UK Real Estate Investment And Management Platform Expands Growing Portfolio

Lawyers at Irwin Mitchell have advised Praxis, the UK real estate investment and management platform, on the acquisition of 63 acres of Kings Hill town centre in Kent. The acquired site will add almost half a million sq ft of mixed-use commercial space to Praxis’ growing UK portfolio.

Kings Hill is an award-winning mixed-use development in the heart of Kent, developed on the 650-acre former RAF West Malling airfield. It is set within a landscaped parkland and home to more than 50 businesses, including Rolex’s UK headquarters, over 3,200 residential homes, three schools and around 200,000 sq ft of retail and leisure facilities.

The team at Irwin Mitchell was overall led by London Real Estate Partner, Ayesha Hasan assisted by Real Estate Solicitor Delver Punia, supported by members of the wider national property team, as well as involving multiple teams across the firm from transactional real estate, corporate, planning and banking. Adam Kaucher (Corporate partner), Nicola Gooch (Planning partner) and Paddy Sturman (Banking partner) worked closely on the deal.

Expert Opinion

"We are very pleased to have advised Praxis on this acquisition. We hope to continue to work with the company as it continues to expand its growing portfolio.

"The deal involved a wide cross departmental team at Irwin Mitchell and illustrates our skills as a multidisciplinary practice. It was successfully completed to deadline and is testament to our ability to meet our clients’ needs as required”.
Ayesha Hasan, London Real Estate Partner at Irwin Mitchell