Olswang has advised clients of Delancey, the specialist investment advisor and long-standing client of the firm, on their sale of an 87.5% stake in Centros, the urban regeneration and mixed-use property development specialist, to Sovereign Land.
Centros is currently working on projects such as Portsmouth's Northern Quarter and Arnison Shopping Park in Durham.
Delancey's clients will retain a 12.5% stake in Centros. Ian Raeburn, a director at Delancey, said: "We believe the combined businesses will be an excellent fit and platform for new projects and look forward to our continued involvement with the group."
Corporate partner Paul Blackmore led the Olswang team with assistance from associates Simon Armitage and Ben Taylor as well as specialist tax advice from Clíona Kirby and Matthew Wentworth-May.
Nabarro acted for Sovereign.
For more information or to set up an interview please contact:
Media & Communications Manager
020 7067 3009
Media & Communications Officer
020 7067 3069
Notes to editors
Olswang LLP is one of Europe's leading law firms in the areas of technology, media, telecommunications and real estate. The firm comprises of nearly 700 people including 100 partners, across seven European offices. Olswang is part of a 'best friends' network of leading independent law firms throughout the world.
and Antitrust Law Firm of the Year, Belgium - Belgian Legal
immobilienmanager.AWARD 2012: category "sharing networks and know how" - Olswang Germany
Law Firm of the Year 2011, Germany - JUVE
Law Firm of the Year - M&A Awards 2011
Chambers Asia Pacific - Corporate Finance mid-market Firm of the Year 2011
Finance Monthly Law Awards 2011: Real Estate Law Firm of the Year, Germany
NOA Outsourcing Advisory of the Year 2010
The Sunday Times Best Green Companies 2010
The Law Society Award for Excellence in Environmental Responsibility 2010
Lexis Nexis Taxation Team of the Year 2012 - Lexix Nexis
Media Law Firm of the Year - JUVE Awards 2010