Paul is a Partner in the Asset Management team.
With extensive experience in both commercial property and corporate Paul’s commercial property portfolio encompasses commercial and institutional clients, involving both freehold and leasehold transactions. His corporate experience involves dealing with acquisitions and disposals, shareholder agreements and solvent group restructuring.
Alongside this, Paul is also experienced in the non-contentious aspects of real estate, real estate finance and development finance, including land acquisitions, sales and purchases, financing arrangements and day-to-day portfolio management.
Clients include Empire Property Group Holdings Limited, Feather Foot Holdings Limited, TFG Capital Limited, H I Weldrick Limited, Lazarus Properties Limited, the Ground Group Limited and Wilsons Furnishers Limited.
Recent examples of how Paul has supported clients include:
- providing advice to Empire property Group Holdings Limited in respect of an £80m term facility which required the creation of a group of 26 companies initially involving the buyout of existing shareholders, closure of a loan note scheme and detailed property work involving 32 properties;
- sale of industrial estate for The Ground Group Limited and Doncaster property Trading Limited, a connected company for the combined sum of £11.2m involving the regear of 6 existing leases to maximise the sale price achievable, transfer of part freehold and surrender of long leaseholds to create clean titles for the buyer, an institutional investor;
- share sale of company which runs a private airfield by way of conditional contract for approx. £10.5m, with conditionality on change of use to dual use of the property involving overage provisions in favour of selling shareholders in the event of property being used for residential development in the future; and
- £11.5m refinance and development loan facility with £1.5m mezzanine loan facility for client to convert former office block into 152 residential flats to be sold as long leasehold investments, being one of a number of similar projects for a key client.