Temple Bright helps Tilstone grow UK real estate base
Innovative law firm Temple Bright has advised Tilstone Investments LLP on a series of significant real estate transactions, assisting Tilstone in growing its portfolio in both the industrial and out of town retail property markets.
The acquisitions mark Tilstone’s growing presence the UK real estate market, bringing with it years of experience under the leadership of Andrew Bird.
Temple Bright has acted on several confidential deals as well as the acquisition of industrial estates at Vantage Point and Sussex Avenue in Leeds and at Jensen Court in Runcorn.
Temple Bright’s real estate partner Andrew Conway commented: “We’re delighted to have advised Tilstone on a number of transactions which are highly significant for them in growing their property asset base throughout the UK. It has been a pleasure to work with them and we are looking forward to assisting with their next phase of growth.“
Andrew Bird said: “Growing our portfolio over the last 12 months has been a key priority in order to secure a core level in sustainable income, and there has been a lot to consider from both a strategic and a practical point of view. We have greatly appreciated the approach taken by Temple Bright, who have been nimble and pragmatic at every stage and have greatly assisted us in bringing our transactions to a swift conclusion.“
Temple Bright’s work with Tilstone represents its first high profile real estate work from the London office which the firm opened in early 2013. Deploying technology and an innovative partner-only business model, the firm has swiftly gained a reputation for punching above its weight.
The firm’s main focus to date has been on the technology cluster around Old Street’s “Silicon Roundabout” where its London office is based, but recent developments signal a broadening of its ambitions. In recent weeks Temple Bright has announced its recruitment of a team of leading renewable energy lawyers from Nabarro, led by Tom Bainbridge, as well as SJ Berwin’s former head of outsourcing David Meredith. The growth of its London real estate practice, led by Andrew Conway, continues this widening focus.
Temple Bright’s co-founder Tim Summers commented: “Having established a strong base in London’s technology community, we are now seeing a lot of interest in our fresh approach from clients across a broad range of sectors. We’re delighted to be advising clients like Tilstone on substantial property work throughout the UK, as it demonstrates the robustness of our model and the calibre of our people.“
Temple Bright’s London office on Rivington Street, EC2 now has 11 partners, all from City firms including Freshfields, Jones Day, Taylor Wessing, Herbert Smith Freehills, Nabarro, Simmons & Simmons, SJ Berwin, Slaughter and May and Travers Smith. These lawyers complement the 16 partners based in the firm’s office in Bristol.
This article appeared on the Bdaily website on 18 July 2014.