ClaireKelly

Associate

London + 44.20.7039.5132

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Claire Kelly has experience in a broad range of commercial real estate, with a particular emphasis on complex development transactions. She has acted on a number of logistic warehouse and City of London developments as well as numerous real estate financings, portfolio deals, corporate real estate transactions, forward fundings, and all aspects of asset management.

Claire's practice includes out of town retail, logistics warehouses, student accommodations, shopping centres, hotels, and residential and office buildings. She has advised such clients as British Land, CBRE, Delancey/DV4, Greystar, LondonMetric, OCBC, Oxenwood, and Procter & Gamble.

Claire's recent experience includes acting for DV4 on the regeneration of Elephant & Castle; advising LondonMetric on the acquisition, development, and letting of a 357,000 sq. ft. logistics warehouse; advising Oxenwood Real Estate's joint venture with a Canadian institutional investor on the acquisition of the Ultrabox logistics portfolio for £286 million; advising British Land on the sale of Power Court, Luton; and advising Antirion SGR in relation to the acquisition of 50 percent of Brookfield's Principal Place development as a new Amazon HQ in London.

Experience

  • 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.
  • 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.
  • DV4 and Oxford Properties form DOORJones Day advised DV4 Ltd (“DV4”), which is advised by Delancey Real Estate Asset Management Ltd, on the sale of DV4's interests in Get Living, the UK’s leading privately backed residential company, to Delancey Oxford Residential (“DOOR”) a new co-investment platform with initial capital commitments of £600 million; the establishment of DOOR, which includes the joint venture between DV4 and Oxford Properties; and on real estate matters related to the London scheme, Elephant Central in Elephant and Castle which is part of the Get Living portfolio.
  • L1 Retail acquired Holland & Barrett from The Nature's Bounty Co. and The Carlyle Group for £1.77 billion (US$2.25 billion)Jones Day advised L1 Retail, the retail investment arm of LetterOne, on its acquisition of Holland & Barrett, Europe's largest health and wellness retailer, from The Nature's Bounty Co. and The Carlyle Group for £1.77 billion (US$2.25 billion).
  • 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 land for Luton Town Football Club's relocationJones Day advised The British Land Company PLC in its sale of Power Court site to 2020 Developments (Luton) Limited (sister company of Luton Town Football Club). 2020 Developments acquired the property to facilitate wider plans for the Luton Town Football Club's relocation.
  • Goldman Sachs, Wellcome Trust, and Greystar launch £2 billion (US$2.8 billion) student housing companyJones Day advised the REPIA division of Goldman Sachs International in connection with the formation of the £2 billion (US$2.8 billion) student housing business to be known as the Vero Group.
  • True Capital Partners advise on completed sale of HLC (Wood Products) Ltd. to Scott GroupJones Day represented True Capital Partners LLP in connection with the sale of HLC (Wood Products) Ltd., a manufacturer of wood pallets, to Scott Group.
  • Hansteen acquires seven multi-let offices and portfolio of five industrial estatesJones Day advised Hansteen UK Industrial Property Unit Trust II in connection with the acquisition and related financing of a portfolio of seven multi-let offices and a portfolio of five industrial estates with a combined purchase price of £36.2 million (US$57.9 million).
  • Goodman Real Estate Services completes sale of entire interest in Colworth Park Limited Partnership to Wrenbridge (Colworth Purchase) LimitedJones Day represented Goodman Real Estate Services (UK) Limited in connection with the sale, alongside Unilever U.K. Central Resources Limited, of their entire interest in Colworth Park Limited Partnership to Wrenbridge (Colworth Purchase) Limited, a special purpose vehicle wholly owned by Palmer Capital.
  • LondonMetric forms joint venture with LVS II Lux X S.a r.l. for £175 million acquisition of portfolio of 27 commercial propertiesJones Day advised LondonMetric Property Plc in connection with a joint venture with LVS II Lux X S.a r.l. for the £175 million (US$287 million) acquisition of a portfolio of 27 DFS commercial properties from the administrators of Delphi Properties Limited.
  • LondonMetric Property sells One Fleet Place for £112.5 million ($179.2 million)Jones Day advised LondonMetric Property Plc in the sale of One Fleet Place, London, to One Fleet Place Realty Limited, a wholly owned subsidiary of a Far Eastern multinational corporation, for a consideration of £112.5 million ($179.2 million).
  • LondonMetric completes sale of 11 distribution assets to joint venture between Prologis Europe and Norges Bank Investment Management for £247.56 (US$378.96 million)Jones Day advised LondonMetric Property Plc in connection with its sale of 11 distribution assets to a joint venture between Prologis Europe and Norges Bank Investment Management.
  • British Land completes sale of The Beehive Centre to Orchard Street for £109.2 millionJones Day advised The British Land Company PLC in connection with its £109.2 million (US$176.2 million) sale of The Beehive Centre in Cambridge to Railway Pension Nominees Limited, as advised by Orchard Street Investment Management LLP.
  • Hansteen Holdings acquires Horndon Industrial Park from Joint Administrators of Easter Investments Three LimitedJones Day advised Hansteen Holdings PLC in its acquisition via Hansteen Property Investments Limited of Horndon Industrial Park, Essex from the Joint Administrators of Easter Investments Three Limited.
  • British Land sells interests in Hercules Income FundJones Day advised British Land, BIS and the BT Pension Scheme on the sale of their interest in Hercules Income Fund (HIF) to clients of LaSalle Investment Management, which is now the sole owner of HIF.
  • Ryder acquires Hill Hire for £154 million (US$252 million)Jones Day advised Ryder System, Inc. in its stock acquisition of Hill Hire plc, a United Kingdom based commercial truck leasing, rental and maintenance provider, for approximately £154 million (US$252 million).
  • TEG Group completes acquisition of Simpro Limited and related fundraising on AIMJones Day advised The TEG Group plc, a cutting edge green technology company, which develops and operates organic composting and energy plants throughout the United Kingdom, in connection with the acquisition of Simpro Limited, an independent owner of six composting sites based in the Midlands and a related placing to institutional shareholders on AIM to finance the acquisition.
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