ADVISERS

DAVID PATERSON
HERBERT SMITH

David Paterson, a partner and head of corporate at law firm Herbert Smith, was the lead legal adviser acting for Hammerson on the sale of its London portfolio.

Paterson, who joined the firm in 1986, is longstanding adviser to Hammerson, acting on its £584m rights issue and on its conversion to a real estate investment trust. His impressive credentials span a range of sectors and include advising Tata Motors on the $2.3bn acquisition of Jaguar and Land Rover from Ford Motor Company and TUI Travel on its creation after the £3bn merger of First Choice Holidays with TUI AG.

He was joined on the deal by fellow lawyer Jonathan Solomon, head of real estate at Clifford Chance, who earlier this year was involved in advising Canary Wharf Group on its £90m acquisition of Wood Wharf from Ballymore Properties.

Mike Edwards, executive director for central London at CBRE and a team from Deutsche Bank and Nabarro Bank were also among Hammerson’s long list of advisers.

Meanwhile, GM Real Estate, Freshfields and KPMG acted for Brookfield on its purchase.