International legal practice Norton Rose LLP today announced that Duncan Hubbard is to join the banking practice in London as a real estate finance partner on 21 February 2011. Duncan joins from Nabarro, where he has been a partner since 2005.
Duncan specialises in real estate finance, acting for financial institutions, funds and real estate private equity clients. In recent years, he has advised on some of the largest real estate finance transactions in the UK market, including financing the acquisition of 30 St Mary Axe (the “Gherkin”). He is particularly active in advising German commercial and real estate banks with extensive knowledge of the German covered bond market and the German Investment Act rules.
Jeremy Edwards, partner and group head of banking at Norton Rose LLP, comments:
“Duncan brings with him a skill-set that fits very neatly with our vision for our international banking practice. Duncan has an outstanding track record in advising banks on a mix of complex, large cap deals as well as transactional matters. His practice of established banks and real estate financiers opens up new opportunities to further strengthen our European and global real estate financing offering.”
Lindsay Morgan, partner and group head of real estate at Norton Rose LLP, comments:
“Duncan’s arrival comes at an important time. The real estate market, both in London and globally, has seen a quickening of pace as recovery becomes more widespread and concrete and refinancing becomes more prominent. Duncan has built impressive and strong relationships with a number of major German financial institutions, which are being very active in the UK and across Western Europe in the real estate market. Duncan’s addition to the team puts us in a great place to be able to continue delivering on some of the sector’s biggest deals.”
Duncan Hubbard comments:
“Norton Rose has strong and highly regarded international banking and real estate practices. Their global platform, offering seamless access to the strong Norton Rose real estate banking specialists in other markets, will be very appealing to my clients.”
Norton Rose LLP’s real estate finance practice has concluded a busy 12 months by acting for Schroder’s West End of London Property Unit Trust on its 5-year £230 million refinancing by Deutsche Bank AG, London Branch, and Eurohypo AG, London Branch; and for Park Plaza Hotels Limited on the £165 million refinancing of three London hotels operated by Park Plaza: the Park Plaza Riverbank and the Plaza on the River Suites; the Park Plaza Victoria; and the Park Plaza Sherlock Holmes.
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