Real Estate In the United Kingdom

The real estate market is changing. The structures and vehicles used are increasingly sophisticated and so are the financing techniques. The market is now truly global.

Clients need lawyers with the technical expertise and practical approach to meet the demands of this modern real estate world and its business requirements. We are international real estate lawyers who thrive on complexity and innovation, but pride ourselves on delivering our expertise with a personal touch.

Insight

As expected, the European Central Bank (ECB) has published its revised collateral haircut schedule. The revised schedule will take effect from 1 January 2011.
In early July, the German Bundestag (the lower house of parliament) passed a law which increases the 5 per cent. minimum retention level referred to in the Capital Requirements Directive (CRD) to 10 per cent from 2013.

deals & cases

Allen & Overy LLP is advising Dana Petroleum plc (Dana) on its EUR328 million acquisition of Petro-Canada Netherlands B.V. (PCN), including its entire portfolio of Dutch North Sea exploration and production and gas storage assets, from PetroCanada (International) Holdings B.V., a wholly owned subsidiary of Suncor Energy Inc.
Allen & Overy LLP said today that the GBP1.4 billion residential mortgage-backed securitisation (RMBS) issued by Santander represents a further positive step for the European RMBS market.
contacts

Partner
Adam Cleal is managing partner of the Real Estate group and acts for landowners, developers and lenders. He has a wide-ranging commercial real estate practice, covering all aspects of property sales and purchases, property developments and lettings.

Partner
Robert Porter is the managing partner of the Doha office and is a leader in the fields of international funds and asset management, cross border joint ventures and acquisitions and major real estate projects.


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