David Horan

DAVID HORAN leads the firm’s London Real Estate team, and has a broad range of experience advising clients acquiring, disposing, developing, financing and managing a wide variety of real estate assets including offices, residential (in particular, student accommodation, later-living, and co-living), industrial, life sciences, and other mixed-use schemes.

David is a strong advocate of using the latest AI real estate resources wherever this can improve efficiency and add value for clients.

He is a member of the Land Law Committee of the City of London Law Society, a representative body for leading real estate lawyers in the City.

David's representative experience includes advising on the following transactions:

Investment:

• Evri, a portfolio company of funds managed by affiliates of Apollo Global Management, Inc., on the real estate aspects of its merger with DHL eCommerce, the e-commerce logistics specialist of DHL Group.
• HARMAN International on the real estate aspects of its US$350 million acquisition of Masimo Corporation’s Sound United consumer audio business.
• A major UK pension fund on various disposals of offices and retail parks *
• An overseas pension fund on the real estate elements of its proposed acquisition of a major strategic UK manufacturer.*

Financings/sales and leasebacks:

• The senior lender group on the real estate aspects of the senior secured financing of nLighten, a pan-European data centre platform backed by I Squared Capital, to fund its expansion across the UK.
• Advising on real estate aspects of the US$1billion financing to Navitas and Rockhopper supporting the first-ever commercial development of the Sea Lion Field, an offshore oil and gas reserves field located off the Falkland Islands.
• Strategic advice on the real estate aspects of the refinancing of a portfolio of 400+ supported living properties.
• A private equity portfolio company on the sale and leaseback of industrial properties in Poland.
• A major UK pension fund on the sale and leaseback of a number of car auction sites.*

Corporate occupiers and asset management:

• A major UK pension fund in relation to a strategic regional shopping centre.*
• A luxury retailer on its UK property portfolio.*

Development:

• A major UK pension fund on the acquisition and forward funding of a retail park.*

* Some of the above matters were handled prior to joining Sidley.

David has previously advised The Felix Project in connection with various warehouse and distribution leases taken to support its goal of distributing surplus food to frontline charities and schools around London.