FFW advises new Danish client in £14 million department store disposal
10 January 2005
Field Fisher Waterhouse advised Danish investment company Keops
InvestorPartner A/S (Keops) in its disposal of a House of Fraser
Department Store in Darlington for a consideration in excess of £14
million to Parker Green Company Limited. The matter had to be
exchanged and completed within a few weeks following extensive
negotiations.
Keops is one of the largest Danish private investment companies
and invests in both the UK and European market. FFW were
first instructed by Keops on the acquisition of the department
store and have received further instructions since then on other
matters.
FFW real estate partner Edward Bannister acted for Keops.
Edward acts for several Danish investment companies who have been
very active in the UK market over the last few years (see notes for
editors).
Bruce Lightbody of Addleshaw Goddard acted for the
purchaser.
Jens Knudsen, Head of Investment and Financing UK at Keops,
says:
"After long negotiations, we had to go for a swift exchange and
completion. Luckily we were a strong team, with John March (of
Robertshaw March Jones, the agent) and Edward Bannister leading us
to a safe haven and a successful completion."
For further press information, please contact:
Ben Girdlestone, Communications Manager, on +44 (0)20
7861 4968
Louise Eckersley, PR Executive, on +44 (0)20 7861 4120