ManishaDesai

Solicitor

London + 44.20.7039.5835

Manisha Desai has over 15 years' experience in a wide range of commercial real estate matters. She has acted for institutional investors, corporate occupiers, and developers in relation to retail, industrial, and office premises. She also has acted on the property aspects of corporate transactions and on auction sales.

Her recent work involves acting for Hansteen on acquisitions and disposals, the grant and renewal of leases (rents ranging to £380,000), agreements for lease with respect to landlord's works, other management matters for their portfolio of industrial estates, and on their purchase of an industrial estate in Telford for £2.3 million subject to eight leases and their sale of part of an industrial estate in Billingham for £6.65 million subject to two leases. Her other representative clients include The British Land Company, Goodman UK Limited, and London Metric.

In addition, Manisha has worked as a professional support lawyer (PSL), where her role included updating precedent documents, arranging training for lawyers, and writing internal update bulletins. She joined Jones Day in 2014 after having worked at leading city firms.

Experience

Hansteen Holdings and associated group entities acquire 34 properties from St Modwen Properties Plc and associated group companies
Jones Day represented Hansteen Holdings Plc and group entities on its £53.7 million ($68.2 million) acquisition of 34 properties from St Modwen Properties Plc and associated group companies.

Hansteen Holdings obtains £65 million revolving credit facility
Jones Day advised Hansteen Holdings PLC in connection with a £65 million (US$100.7 million) revolving credit facility provided by The Royal Bank of Scotland plc acting as agent for National Westminster Bank Plc.

Hansteen sells HPUT II for £192.1 million (US$301.7 million)
Jones Day advised Hansteen Holdings PLC in connection with its £192.1 million (US$301.7 million) sale of Hansteen UK Industrial Property Unit Trust II, a UK multi-let predominantly industrial property portfolio, to a fund advised by Brockton Capital LLP in a partnership with Dunedin Property.

Hansteen sells HPUT for £146.1 million (US$231.9 million)
Jones Day advised Hansteen Holdings PLC in the sale of the Hansteen UK Industrial Property Unit Trust ("HPUT"), a UK multi-let industrial property portfolio, in two transactions for a total of £146.1 million (US$231.9 million) after the deduction of rental top-ups.

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