Richard advises clients across the commercial property investment market including institutional investors, specialist retail property investment companies, shopping centre owners, UK pension funds, high profile retailers and corporate clients with major real estate portfolios.

Richard's experience

  • Advised a real estate investment fund on the sale of a hotel property near Heathrow Airport.

  • Advised a major UK insurer on the acquisition of a London hotel property on a ground rent basis.

  • Advised Lime Property Fund Limited Partnership, a real estate investment fund, on the sale of a major sports education facility in Leeds.

  • Advised Saint-Gobain Limited, a multinational building materials manufacturer, on the property aspects of its disposal of its retail business including Jewson Limited with over 600 branches

  • Advised Aviva Investors REaLM Commercial Assets Limited Partnership, a real estate investment partnership, on the sale of its interest in a loan secured against freehold interests in two supermarket properties.

  • Advised on commercial property aspects for Aviva who provided the ground rent finance into what will be Europe’s largest Passivhaus PBSA development at Canary Wharf in London, with Aviva taking a 75-year lease of the site and setting up a ground rent lease structure with Developer Urbanest as its tenant.

  • Advised Saint-Gobain on the sale of its UK distribution business (Saint-Gobain Building Distribution UK Limited, now Stark Building Materials UK Limited) to the Stark Group.

  • Advising Lowell on a pre-let at Thorpe Park Leeds, representing the largest single out of town office deal ever recorded in West Yorkshire. The deal won “office deal of the year“ at the Yorkshire Property Awards 2021.

  • Acted for House of Fraser (Stores) Limited advising in relation to the company's property liabilities for its whole store portfolio (59 stores) in England Wales and Scotland in connection with the high profile Company Voluntary Arrangement undertaken in Summer 2018 and subsequently advising the administrators on property law aspects of the transfer of property assets as part of the administration process. The matter was important as it was the highest profile CVA and administration of 2018.

  • Acted for RPMI Railpen on one of Birmingham’s largest investment transactions of 2018 with Railpen acquiring 2 Colmore Square and Cannon House for a price £90+million.

Credentials

  • 1996
    Qualified - England and Wales
  • 1994
    LPC (Distinction), College of Law, Guildford
  • 1994
    Joined Pinsent Masons
  • 1993
    CPE (Distinction), College of Law, Guildford
  • 1991
    BA Economics and politics
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Out-Law / Insight by Richard Daffern

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