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THE LEADING REAL ESTATE LEGAL TEAM


ommercial law firm, Muckle LLP is aiming to become the number one law firm for business in the North East and its real estate group is certainly playing a major role in helping them to get there! Muckle's real estate group is already


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ranked within band 1 for the North by both Legal 500 and Chambers Legal Directories and is described by them as a “high calibre property team with an impressive local presence.” In addition, head of group, Jonathan Combe together with partners Jason Wainwright, Adrian Hill, Will McKay and Gail Bennett plus associate, James Armstrong are all recognised as being leading real estate practitioners in the region.


The group comprises 22 dedicated commercial real estate lawyers and the team's work level has increased by over 25% during the firm's last financial year. Group head, Jonathan Combe


comments that “the last recession certainly held us back but we worked hard at maintaining our client relationships and we also worked strategically at attracting new ones and that strategy is now paying off.


“We are receiving significant new workstreams from new clients such as Harrison Developments, Priority Space, Grainger plc, Fox Properties and North Tyneside MBC. A renewed focus on the registered provider sector has also helped us welcome further new clients such as


The most pleasing aspect about the team's development is however the size and complexity of some of the transactions which the team now handles...


Bernicia, Isos Housing, Derwentside Homes, Two Castles Housing and Tyne Housing Group and this complements very neatly our established residential expertise. “The most pleasing aspect about the


team's development is however the size and complexity of some of the transactions


which the team now handles including: • the sale and leaseback of the new Crowne Plaza Hotel, Newcastle by the Clouston Group;


• seven separate investment sales on behalf of the McAleer & Rushe group with a total value in excess of £140m;


• the purchase of the former Sanofi Pharmaceutical Site, Fawdon, Newcastle;


• the sale of student accommodation properties with a value in excess of £40m on behalf of Metnor Group;


• the acquisition, development for student residential and sale of Metrovick House, Newcastle on behalf of S Harrison Developments;


• the sale of a significant residential portfolio on behalf of Home Group;


• working with Newcastle University in relation to the Science Central redevelopment.” Whilst Muckle's offices may be located within shouting distance of St James' Park, the contrast in fortunes between Muckle's real estate team and their footballing neighbours could not be more marked!


COMMERCIAL PROPERTY MONTHLY 2016


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