Nick Mumby
Nick advises in relation to all aspects of real estate work, with a particular expertise in complex development and regeneration projects, including major infrastructure projects. He acts for a mix of private developers, public companies and local authorities and has advised on acquisitions, disposals, developments, planning, leasing, financing and the real estate aspects of corporate transactions. Nick's 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.
His broad client base means that he has acted on major city-office developments, sub-urban housing and regeneration projects, logistics centres and hotels. He also acts on major residential development projects. Nick has particular expertise in dealing with complex title issues (such as restrictive covenants and easements) and advising on developments in locations near to transport infrastructure. Among Nick's highlights is his leadership of the Chilmington Green project for Hodson Developments (a 6,000-unit housing development scheme) which led to a nomination for Real Estate Team of the Year.
Highlights
In 2021, Nick advised Aldgate Developments on the sale of their interest in One Braham, London E1 to Union Investments for a purchase price in excess of €500million. This is the largest single property transaction in London this year. He has led the team advising on all aspects of the development over the past 10 years, including the construction finance with Starwood Real Estate and the pre-let of the whole building to BT plc for their new global HQ.
Nick advised long-standing clients U+I on its public private partnership with Transport for London relating to the development of The Liberty of Southwark. The transaction was structured as a forward funding with Land Securities investing 100% of the financing to bring forward the development. The Liberty will provide more than 160,000 sq ft of new office space, plus shops, restaurants, cafés, flexible small business workspace and new homes.
Among Nick's recent highlights is working on the Chilmington Green project for Hodson Developments and advising Southend-on-Sea Borough Council on a partnership with Southend United FC to deliver the football club a new stadium and redevelop Roots Hall and on its acquisition of Victoria Shopping Centre.
In addition, Nick has advised US Private Equity firm Clear Sky Capital on their entry to the UK investment market through their two Canadian listed funds, Padlock Fund I and Padlock Fund II. The two funds are established to invest into the self-storage market and have been fully deployed across nine assets. The investment was structured as a mixture of asset acquisitions, trading company acquisitions and development projects.
Clients
His clients include major developers (U + I and Quintain), investment funds (Clear Sky Capital, AnaCap Financial Partners and Starwood European Real Estate), debt-funds (BentallGreenOak and ICG Longbow), development and investment managers (Aldgate Developments and Maya Capital) and local authorities (Southend Borough Council, London Borough of Barnet and Wokingham Borough Council).
He also acts on major residential development projects and his clients include Hodson Developments, BlackOnyx, Claremont Finesse and Oakwood Group.