David Seymour

Partner

seymour
  • LPC, Nottingham Law School, 2004
  • LLB, First Class (Hons.), University of Manchester, 2003

Qualifications

  • England and Wales, Solicitor, 2007
  • Law Society of England and Wales (2007)
  • UK Legal 500 (2015)
  • Legal 500 – Real Estate/Property Finance, Recommended (2015)

David Seymour

Partner

David Seymour is a partner in Ropes & Gray’s real estate investments & transactions group in London. David has a broad practice advising investors and lenders on a variety of real estate transactions across the risk spectrum and geographies. He has extensive experience of the principal real estate transaction types including joint ventures, co-investments, direct and indirect acquisitions/disposals, sale and leasebacks, development projects, leasing, outsourcing and financings.

He advises on all types of distressed and non-distressed assets including major offices, hotels, stadia, airports, hospitals, care homes, private rented schemes, student accommodation, shopping centres, business parks, retail, leisure and industrial assets.

Experience

Recent Experience Includes Advising:

  • Dutch pension fund APG on its acquisition of a 75 per cent. interest in a joint venture with TH Real Estate, with a combined equity commitment of c.£800 million, to develop the £1 billion 1.7 million sq.ft. St James Centre in Edinburgh, one of the UK’s largest private regeneration projects. Edinburgh St James will comprise 850,000 sq. ft. of retail space, anchored by John Lewis, a 30-screen cinema, a world class W Hotel comprising 214 rooms, up to 250 private apartments, 20 restaurants and 1,600 car parking spaces

  • A sovereign wealth fund on its 50:50 joint venture with Brookfield in relation to the acquisition of Berlin’s Potsdamer Platz, reported to be Germany’s largest real estate transaction for eight years

  • Uro Property Holdings SOCIMI, S.A. in connection with a €1.345 billion tenant credit-linked secured loan securitisation of its rental cashflows related to leases of Spanish bank branches leased to Santander
  • A portfolio company of a US PE firm on its tenant credit sale and leaseback of four prominent London based private hospitals to a healthcare investor for £227 million
  • A joint venture between two US investors on the structured acquisition, financing and subsequent sale of 123 Buckingham Palace Road, London for circa £243 million
  • A U.S. private equity investment firm on its opportunistic UK and European real estate investments with various operating partners
  • A special situations fund on its £50 million equity investment into a joint venture with a listed developer to acquire and reposition a landmark building in London near the Houses of Parliament structured through a Jersey Property Unit Trust and a separate corporate management vehicle
  • The Barchester Healthcare group of companies on:
    • the sale and leaseback of a £1.46 billion portfolio of 160 care homes in the UK and the associated refinancing of the group's borrowings
    • the refinancing of a separate portfolio of care homes with Goldman Sachs and an associated lease regear
  • A global hedge fund with over $27 billion of assets under management on its UK and European real estate acquisitions and investments including domestic and cross-border joint ventures 
  • A PERE fund on the sale of Executive Offices Group, a high end London serviced office provider with a portfolio of owned City and West End properties for circa £260 million to Queensgate Investments
  • Derwent London Plc on a 50:50 joint venture with Grosvenor for a central London development at 1-5 Grosvenor Place, London SW1 to combine a luxury hotel with commercial office and residential uses and on a simultaneous restructuring of property interests into equity sharing leases
  • 5 Churchill Place L.P. on the acquisition of 5 Churchill Place, Canary Wharf, London for £208 million comprising 314,000 sq. ft. of office accommodation, the majority of which is let to J.P. Morgan and on a £135 million term loan facility to finance that purchase

Disclaimer

Ropes & Gray International LLP is a limited liability partnership registered in Delaware, United States of America and is a recognised body regulated by the Solicitors Regulation Authority (with registered number 52100).