Orrick London Team Advises intu properties plc on Joint Venture with LaSalle Investment Management


Orrick has advised intu properties plc (intu) on its joint venture with LaSalle Investment Management (LaSalle) to jointly own the intu Chapelfield Shopping Centre in Norwich, England.

LaSalle will acquire a 50 percent interest in the Centre for a net consideration of £148 million, before working capital adjustments. intu will continue to manage the Centre on behalf of the joint venture. The closing of the transaction is subject to EU merger clearance.

The Orrick team was led by partners Anne O'Neill and Jinal Shah and included Fiona Stone, Alice Edwards, Michael Gale, Shaun Malone, Ed Denny, Bridget Winters, Douglas Lahnborg, Saira Henry and Jacqui Hatfield.