Allan Wernham

Practice Areas

Allan Wernham is Managing Director Scotland and is a partner in the Real Estate group based in Glasgow.

With over 25 years’ experience, Allan specialises in major development and regeneration projects with a particular focus on prime retail and city centre assets, and in advising large energy and utility companies on their property needs. Allan’s experience covers the whole range of development work, from initial acquisitions and development agreements through to letting, financing and disposals. He advises major players in the UK real estate market, including Landsec, Hammerson and Nuveen.

Work Highlights

Nuveen on its £1bn St James Quarter development in Edinburgh, providing strategic advice on land acquisition, CPO, asset management, residential/hotel/joint venture and funding, including negotiation of voluntary third-party agreements against the background of a CPO to enable development to take place.

Landsec on the development of a major mixed use development site on Buchanan Street in Glasgow, including initial site acquisition from an insolvent seller, and developing and executing a site assembly and vacant possession strategy within the framework of an existing CPO.

Landsec on the £224.1m sale of The Centre and Almondvale West Retail Park, Livingston, Scotland's second-largest covered shopping centre, to HSBC Alternative Investments.

Hammerson on the sale of Silveburn Shopping Centre, Glasgow to Eurofund Group & Henderson Park.

National Grid on the management and disposal of National Grid's surplus land portfolio including the disposal to various residential and commercial developers of major development sites, involving advice on planning, title and minerals issues, input into commercial negotiations on overage and environmental liabilities, and dealing with remediation obligations and related security structures.

Education