David Cox | White & Case LLP International Law Firm, Global Law Practice
David Cox
David Cox

David Cox

Partner, London

T +44 20 7532 2157

T +44 20 7532 1000

E dcox@whitecase.com

in LinkedIn profile

David Cox is “pragmatic, realistic, focussed and technically excellent: a pleasure to work with.”

Chambers UK 2013

Overview

A partner in London real estate finance and real estate practice groups of White & Case, David advises on a wide range of real estate finance and real estate private equity fund matters.

He supports clients with real estate financings; non-performing portfolio loan (NPL) acquisitions; the financing of NPL deals; restructurings; senior loan originations; syndications; real estate joint ventures; hotel deals; and investment acquisitions and disposals. David has advised clients on a number of headline transactions, and regularly acts on domestic, international and cross-border deals.

Noted for his user-friendly manner, Chambers 2015 quotes one of his clients as saying "He's absolutely fantastic…he's great with us, and also just really good fun; he makes everything enjoyable".

Bars and Courts

  • England and Wales

Education

  • Law Society Finals, Chester Law School
  • BSc, (Econ) Hons, Aberystwyth University

Languages

  • English

Experience

Oaktree Capital, 2015/16

Representing Oaktree Capital in connection with the financing and joint venture of a NPL portfolio acquisition (with a nominal value of €900 million) secured across a Spanish residential real estate portfolio.

Blackstone, 2015

Representing Blackstone Real Estate, on its US$2.7 billion acquisition of a Nordic property portfolio from funds managed by Oslo-based Obligo Investment Management AS, a global alternative investment management firm. The transaction was the largest property deal in the Nordic region since 2008

Cerberus, 2015

Representing Cerberus as the successful bidder for the Nationwide's £1 billion UK non-performing loan portfolio, known as Project Carlisle.

Cerberus, 2015

Representing Cerberus on the financing of an NPL and direct real estate portfolio in Germany.

Cerberus, 2013/14

Representing Cerberus on its acquisition of a €1.5 billion European real estate loan portfolio from Lloyds Banking Group, with underlying real estate collateral in 11 countries from 23 borrowers, and a sector concentration in favour of office and industrial.

Cerberus on real estate loan portfolio bids from IBRC, 2014

Representing Cerberus on its bid for various real estate loan portfolios across Europe (with aggregate loan book value of over £8 billion) being sold by IBRC (in liquidation).

Starwood Capital on real estate joint venture, 2015

Representing Starwood Capital on the sale of its interest in a 50:50 joint venture (the Great Star Partnership) with Great Portland Estates PLC (the FTSE 250 company) for £61.4 million. The JV owned 2 office buildings in the City Tower, 40 Basinghall Street, EC2 and the adjacent City Place House, 55 Basinghall Street, EC2 which together occupy a 1.3-acre site. On completion, GPE also redeemed 100% of the £73.1 million in outstanding debt secured against the JV's properties. The transaction equates to a property price of £190.6 million.

Telereal Trillium

Major PFI transaction of UK government estates, ongoing
David advises Telereal Trillium on Project PRIME, one of the largest-ever real estate Private Finance Initiative transactions in the UK. This matter involved real estate and facilities management outsourcing for around 2,000 UK government premises

Liberty Property Trust

Representing Liberty Property Trust, a US based REIT in relation to its proposed development of a new mixed-use community in the UK (to include residential development, commercial buildings and community and infrastructure facilities).

BAWAG on real estate financing transactions, 2014 - 2016

Representing BAWAG, a leading Austrian bank, on various real estate financing transactions across Europe.

Speaking Engagements

David is a regular speaker at various real estate conferences including the European Real Estate Opportunity & Private Fund Investing Forum, a London event which is now in its 15th year.

Awards & Recognition

Leading Lawyer, Chambers UK 2015

Real Estate – London

Recommended Lawyer, The Legal 500 UK, 2014

Real Estate – London

The Legal 500 UK, 2013

"David Cox is 'at the top of the tree - commercial, astute and able to see the bigger picture'"