With a market capitalisation of some £280 million, Brammer plc is Europe's leading distributor of industrial maintenance, repair and overhaul products and services. Brodies helped to design and implement an innovative tax-effective long-term incentive plan (LTIP) for Brammer's executive directors and over 100 other senior managers.
Largest office acquisition in Glasgow - Pramerica Real Estate Investors Ltd (141 Bothwell Street, Glasgow)
In the highest value investment deal in Glasgow in 2011, Brodies advised Pramerica on the acquisition of 141 Bothwell Street for more than £70 million. Developed by PPG, the building was one of the most recently completed Grade A office buildings in the city centre, occupied by tenants including Shell, HSBC and PricewaterhouseCooper.
National Park secures ‘gold standard’ for Cononish gold mine
Following the grant of planning permission for the Cononish gold mine in February 2012, Stewart Stevenson, the Environment Minister, commended the Loch Lomond & The Trossachs National Park Authority “for working so constructively with the developer through this complex planning process and achieving such a good result”. Brodies was a key advisor to the Park Authority on this project, which will create 52 new jobs and will be worth an estimated £80 million to the Scottish economy.
Financial restructuring provides firm foundation for housebuilder
Tulloch Homes Group, the Inverness based housebuilder, needed to undergo a complex financial restructuring to provide a firm foundation from which to move its business forward against the backdrop of the downturn in the property market. Completing the deal within the required two-month timescale was a key factor for Tulloch Homes Group and it turned to Brodies because it needed a legal adviser that it knew could deliver.
Largest shopping centre purchase in Scotland - Ocean Terminal, Edinburgh
In the largest investment deal in Scotland in 2011, Resolution Property acquired Ocean Terminal, the 440,000 square foot shopping centre developed by Forth Ports in Leith.
Brodies fielded a multi disciplinary team for this purchase comprising specialists in real estate, corporate, tax, planning and construction. Our client was also successful in securing debt finance from the existing lender HBoS with Brodies’ banking and real estate specialists advising on this.
Challenging the Scottish Government's flagship Alcohol Minimum Pricing Bill
The Scotch Whisky Association (SWA) represents 52 members who are collectively responsible for the production of more than 90% of Scotch whisky – an industry worth more than £4 billion a year in export value to the UK.
Helping UK’s largest publicly-owned bus operator gear up for business growth
Brodies is proud to have worked for Lothian Buses plc – the UK’s largest publicly-owned bus operator – since 1999 and we were delighted to be re-appointed this year after competitive tender as its legal services provider until 2017.