RichardAdams

Counsel

London + 44.20.7039.5311

Richard Adams practices planning law and has more than 15 years of experience representing clients on a range of planning and planning enforcement matters. He has extensive experience with planning agreements, including affordable housing obligations, and assessing planning situations for proposed purchases by clients. Richard also advises on highways law, including the stopping-up of highways in development scenarios.

Richard represents clients such as British Land, Greystar, and LondonMetric. He recently advised Greystar in successfully procuring planning permission for 1,965 new homes to regenerate the site of the former Glaxo factory in Greenford, London. He also advised Greystar as to their proposed residential towers at Essex House, Croydon.

Richard advises British Land on a range of retail properties, having assisted them in securing over 22,000 square meters of retail floor space at Whiteley in Hampshire. He is currently advising British Land on their proposed Drakes Circus Leisure development in Plymouth city center.

Between 2004 and 2006, Richard was involved in advising West Midlands International Airport Limited regarding planning issues at Coventry Airport, in particular the proposed development of a passenger terminal for two million passengers annually, which was the subject of two major public inquiries, including the longest planning enforcement appeal in history.

Richard also acted for Highcross in securing permission for a major mixed-use scheme of approximately 100,000 square meters at Lakeside Business Park, Portsmouth, comprising (among other elements) significant office floor space, an aparthotel, and a private medical facility.

Experience

  • Macquarie acquires Euston Solar FarmJones Day advised Macquarie in the acquisition of 100% of the shares in Euston Solar Farm Limited, a UK-based renewable energy developer focused primarily on the development of utility-scale solar plants.
  • Sun Communities Inc. acquires Park Leisure 2000 Ltd.Jones Day advised Sun Communities, Inc. in the £186 million acquisition of Park Leisure 2000 Ltd. from Midlothian Capital Partners.
  • Macquarie Asset Management acquires 50% shareholding in Island Green PowerJones Day advised Macquarie Asset Management ("MAM"), via Macquarie Green Investment Group Renewable Energy Fund 2 ("MGREF2"), in its acquisition of 50% of the shares in Island Green Power Limited, a UK-based renewable energy developer focused primarily on the development of utility-scale solar plants.
  • Cain International provides £261.5 million development loan to Shinfield Studios to finance construction of film and television production facility in ReadingJones Day advised Cain International in connection with a £261.5 million development loan provided to Shinfield Studios to finance the construction of a film and television production facility in Reading.
  • Sun Communities acquires Park Holidays UK for $1.3 billionJones Day advised Sun Communities, Inc. on its acquisition of Park Holidays UK for approximately $1.3 billion.
  • Greystar acquires five high-quality UK assets for £388 millionJones Day advised Greystar Real Estate Partners, LLC in the £388 million acquisition of four purpose built student accommodation ("PBSA") assets and one build-to-rent ("BTR") asset from Downing.
  • Greystar forms strategic partnership of up to £2.2 billion with ADIA to develop build-to-rent in London and acquires Fizzy Living for £400 millionJones Day represented Greystar Real Estate Partners, LLC in connection with the formation of a strategic partnership with Abu Dhabi Investment Authority (ADIA), targeting the acquisition and development of c.£2.2 billion of build-to-rent (BTR) assets in London, UK and surrounding commuter towns.
  • Ensign-Bickford Industries acquires Cawood Scientific LimitedJones Day advised Ensign-Bickford Industries, Inc. on its acquisition of Cawood Scientific Limited (Cawood).
  • MassMutual partners with Low Carbon to accelerate transition to renewable energyJones Day advised Massachusetts Mutual Life Insurance Company (MassMutual) on its debt and equity investment in Low Carbon Energy Holdings Limited (“Low Carbon”), a subsidiary of Low Carbon Limited, an established pan-European renewable energy developer and fund manager.
  • Entity advised by Henley Investment acquires Bedfont Lakes, New Square office parkJones Day represented an entity advised by Henley Investment Management Limited in connection with its acquisition of the Bedfont Lakes, New Square office park near Heathrow airport and the establishment of a joint venture with Sixth Street.
  • Pictet Alternative Advisers acquires three Grade II listed office buildings in ManchesterJones Day represented Pictet Alternative Advisers SA in connection with the £119 million acquisition of three Grade II listed office buildings in Manchester, United Kingdom from Helical Plc and continues to act on the acquisition financing with Helaba and establishment of a joint venture with XLB Property.
  • Greystar acquires £291 million portfolio of UK student accommodations from Nido portfolioJones Day represented Greystar Real Estate Partners, LLC in the £291 million acquisition of five purpose-built student accommodation ("PBSA") assets from the Nido portfolio.
  • Henley Investments acquires Regent Retail Park in Salford, EnglandJones Day advised Henley Investment Management Limited in its £16 million acquisition of Regent Retail Park, a 116,000 sq. ft. retail park in Salford, England.
  • Goldman sold iQ Student Accommodation dorms to Blackstone for £4.66 billionOn May 15, 2020, Jones Day clients Goldman Sachs Merchant Banking Division and the Wellcome Trust completed the sale of iQ Student Accommodation to Blackstone for £4.66 billion (US$5.73 billion), representing the largest ever private real estate transaction in the UK.
  • CBRE Global Investment Partners acquires 25% of Cityhold Office Partnership ("CHOP")Jones Day advised CBRE Global Investment Partners in its 25% acquisition of the interests in CHOP valued at approximately €625 million from TIAA-CREF (largest U.S. life insurance company) advised by Nuveen Real Estate (an independent subsidiary of TIAA-CREFF) which also provides investment management services to CHOP.
  • Blackstone Group provides £120 million for refinancing of One Embassy Gardens office scheme in Nine ElmsJones Day represented The Blackstone Group in connection with the £120 million refinancing with Ballymore for its One Embassy Gardens office scheme in Nine Elms.
  • Delancey and APG Joint Venture acquires Earls Court for £425 millionJones Day represented Earls Court Investment Holdings Ltd, a subsidiary of a joint venture between a fund advised by Delancey and APG on behalf of its pension fund clients, in connection with its £425 million acquisition of EC Group Holdings Limited from a subsidiary of Capital & Counties Properties Plc.
  • Joint administrators of Angelic Interiors seek insolvency advice relating to Triangle Site assetsJones Day acted for the joint administrators of Angelic Interiors Limited (in administration) in relation to a number of applications made under the Insolvency Act 1986.
  • Pinewood Group lets part of Pinewood Studios to Walt DisneyJones Day advised Pinewood Group Limited in respect of the letting of part of Pinewood Studios to Walt Disney for an undisclosed rent.
  • Greystar and Henderson Park obtain £385 million facility from Cain International for acquisition and development of residential project located in LondonJones Day represented Greystar Real Estate Partners, LLC and Henderson Park in connection with a £385 million facility from Cain International to support the acquisition and development of an 894-home build-to-rent (BTR) residential project located in Nine Elms, London.