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Eversheds Sutherland brings a new asset to their international Tech and Real Estate teams with leading partner

  • United Kingdom

    03-05-2016

    Eversheds Sutherland (International) appoints Mark Chester, a specialist in alternative assets with over 25 years of experience.

    Mark joins Eversheds Sutherland after 17 years with Gowling WLG. Prior to Gowling, Mark was at Linklaters for five years and Berwin Leighton Paisner for three years. He is a real estate lawyer specialising in alternative assets, and in particular real estate-backed operating businesses, primarily in the technology, pharmaceuticals and education sectors. Mark is internationally renowned for his work in the data centres sector.

    Over the last 12 months, Mark has advised on three of the UK's largest data centre transactions for the UK subsidiary of a large US cable telecommunications company, comprising more than 4.5MW of data centre capacity.

    For ten years, Mark has acted for a global data centre owner and operator in connection with the multi-million Euro pre-letting of over 800,000 sq ft at its data centre facilities in a number of Tier 1 locations to well-known multinational enterprises. He acted on the acquisition and development of the client's principal UK data centre - the largest multi-let data centre in Europe. He also acts for a number of tech, media and telecoms (TMT) SMEs.

    The global economic downturn increasingly drove real estate investors to find value away from the core sectors of offices, retail, industrial and residential. Data centres, telecoms, renewable energy, infrastructure, self-storage, serviced offices, student accommodation and education more generally are all examples of emerging alternative real estate asset classes.

    Mark’s data centre deals, in particular, require expertise in real estate, commercial IT, energy, construction and banking. Mark is a seasoned project leader and he brings together all strands required to deliver what are usually complex multi-million pound cross-jurisdictional matters.

    David Watkins, Co-Head of Global Real Estate and Planning at Eversheds Sutherland, says:

    “Mark will be a great asset to the team as he is very well regarded across real estate and the data centre/tech sector. Data centres are a key strategic area for Eversheds Sutherland, with strong expertise within our leading TMT sector across EMEA, Asia and the US. Having headed up Gowling WLG’s data centres team, with a strong reputation acting for developers, investors, operators, service providers, subcontractors and end-users in relation to all aspects of data centres, he will be an important hire for the firm and an asset to our clients.”

    Mark Chester comments:

    “Data centres have advanced dramatically over the past few years with outsourced data centre infrastructure in Europe likely to tip towards 40% by 2019. Data centres require expertise across real estate, technology and privacy, energy, construction and banking and Eversheds Sutherland’s recent combination makes internationalising the business and pursuing data centre work in other jurisdictions a key driver for my move. The team across the practice groups and the globe are very well respected and I’m thrilled to be joining them.”

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