Macfarlanes advises Stanhope on sale of 25% stake to Cadillac Fairview

Macfarlanes has advised leading UK developer Stanhope on the sale of a 25% stake of its business to Canadian investor Cadillac Fairview.

Cadillac Fairview is the real estate arm of Ontario Teachers' Pension Plan. Stanhope has been working closely with Cadillac Fairview on numerous high-profile UK real estate developments.

This move is a further progression of the expanding platform the two partners have been building in the UK, delivering life sciences and workspace projects in the UK.

The Macfarlanes team was led by corporate and M&A partner Justin Hope, senior counsel Max Mittasch, and associates Tanya Mokha and Francesca Bird.

The team also included Anthony Burnett-Scott (real estate); Ras Berglund, Mark Petch, Kirsten Prichard Jones and Finn Halton (tax); and Simon Beale (finance).

Justin Hope comments: “We are delighted to have had the opportunity to advise Stanhope on this important strategic transaction, which further consolidates its partnership with Cadillac Fairview.”