Taylor Wessing leads £232 million real estate acquisition for Max Property Group

Taylor Wessing LLP has advised Max Property Group, the new quoted vehicle of Nick Leslau and Mike Brown, on the £232 million acquisition of the Industrious portfolio from the Receivers of the Dunedin Group. 

Max Property Group is a Jersey based investment vehicle set up by real estate entrepreneur, Nick Leslau, in May 2009 to realise market opportunities arising from the economic downturn. The acquisition is the first transaction of its kind and scale since the economic downturn began, and the largest deal with new debt so far this year.

The Taylor Wessing team advising on the deal included members from across the Firm's real estate, finance, corporate, tax, IP, employment and litigation groups.

Real estate partner, Richard Grosse, who led the Taylor Wessing team, says:

"We are delighted to have acted for Max Property Group in its first acquisition since its flotation, and to be able to field such a strong and wide ranging team for this major client."

Nick Leslau, Chairman of Max Property Group, says:

'"This was perhaps the most challenging purchase we have ever been involved with. Receivership sales are never without complications and this was even tougher than most. Taylor Wessing were outstanding in all areas and delivered the exceptional level of service and professionalism we have come to expect from them."

Clifford Chance acted for the Receivers, Ernst and Young. The funders, EuroHypo AG, were advised by Olswang.

Ends

Notes to editors 

For more information please contact Helen Needham at Taylor Wessing:

Tel:      +44 (0)20 7300 4156
Email:   h.needham@taylorwessing.com

The Taylor Wessing team, led by Real Estate partners Richard Grosse and Alan Evans, and senior associate Louise Tobutt, included:

Finance partner Bob Gayford and senior associate Marcus Earnshaw;
Corporate partner Jayne Schnider and senior associate Jon Blackburn;
IP senior associate, David Brooks;
Employment associate, Gemma Parker;
Litigation partner, Laurence Lieberman.

 
Taylor Wessing LLP is a leading law firm providing legal support for commercial organisations doing business in Europe, the Middle East and China. Taylor Wessing boasts a strong reputation in the corporate, finance and real estate sectors alongside in-depth experience across the full range of legal services, including finance, intellectual property and technology, tax, litigation & dispute resolution, employment & pensions and private client.

www.taylorwessing.com