BradFearn

Associate

London + 44.20.7039.5313

Brad Fearn advises on construction and engineering law providing clients with transactional advice on real estate development and infrastructure projects. He advises on contractual and noncontentious issues on construction, engineering, and infrastructure schemes in the United Kingdom and abroad. Brad has advised and negotiated PFI and PPP agreements and related documents in the health care, rail, education, energy from waste, and defense sectors. He has acted for a wide range of clients including private and public sector employers, main contractors, joint ventures, and funders. Brad advises on methods of procurement and on bespoke and standard form construction contracts, development agreements, framework agreements, collateral warranties, performance bonds, guarantees, and consultant appointments. He also has advised purchasers and vendors on due diligence in corporate and real estate transactions.

Brad represents clients such as British Land, Greystar, London Metric, and Oxenwood. He recently advised developers and funders in a number of large-scale, mixed-use residential/commercial developments in the United Kingdom that involved construction documents and security and interactions with agreements for lease and funding agreements. He also has advised developers on projects in the hotel and data center sectors.

Brad is a member of the Society of Construction Law (SCL). He has lectured at the SCL, at King's College London, and at the master's project management and construction cost management programs at the University of Reading. He also has contributed articles to the industry press.

Experience

  • Goldman to sell iQ Student Accommodation dorms to Blackstone for £4.66 billionJones Day is representing Goldman Sachs and The Wellcome Trust in connection with the £4.66 billion sale of the UK focused iQ Student Accommodation student housing property portfolio and business to Blackstone.
  • 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.
  • Delancey and APG Joint Venture acquires Earls Court for £425 million (US$546.3 million)Jones 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 (US$546.3 million) acquisition of EC Group Holdings Limited from a subsidiary of Capital & Counties Properties Plc.
  • Greystar recapitalizes Chapter student accommodation portfolio in Central LondonJones Day advised Greystar Real Estate Partners, LLC in a recapitalization of its and PSP’s Chapter portfolio of student accommodation properties, one of the largest in Central London, by consolidating the portfolio under a new joint venture in which Allianz acquired an interest.
  • Hansteen Holdings and associated group entities acquire 34 properties from St Modwen Properties Plc and associated group companiesJones 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.
  • Oxenwood sells portfolio of prime logistics properties in UK to Ascendas ReitJones Day advised Oxenwood Real Estate, in a joint venture with Catalina Holdings, on the sale of a portfolio of prime logistics properties in the UK to Ascendas Reit for £207 million ($264.6 million).
  • LondonMetric acquires portfolio of 10 single-let properties from The ACT FoundationJones Day advised LondonMetric Property Plc in connection with its £55 million acquisition of a portfolio of 10 single-let properties consisting of 9 urban logistics assets and a retail store from The ACT Foundation.
  • Hercules Unit Trust forms joint venture with M&G Real EstateJones Day advised Hercules Unit Trust in its simultaneous acquisition of the Fort Kinnaird retail park in Edinburgh by a new joint venture formed between Hercules Unit Trust (HUT) and M&G Real Estate and sale of the Gallagher retail park in Cheltenham to The Crown Estate.
  • Cement Invest acquires from HeidelbergCement 50 percent of its Georgian businessJones Day advised Hunnewell Partners, in connection with its formation of Cement Invest B.V., a joint venture with the Georgian Co-Investment Fund, and Cement Invest’s acquisition from HeidelbergCement Central Europe East Holding B.V. of 50 percent of the voting interests in its Georgian business.
  • Greystar acquires site to develop 200+ bed student housing property in Islington, London by way of joint ventureJones Day advised Greystar Real Estate Partners, LLC on the acquisition and development of a 200+ bed student housing property in Islington together with the formation of a joint venture by way of a Jersey unit trust to carry out such development.
  • Greystar obtains financing for development of purpose built student accommodation in LondonJones Day advised Greystar Real Estate Partners, LLC in connection with a development and investment term loan facility in respect of purpose built student accommodation in London.
  • Oxenwood Real Estate acquires £286 million (US$366.9 million) Ultrabox logistics portfolioJones Day advised Oxenwood Real Estate LLP on its joint venture with a Canadian institutional investor and the acquisition by that joint venture of the Ultrabox portfolio of nine prime logistics assets in the UK totaling 3.87 million sq. ft. for £286 million (US$366.9 million).
  • CBRE GIP's European Co-Investment Fund acquires portfolio of assets from Prologis UKJones Day advised CBRE GIP's European Co-Investment Fund (a Dutch incorporated fund) in relation to the acquisition of a portfolio of 22 UK logistics assets (mix of development and stabilized assets) and circa 20 associated property holding companies and management companies, and the formation of an associated 85/15 joint venture with Prologis UK.
  • Antirion SGR acquires 50 percent interest in Principal PlaceJones Day advised Antirion SGR S.p.A. in its acquisition of a 50 percent interest in Principal Place Commercial Limited, a Luxembourg resident SPV wholly owned by Brookfield Property Partners.
  • British Land sells flagship Debenhams store in Manchester, Clifton Moor Shopping Centre in York and Westgate Retail Park in WakefieldJones Day advised The British Land Company PLC with its sale of the flagship Debenhams store in Manchester, Clifton Moor Shopping Centre in York and Westgate Retail Park in Wakefield to BMO Real Estate Partners for £191 million (US$238 million).
  • PW Real Estate Fund III completes £323.3 million (US$419.4 million) cash offer for Pinewood GroupJones Day advised PW Real Estate Fund III, LP, which was advised by Aermont Capital LLP, in relation to the £323.3 million (US$419.4 million) cash offer for the entire issued share capital of Pinewood Group plc, the AIM listed company which owns the Pinewood Studios business.
  • DV4 forms joint venture with APG Asset Management and Qatari Diar Real Estate Investment Co. to create £1.4 billion (US$2 billion) home rental business in London with 4,000 homesJones Day represented DV4 Limited, which is advised by Delancey Real Estate Asset Management Limited, in connection with the formation of a £1.4 billion (US$2 billion) joint venture with APG Asset Management NV and Qatari Diar Real Estate Investment Co., to create a home rental business in London, with properties in the former Olympic athletes' village and the Elephant & Castle district.
  • Greystar obtains financing for 600+ bedroom student accommodation property at Sherwood Court in LondonJones Day advised Greystar Real Estate Partners, LLC, a provider of multifamily property management, development, and investment services in the United States, in connection with the purchase, development, and financing of a 600+ bedroom student accommodation property at Sherwood Court, Lewisham, London.
  • Wells Fargo provides construction financing to developer in connection with UK mixed-use projectJones Day advised Wells Fargo Bank, National Association in connection with the £54 million (US$82.3 million) construction financing provided to a developer in connection with the development of a mixed-use property in the UK.
  • British Land sells three UK retail parks and shopping centers to Legal & General GroupJones Day advised The British Land Company PLC in connection with the £219.6 million ($331.9 million) sale of three UK retail parks and shopping centers to Legal & General Group PLC.
  • Additional Publications

    Publications Prior to Jones Day

    2011

    Lessons from the Green Gulf, Civil Engineering Surveyor, February 2011, Article assessing approaches to sustainable development in the Gulf.

    December 2010

    Hurt at Work, Estates Review, December 14, 2010, Article examining the effects the recent spending review could have on the commercial property industry and what potential opportunities can be seized upon to make the most of a bad situation.

    September 2010

    Green Clauses — the new ties that bind, Construction Manager, September 14, 2010, As energy targets become linked to clients' cold, hard cash, there’s a risk that new areas of loss and litigation could open up.

    June 2010

    Rising Contractual Obligations, Estates Review, June 15, 2010, Article outlining the details of new developments from the Joint Contracts Tribunal that place sustainability and environmental concerns at the heart of new business for the construction industry.

    April 2009

    Behind the green façade — UK development and sustainability, Estates Review, April 16, 2009, Article investigating how much the U..K development industry really focuses on sustainability.

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