Hogan Lovells has advised U and I Group PLC (U+I), a specialist regeneration and property developer, on its new 50:50 joint venture platform (the partnership) with a controlled affiliate of Colony NorthStar Inc. (Colony NorthStar). The new partnership is a specialist platform that will invest up to €300m in the London City Region, Manchester and Dublin office markets. Based in the U.S., Colony NorthStar is a leading global real estate and investment management firm.
Investing in underperforming office buildings in three core markets, the joint venture will aim to deliver modern, high quality office space through improved planning, development, refurbishment and asset management.
The transaction was led out of Hogan Lovells’ London office by real estate finance partner Andrew Flemming (Picture), with partners Nicola Evans (corporate), Dion Panambalana (real estate) and working in closely with the Hogan Lovells Luxembourg office. William Fry provided Irish law advice.
Law Firms: Hogan Lovells;
Clients: U and I Group PLC;