Berwin Leighton Paisner advises on £517.2m takeover of Tops Estates
10 May 2005
Berwin Leighton Paisner (BLP) advised Tops Estates Trust of Property Shares (a quoted investment trust that holds shares in Tops Estates) and the founding family of Tops Estates on the recommended cash offers (with loan note alternative) for the shares and convertible unsecured loan stock of Tops Estates by Land Securities. The offers represent an enterprise value for Tops Estates of approximately £517.2m.
Tops Estates is a specialist investor in town and city centre shopping centres. Tops Estates’ property portfolio comprises shopping centres with a total gross area of approximately 230,000 square metres in seven locations. The acquisition of Tops Estates will strengthen Land Securities’ position in the retail sector further.
The core BLP team was led by John Bennett, who was assisted by Robert Salter.
If you would like further information please contact our PR Manager by email at press@blplaw.com.
Tops Estates is a specialist investor in town and city centre shopping centres. Tops Estates’ property portfolio comprises shopping centres with a total gross area of approximately 230,000 square metres in seven locations. The acquisition of Tops Estates will strengthen Land Securities’ position in the retail sector further.
The core BLP team was led by John Bennett, who was assisted by Robert Salter.
If you would like further information please contact our PR Manager by email at press@blplaw.com.