Shoosmiths advises PRA Health Sciences on real estate portfolio in EAPA market

Shoosmiths advises PRA Health Sciences on real estate portfolio in EAPA market


Author: Kellie Young

National law firm Shoosmiths has provided real estate advice to PRA Health Sciences to extend its product portfolio with three significant lettings in Europe, Asia Pacific and Africa (EAPA).

Angela Mildenhall

Headquartered in the USA, PRA Health Sciences is one of the world's leading contract research organisations, providing outsourced clinical development services to the biotechnology and pharmaceutical industries.

The Shoosmiths team was led by Real Estate Associate Angela Mildenhall.

The three new leases are part of PRA's strategy for continued global expansion and will see them occupy the 4th floor Potsdamer Platz 10 building in Berlin; 14,665 sq ft at the Nucleos Business Park in Singapore; and expand its lease in the Central Business District (CBD) of Sydney with an additional 1,155m2 of office space.

PRA Director of Real Estate and Procurement, Chris Marshall, said, ''PRA Health Sciences values the relationship with Shoosmiths and its WSG Partners for provision of real estate advice to facilitate smooth transactions of our property portfolio across EAPA. Shoosmiths enables PRA's EAPA headquarters, based in Reading, to channel all real estate legal advice via one source and apply common process and standards with the global reach essential for the conduct of its business.'

Shoosmiths' Angela Mildenhall, commented: 'We are pleased to have been trusted to advise on these strategic real estate deals which will support PRA's plans for growth. The depth of our expertise and experience of working within EAPA markets (in conjunction with our World Services Group partners) means we can ensure successful outcomes for our clients.'

Shoosmiths' Real Estate group is one of the largest in the UK, spread over eight offices from Scotland to the south coast of England. The group is made up of teams advising on real estate, construction, planning, property litigation, and environmental law.

Shoosmiths' clients include commercial and residential developers, investors, retail and leisure operators, social housing bodies, major corporate occupiers, banks and other funders and a range of public sector bodies.