Clifford Chance logo
Clifford Chance

Real Estate 2008 (2)

View full ranking
Choose from rankings list Next
Rankings at a glance
Award LevelCommended
InnovationAdvising Banco Santander on Project Brick, a €1.9bn transaction, the largest sale and leaseback in mainland Europe.
Originality6
Rationale5
Impact5
Total16
DescriptionIn advising the bank on the sale and 40-year leaseback of its Madrid headquarters, the firm had to develop a new form of lease and write-in options for the vendor to buy-back and to build on the land.

Real Estate 2008

View full ranking
Choose from rankings list
Rankings at a glance
Award LevelHighly commended
InnovationAdvising a Qatari investment company on £1.25bn acquisition and Islamic financing of Chelsea Barracks. The highest value UK land acquisition to date.
Originality7
Rationale6
Impact6
Total19
DescriptionThe acquisition of a landmark piece of Chelsea real estate with Islamic finance. With no real estate financing precedent on this scale, the legal team put together a sale and leaseback agreement using an Ijara, an Islamic financial instrument. The site is now being developed by CPC, the Guernsey-based developers.