Morocco,South Africa,Australia,China,Hong Kong SAR
China,Japan,Korea,New
Zealand,Singapore,Thailand,Austria,Belgium,Czech
Republic,Denmark,Finland,France,Germany,Hungary,Ireland,Italy,Luxembourg,Netherlands,Norway,Poland,Portugal,Romania,Slovak
Republic,Spain,Sweden,United
Kingdom,Argentina,Chile,Mexico,Peru,Bahrain,Oman,Qatar,UAE,Canada,Puerto
Rico,United States
Driving successful real estate investments and
transactions
We are a single source of legal advice for the real
estate, tax, capital markets, and related needs of many
of the world’s leading real estate investors,
investment advisors, and developers.
We can advise and support you through all stages of real
estate investments and transactions: our real estate
lawyers understand the issues so we can get your deals
completed efficiently. Every week, we close deals around
the world that range from single assets to global
portfolios, across a wide range of mainstream and
specialized assets classes.
Our size, capability and experience in all of these
aspects make us a go-to law firm for portfolio
transactions.
We have structured, negotiated and documented the full
range of joint venture transactions. Our clients include
public and private pension funds and pension fund
advisors, sovereign wealth funds, other institutional
investors, private equity funds, public and private REITs,
and real estate developers.
I can confidently say that DLA is the best law firm I have
worked with during my 20 years in the real estate industry.
They consistently excel at quality of work, attention to
detail, responsiveness, and efficiency. They are a great
partner and my first choice when it comes to real estate
law.
Client, Legal 500 2024
Our work includes advising on portfolio joint ventures,
platform joint ventures providing for the acquisition of
assets over time, and joint ventures in which one or more
parties contributed properties. We also have experience
with joint ventures formed to act as sponsors in private
equity funds and real estate funds.
We bring a sophisticated understanding of the increasingly
complex aspects of real estate transactions. This includes
the related use of real estate investment trusts (REITs),
blocker entities and inter-company debt, as well as
advising on ERISA in the US. We’ve also responded to
the growing appetite for indirect investment into real
estate via investment vehicles, be they listed or
non-listed real estate companies, real estate investment
funds or REITs.
Our team is also fully integrated with colleagues and
practices worldwide, bringing together real estate,
financing, regulatory, tax and transactional advice to
ensure a full-service approach.
Experience
AEW Capital Management with respect to hundreds of
programmatic joint venture transactions deploying
multiple billions of dollars with respect to
investments in senior housing, student housing,
self-storage, medical office, life sciences, data
centers, residential build-to rent, social
infrastructure and other niche real estate related
investments located throughout the United States,
Canada, and Europe.
Allianz Real Estate on various investments including:
(i) its co-investment into a fund (alongside
co-investors Gaw Capital Partners, Goldman Sachs and
Great Wall), which has acquired 16 properties in Hong
Kong; and (ii) its acquisition of 100% stake (acquired
through two stages with 50% stake each) in a portfolio
of five modern logistics assets in China which are
owned by a Gaw Capital managed fund. The portfolio
includes five projects in the areas of Shanghai,
Jiaxing, Foshan, Wuhan and Shenyang.
AXA Investment Managers on the acquisition, as part of
a core strategy on behalf of a client, of the entire
issued share capital of NorthStar Realty Europe Corp.
(NYSE: NRE), a NYSE listed REIT, which owns a
significant portfolio of 12 office properties and two
hotel assets with a combined value of EUR1.1 billion
located in key European cities in Germany, the UK and
France.
Blackstone in connection with its investment in a
series of hyper-scale data center developments
projects in Germany, France and Northern Virginia with
an estimated development cost of US$7 billion.
Blackstone in the GBP3bn acquisition of Bourne Leisure
Group, which operates through the Haven,
Butlin’s and Warner Leisure Hotels brands across
56 sites in the UK.
Green Courte Partners in the sale to KKR of The
Parking Spot, the largest operator of off-airport
parking facilities in the US, along with the sale of
over 25 off-airport parking facilities that are
managed by The Parking Spot.
Greenland USA in a transaction that involved
settlement of litigation and the related restructuring
of a joint venture between Greenland and Brookfield
Properties for the ownership and development of the
US$12 billion Pacific Park project (formerly known as
the Atlantic Yards project) in downtown Brooklyn, New
York.
Harrison Street Real Estate in numerous matters
throughout the US, including: (i) the US$1.9 billion
acquisition of Campus Crest Communities, Inc.; (ii)
the US$1 billion student housing portfolio sale to
Scion Student Communities LP, comprised of 22
properties across 20 universities located throughout
the United States; and (iii) the US$420 million
acquisition of five senior living properties in
Maryland, Massachusetts, New Jersey, Pennsylvania, and
Virginia.
Hines in the acquisition, permitting, financing, and
development of the US$2 billion development of air
rights above Boston’s South Station.
The HYM Investment Group in all aspects of its US$8
billion development project involving the 161-acre
Suffolk Downs site in Revere and East Boston, the
largest real estate development project in the history
of greater Boston.
The Jacksonville Jaguars (NFL) in the world’s
largest stadium renovation project called “The
Stadium of the Future (SOTF)”, which will exceed
over US$1 billion in construction costs.
Northwestern Mutual Life Insurance Company and
NorthPoint in a US$8 billion project involving a
series of build- to-suit data center transactions for
720 megawatts of capacity.
Oval Real Estate in the acquisition of the entire
property asset base of the Janus Henderson PAIF
– 38 properties in the UK with circa 300
tenants, valued in excess of GBP900m. We set up the JV
between Oval and its investors and established a
number of special purpose vehicles into which the
properties were acquired, dealing with all of the
corporate, tax and financing requirements of the
transaction.
Oxford Properties Group (the real estate subsidiary of
the Ontario Municipal Employees Retirement System) in
connection with its investment in the US$25 billion
Hudson Yards project in New York City, the largest
real estate development project in the history of the
US.
Ping An Insurance on the 30% share acquisition from
and joint venture with Sun Hung Kai Properties in
developing the commercial/retail complex at the West
Kowloon Station in Hong Kong with acquisition price of
around HKD15 billion.
QTS Realty Trust in connection with its 10 million
square foot, US$40 billion data center development on
2,200 acres in Northern Virginia - cited as the single
largest master planned data center campus in the
world.
Soloviev Realty Group in the US$825 million
disposition of a 3-property NYC multi-family portfolio
on the Upper East Side of Manhattan, and in phase 2 of
a 3-phase sale of a US$1.6 billion 5-building NYC
multi-family portfolio.
Sterling Bay in the US$6 billion Lincoln Yards
project, a 14 million square foot mixed-use
development on 53 acres of vacant land within the
North Branch Industrial Corridor in the Lincoln Park
and West Town community area of Chicago, IL.
Tokyu Land US Corporation in the US$911 million
mortgage, senior mezzanine and junior mezzanine
refinancing of 425 Park Avenue in Manhattan from a
consortium of Japanese lenders.