Nick Mumby Partner

Nick Mumby

Nick Mumby advises in relation to all aspects of real estate work, with a particular expertise in complex development projects. He has acted on acquisitions, disposals, developments, planning, leasing, financing and the real estate aspects of corporate transactions.

Nick has worked extensively for corporate vehicles (especially Luxembourg structures) and property funds. He also advises institutional development companies, house-builders, debt-funds and family offices. His experience of acting for both developers and lenders has given him a deep insight into the differing requirements of the various parties and allows him to identify the issues which may arise.

Among Nick's highlights is the acquisition, development, letting and disposal of Aldgate Tower. This included the first major speculative construction financing obtained after the 2007 financial crash and bespoke refinancing to repay the existing investors and re-gear the holding structure. It also involved an innovative security package in the leases to WeWork and Uber. Another of Nick's highlights was the innovative deal structure he put in place to unlock the Chilmington Green development.  This included working with many stakeholders (from blue-chip developers, to local authorities and farmers) to ensure all of their needs were met.

Nick has been individually recommended for commercial property law by Legal 500 and was nominated for Real Estate Team of the Year for his work on the Chilmington Green Development.

Experience

• Acting on the acquisition, development, financing, letting and disposal of Aldgate Tower. Aldgate Tower provides 317,000 sq ft of office space and is a multi-let building. The tenants include WeWork, Uber, AECOM, Williams Lea and the Intellectual Property Office. The sale was structured by selling the shares in the corporate special purpose vehicle which held the property for the sum of £346 million.
• Acting on strategic land acquisition at Chilmington Green. The acquisition was financed by facilities provided by Homes England, Paragon and Close Brothers. The project involved restructuring the existing options which were in place across the site and entering into collaboration agreements with four other developers. The scheme will deliver 5,750 houses across four phases, along with new schools, local amenities and a new high-street. The gross development value of the project is in excess of £2 billion.