250 million acquisition of Midsummer Place Shopping Centre from Legal and General. A cross-firm team enabled the shopping centre owner, operator and developer to exchange contracts in just two weeks.

Midsummer Place, located in central Milton Keynes, has more than 420,000 sq ft of space, providing 50 retail units. The £250 million acquisition represents an initial net yield of 5.1% based on current net rents of £13.4 million and a nominal equivalent yield of 5.5%. Completion is scheduled for the end of  March 2013.

Real estate partner Huw Roberts led a cross-firm team of experts including real estate associates Lorraine Reader and Matthew Walker, tax partner Lee Nuttall and associate Chris Nyland, construction solicitor Alex Riddell and employment associate Georgina Houghton. The team worked closely with Intu in-house real estate counsel Mark Sadler and asset management director Jonathan Ainsley.

Intu (formerly Capital Shopping Centres Group PLC) currently owns and operates 15 shopping centres in the strongest locations across the country, including 10 of the top 25. More than 80,000 people are employed at its centres. Wragge & Co has advised the company since 2010. 

Duncan Maclaurin of Lawrence Graham represented Legal and General.

Providing a sector-focused service, Wragge & Co's real estate specialists act for investors, developers, major corporates, financial institutions, housing associations and local authorities in the UK and worldwide.

Real estate highlights from the past 12 months include advising Roxhill Developments on its joint venture with Forth Ports Limited to develop London Distribution Park at the Port of Tilbury; acting for long-standing client St. Modwen on a £2 billion deal to redevelop New Covent Garden Market and advising Vodafone UK on its intention to strengthen its existing network partnership with Telefónica UK.

To view this player you need to install the latest version of Adobe Flash Player and ensure JavaScript is enabled.

A transcript of the video is available below.

<% Elseif template = "video" then %>

Wragge & Co's real estate specialists have advised Intu Properties plc (Intu) on its £250 million acquisition of Midsummer Place Shopping Centre from Legal and General. A cross-firm team enabled the shopping centre owner, operator and developer to exchange contracts in just two weeks.

Midsummer Place, located in central Milton Keynes, has more than 420,000 sq ft of space, providing 50 retail units. The £250 million acquisition represents an initial net yield of 5.1% based on current net rents of £13.4 million and a nominal equivalent yield of 5.5%. Completion is scheduled for the end of  March 2013.

Real estate partner Huw Roberts led a cross-firm team of experts including real estate associates Lorraine Reader and Matthew Walker, tax partner Lee Nuttall and associate Chris Nyland, construction solicitor Alex Riddell and employment associate Georgina Houghton. The team worked closely with Intu in-house real estate counsel Mark Sadler and asset management director Jonathan Ainsley.

Intu (formerly Capital Shopping Centres Group PLC) currently owns and operates 15 shopping centres in the strongest locations across the country, including 10 of the top 25. More than 80,000 people are employed at its centres. Wragge & Co has advised the company since 2010. 

Duncan Maclaurin of Lawrence Graham represented Legal and General.

Providing a sector-focused service, Wragge & Co's real estate specialists act for investors, developers, major corporates, financial institutions, housing associations and local authorities in the UK and worldwide.

Real estate highlights from the past 12 months include advising Roxhill Developments on its joint venture with Forth Ports Limited to develop London Distribution Park at the Port of Tilbury; acting for long-standing client St. Modwen on a £2 billion deal to redevelop New Covent Garden Market and advising Vodafone UK on its intention to strengthen its existing network partnership with Telefónica UK.

<% If Request.Cookies("wcoCookies")("youtube") <> "False" Then %> <% else %>

You need to enable cookies to watch videos on this website; alternatively you can watch it on our YouTube channel.

<% End If %> <% If Request.Cookies("wcoCookies")("youtube") <> "False" Then %> <% End If %> <% if "show" = "show" then %>
<% End if %> <% Elseif template = "videowide" then %>

Wragge & Co's real estate specialists have advised Intu Properties plc (Intu) on its £250 million acquisition of Midsummer Place Shopping Centre from Legal and General. A cross-firm team enabled the shopping centre owner, operator and developer to exchange contracts in just two weeks.

Midsummer Place, located in central Milton Keynes, has more than 420,000 sq ft of space, providing 50 retail units. The £250 million acquisition represents an initial net yield of 5.1% based on current net rents of £13.4 million and a nominal equivalent yield of 5.5%. Completion is scheduled for the end of  March 2013.

Real estate partner Huw Roberts led a cross-firm team of experts including real estate associates Lorraine Reader and Matthew Walker, tax partner Lee Nuttall and associate Chris Nyland, construction solicitor Alex Riddell and employment associate Georgina Houghton. The team worked closely with Intu in-house real estate counsel Mark Sadler and asset management director Jonathan Ainsley.

Intu (formerly Capital Shopping Centres Group PLC) currently owns and operates 15 shopping centres in the strongest locations across the country, including 10 of the top 25. More than 80,000 people are employed at its centres. Wragge & Co has advised the company since 2010. 

Duncan Maclaurin of Lawrence Graham represented Legal and General.

Providing a sector-focused service, Wragge & Co's real estate specialists act for investors, developers, major corporates, financial institutions, housing associations and local authorities in the UK and worldwide.

Real estate highlights from the past 12 months include advising Roxhill Developments on its joint venture with Forth Ports Limited to develop London Distribution Park at the Port of Tilbury; acting for long-standing client St. Modwen on a £2 billion deal to redevelop New Covent Garden Market and advising Vodafone UK on its intention to strengthen its existing network partnership with Telefónica UK.

<% If Request.Cookies("wcoCookies")("youtube") <> "False" Then %> <% else %>

You need to enable cookies to watch videos on this website; alternatively you can watch it on our YouTube channel.

<% End If %> <% If Request.Cookies("wcoCookies")("youtube") <> "False" Then %> <% End If %> <% if "show" = "show" then %>
<% End if %> <% Elseif template = "webinar" then %>

Wragge & Co's real estate specialists have advised Intu Properties plc (Intu) on its £250 million acquisition of Midsummer Place Shopping Centre from Legal and General. A cross-firm team enabled the shopping centre owner, operator and developer to exchange contracts in just two weeks.

Midsummer Place, located in central Milton Keynes, has more than 420,000 sq ft of space, providing 50 retail units. The £250 million acquisition represents an initial net yield of 5.1% based on current net rents of £13.4 million and a nominal equivalent yield of 5.5%. Completion is scheduled for the end of  March 2013.

Real estate partner Huw Roberts led a cross-firm team of experts including real estate associates Lorraine Reader and Matthew Walker, tax partner Lee Nuttall and associate Chris Nyland, construction solicitor Alex Riddell and employment associate Georgina Houghton. The team worked closely with Intu in-house real estate counsel Mark Sadler and asset management director Jonathan Ainsley.

Intu (formerly Capital Shopping Centres Group PLC) currently owns and operates 15 shopping centres in the strongest locations across the country, including 10 of the top 25. More than 80,000 people are employed at its centres. Wragge & Co has advised the company since 2010. 

Duncan Maclaurin of Lawrence Graham represented Legal and General.

Providing a sector-focused service, Wragge & Co's real estate specialists act for investors, developers, major corporates, financial institutions, housing associations and local authorities in the UK and worldwide.

Real estate highlights from the past 12 months include advising Roxhill Developments on its joint venture with Forth Ports Limited to develop London Distribution Park at the Port of Tilbury; acting for long-standing client St. Modwen on a £2 billion deal to redevelop New Covent Garden Market and advising Vodafone UK on its intention to strengthen its existing network partnership with Telefónica UK.

<% Else %>

Wragge & Co's real estate specialists have advised Intu Properties plc (Intu) on its £250 million acquisition of Midsummer Place Shopping Centre from Legal and General. A cross-firm team enabled the shopping centre owner, operator and developer to exchange contracts in just two weeks.

Midsummer Place, located in central Milton Keynes, has more than 420,000 sq ft of space, providing 50 retail units. The £250 million acquisition represents an initial net yield of 5.1% based on current net rents of £13.4 million and a nominal equivalent yield of 5.5%. Completion is scheduled for the end of  March 2013.

Real estate partner Huw Roberts led a cross-firm team of experts including real estate associates Lorraine Reader and Matthew Walker, tax partner Lee Nuttall and associate Chris Nyland, construction solicitor Alex Riddell and employment associate Georgina Houghton. The team worked closely with Intu in-house real estate counsel Mark Sadler and asset management director Jonathan Ainsley.

Intu (formerly Capital Shopping Centres Group PLC) currently owns and operates 15 shopping centres in the strongest locations across the country, including 10 of the top 25. More than 80,000 people are employed at its centres. Wragge & Co has advised the company since 2010. 

Duncan Maclaurin of Lawrence Graham represented Legal and General.

Providing a sector-focused service, Wragge & Co's real estate specialists act for investors, developers, major corporates, financial institutions, housing associations and local authorities in the UK and worldwide.

Real estate highlights from the past 12 months include advising Roxhill Developments on its joint venture with Forth Ports Limited to develop London Distribution Park at the Port of Tilbury; acting for long-standing client St. Modwen on a £2 billion deal to redevelop New Covent Garden Market and advising Vodafone UK on its intention to strengthen its existing network partnership with Telefónica UK.

<% end if %>
 
<% If template = "press release" Then %>

For further information about this press release, contact Kathryn Hobbs on +44 (0)121 685 2785 or Liam Thompson on +44 (0)121 685 2943

<% Else %>

Key Contact

<% End If %>

This <% response.write(template) %> may contain information of general interest about current legal issues, but does not give legal advice.