Dean Parrett

Dean advises a wide range of clients and has experience in all aspects of real estate work. Dean’s main area of focus is advising public sector clients within and around London.

Dean has significant experience advising on large scale disposals and acquisitions. He also has significant experience in public sector development schemes involving residential, key worker, nomination and co-operation arrangements. Most recently, Dean has led on the following matters:

• Advised an occupier in respect of arrangements concerning its occupation of a substantial central London property which granted the occupier the ability, via complex option arrangements, to acquire (in stages) capital interests in the building and ultimately the whole of the building. This was a novel and extremely complex series of arrangements between two occupiers of the building which ultimately allowed one occupier to buy out the other over a period of years.
• Advised the owner of a central London hospital in connection with its £100m sale (in tranches) and leaseback arrangements so that the property could continue to be used for the provision of healthcare services until such time as the owner’s development of other land had been completed. The sale enabled the proceeds to be re-invested whilst allowing the owner rights of continued occupation. Dean advised from the outset, supporting the client with heads of terms and the structure of the disposal to ensure that the receipt was received in the most efficient way.
• Dean is currently advising a public sector client in connection with its £40m disposal of a site for residential development.
• Dean is currently advising on an estimated £250m disposal which will involve complicated funding, leaseback, option and phased payment arrangements.
• Dean has extensive experience in advising Hospital Trusts on retail development schemes within their hospital estates.
• Advised a public sector client with its development of a central London health teaching facility. The client entered into a Forward Funding Agreement with a University which helped fund the project in return for the grant of a long leasehold interest subject to various options and restrictions.
• Advising Banks in connection with structured development finance, most recently involved in the development of an Innovation Park near Hastings.
• Advising Banks in connection with finance arrangements for university accommodation schemes.
• Dean has advised many charitable organisations in connection with their acquisition, disposal, leasing and management of property, including advice concerning the Charities Acts.