James Kane

Advising The Guinness Partnership on the c.£110m sale to institutional investor Long Harbour of Riverstone Heights, Leaside Lock, Bromley-by-Bow, London comprising a 28 storey BTR product and commercial investment, in the course of development by way of forward commitment. The tower sits within a common podium structure supporting two further residential towers either side. This threw up a wealth of challenging considerations for both Guinness and Long Harbour relating to building risk, maintenance, repair and insurance. The transaction represented Guinness’ first institutionally packaged BTR sale. Shortlisted finalist for Property Week PRS Deal of the Year 2023.

Advising Packaged Living on its partnering with Aviva Investors to create a circa £1 billion value Single-Family Rental platform. Shortlisted finalist for Property Week PRS Deal of the Year 2023.

Advising Avanton on the purchase, financing and development of the Carpetright site Old Kent Road London, for the c.£130million+ development of 260+ homes (comprising part of Avanton's £950m+ Ruby Triangle development area).

Advising a Patrizia fund on the purchase of c.£95m GDV Edgbaston Residencies, Birmingham, for the development of circa 375 residential units and 20,000sq ft. retail, through a share purchase of the holdco and the simultaneous: (a) purchase by holdco from Warwickshire Cricket Club and Homes England of a 250yr lease; (b) the letting by holdco of a c.£60m Building Contract; and (c) a currency hedge in holdco immediately its shares were purchased (but before consideration for those shares was paid).

Advising a Patrizia fund on the c.£45m purchase from Fairview Homes of 102 residential units for BTR use in a single building at Regency Heights, Ealing, West London, together with purchase finance and security documentation. Transaction involved a private network heat supply agreement for the building; planning indemnities to address delays to site-wide planning discharges (C-19 and otherwise related), complex phased purchase of the units in tranches (whilst contractor was concluding balance works); repurposing Fairview’s suite of procurement trade contracts and professional appointments so as to be suitable for an institutional purchaser; and a parent guarantees to synthesize the more usual contractor warranty scenario. Fairview had not appointed a contractor but built ‘in-house’ appointing specialist sub-contractors.