Our Clients

Case Studies

Successful Court of Session action

Acting for Tenants, CBS Outdoor, we were successful in a Court of Session action raised by the Landlords against our clients who were Tenants of premises in Livingston.  The Tenants had a break option with certain conditions.  Following the service of a Notice on behalf of the clients taking up the option to terminate the Lease early the Landlords’ Solicitors intimated to the Tenants that the Landlords considered the exercise of the option to be invalid and in particular that the Tenants had not complied with their obligations in terms of the break clause and that the Lease was to continue.

The action by the Landlords was one of declarator that the Tenants had not validly terminated the Lease.  The case turned on the Landlords’ assertion that the required final payments had not been made.  The Court concluded that it was not possible to arrive at a construction that imposed any obligation on the Tenants other than those that had been implemented by them.  Accordingly the decision went in their favour and the Lease was held to be as at an end.  This was a reported case signifying new law and one of many examples of situations where we are required to robustly enforce our clients’ rights and remedies under leases of commercial premises.

Clients

Recent Deals

  • Acting on behalf of a private investor established in the restaurant business, we dealt with the Scottish property aspects of the acquisition of the business of The Handmade Burger Company, securing the future of 20 restaurants and safeguarding 530 jobs.  We were required to co-ordinate with our English counterparts and the administrators’ solicitors in order to ensure the deal was successfully completed within an extremely tight timescale.
  • We acted for a subsidiary of Leeds-based leading property investment and development company Town Centre Securities plc in the sale of Empire House, a mixed-use investment in Glasgow city centre, for £17.5M.
  • We acted at the Scottish end of a portfolio purchase and leaseback transaction by London-based private investors involving more than 40 properties in total for an overall consideration in excess of £30M with a strict vendor-imposed timetable for completing due diligence and exchanging.
  • Acting on behalf of overseas investors we purchased a portfolio of 60-plus residential properties in the Scottish Borders under tight time restraints.
  • Acting on behalf of private Manchester-based clients, we dealt with the sale of a government-let office investment at Gyle Square Edinburgh at a price of £48.3M.
  • We represent Tapi Carpets and Floors in the rollout of their Scottish store-opening programme.
  • On behalf of retained clients, Q-Park, we acquired a long lease of the 990-space multi-storey car park at the Omni, Edinburgh.  After an initial 2-year concessionary period the annual rent will be in excess of £1M per annum subject to annual reviews with collar/cap.
  • Acting on behalf of Bridges Ventures we advised on the Scottish property aspects of a UK-wide acquisition of 50 business centres with a total value of £84M.  This complex transaction involved in excess of 2000 business tenants operating out of a variety of properties across the country.
  • Continue to act for Town Centre Securities PLC in the management of their significant Scottish property portfolio.
  • We represented a BVI company in its acquisition of a £40M multi-let investment property portfolio substantially let to the Royal Bank of Scotland, conducting all related property and banking work.
  • We handled an inter-group re-organisation for offshore clients with associated refinancing and a subsequent securitisation-based refinancing, involving a portfolio of UK office buildings worth in excess of £200M including four office developments in Edinburgh and Aberdeen valued alone at more than £130M.
  • On behalf of News International, publishers of the Times and the Sun, we acquired a development site at Eurocentral, Lanarkshire, for their state-of–the-art printing press.
  • We acted on behalf of Helical Bar plc and its Joint Venture Partner in the sale (via a disposal of the shares in the offshore holding company) of the long leasehold interest in Clyde Shopping Centre, Clydebank, valued at around £70M.  The Centre comprises approximately 120 shops, 6 anchor stores, cafes, a multiplex cinema and 1700 parking spaces.