Paul operates in the Real estate sector, specialising in the delivery of complex, high value, multi-party development projects.

Paul's experience

  • Advised a private equity real estate fund on the purchase and leaseback of a major hotel in Edinburgh, handling all diligence, reporting, and negotiation of transactional and leasing documents for a leading hotel sector transaction in Scotland.

  • Acting for Springfield Properties plc in their £64M agreement to sell to Barratt Homes land with planning consent for 2,480 plots across 6 development sites in central Scotland.

  • Advising Lloyds Banking Group in the pre-let redevelopment of their 325,000 sq ft Port Hamilton office building in the centre of Edinburgh's financial district.

  • Advised LCN Capital Partners, a global real estate investment firm, on the acquisition and forward funding of an aviation facility in Bromley, providing complex property, development, construction, tax and financing advice on the structuring of the transaction.

  • Acting for Lime Property Fund LP in the sale of their investment asset, Exchange House, Glasgow to Aviva Life & Pensions UK Limited. In a depressed market, this is understood to be the largest office investment transaction in Scotland during 2023.

  • Advised LCN Capital Partners in their acquisition of 2 supermarket assets held in England and Wales through the acquisition of the asset holding vehicle, a Guernsey Property Unit Trust.

  • Advised HFD on the development of 177 Bothwell Street, Glasgow, a 313,000 sq ft single office building which involves the pre-let of over 100,000 sq ft of space.

  • Advised a UK Bank on their acquisition and £300M+ development of a new state of the art 470,000 square foot hub campus in central Glasgow, comprising the construction of 3 large office buildings and surrounding infrastructure and public realm on regenerated land. We have acted for the Bank negotiating the construction contracts and property deal across a host of disciplines including real estate, construction procurement, state aid, tax and employment.

  • Advising Barclays on their acquisition and development of a new campus in Glasgow, containing multiple buildings comprising in excess of 450,000 sq ft of new office space and which development was billed in the media as the biggest, more significant property deal in Scotland of the last 25 years.

  • Advising HFD Group in the development of Bothwell Exchange, a full city block in the centre of Glasgow consisting of 2 high quality Grade A office developments, the first phase providing a pre-let of 122 Waterloo Street, Glasgow (a 155,000 sq ft office building) to Morgan Stanley and investment sale for circa £60M to South Korean Investors and the second phase providing a patrial pre-let of 177 Bothwell Street (a circa 304,000 sq ft office building) to Clydesale Bank plc for its new headquarters

Credentials

  • 2013
    Made Partner at Pinsent Masons
  • 2004
    Qualified - England and Wales
  • 2001
    Qualified - Scotland
  • 2001
    Joined Pinsent Masons
  • 1999
    University of Strathclyde – Diploma in Legal Practice
  • 1998
    University of Strathclyde – LLB (Hons)
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Out-Law / Insight by Paul Connolly

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