Paul Hastings Advises Apollo Real Estate in its £445 Million Acquisition of The 160-Unit Telford Shopping Centre

June 04, 2007

Paul Hastings Advises Apollo Real Estate in its £445 Million Acquisition of The 160-Unit Telford Shopping Centre

London (June 4, 2007) - Paul, Hastings, Janofsky & Walker LLP ("Paul Hastings"), a leading international law firm, has advised Apollo Real Estate in its £445 million acquisition of the 160-unit Telford shopping centre in Shropshire, England.

Telford Shopping Centre is one of the major shopping centres in the region with 160 stores including Marks & Spencer, Zara, Debenhams and Beatties - a House of Fraser store.

The deal is structured as an indirect acquisition of ownership interests and will be financed by RBS. The seller is Universities Superannuation Fund.

Paul Hastings regularly represents Apollo in transactions in the UK and across Europe including the ppurchase and subsequent sale of The Arcades Shopping Centre, Ashton under Lyne and The Forge, Glasgow.

The Paul Hastings team was led by partners Mark Eagan and Emma Bucknall from the Real Estate practice, Keith Wilson from the Finance practice and Justin Hamer on tax and structuring.

Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.

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