Andrew Hepner ‘is a great leader, negotiator and communicator; understands the client’s business very well; has excellent judgement; finds real solutions and is pragmatic; and has great people skills.’ He 'is very quick to understand the commercial and financial moving parts of construction debt facilities.’Chambers UK 2021
Andrew Hepner is a partner in the Real Estate practice of the London office and co-head of the real estate finance practice.
He has extensive experience acting for banks, financial institutions, investors and corporate clients in structured finance and investment transactions. Andrew focuses on structured real estate finance advising both lenders and sponsors. He also acts for banks, private equity and opportunity funds and other participants in the acquisition, disposal and restructuring of performing and non-performing debt portfolios secured on real estate.
In the investment arena, Andrew focuses principally on the hospitality sector advising private equity funds, investors, pension funds and lenders in the acquisition, development, financing and disposal of hotels and other leisure facilities.
Andrew is recommended and ranked as a key individual by Chambers UK and Legal 500 which note that he "puts his clients first, works to tight deadlines, and achieves results" and is "proficient and motivated; nothing appears too much trouble".
Andrew joined Mayer Brown as a trainee in 1998 and qualified in 2000.
- Advised Cheyne Capital on the provision of a £93,000,000 loan facility to FI Real Estate Management in connection with a reorganisation and refinancing of its existing property portfolio comprising both investment and development assets.
- Acted for Cheyne Capital in relation to a £173,000,000 development loan facility made available to Quintain in connection with its continued development at Wembley Park to create a mixed-use scheme providing build to rent residential apartments, parking and retail.
- Advised Wing Tai and Manhattan Garments Group in relation to the financing of their acquisition of 30 Gresham Street, London for approximately £411,000,000.
- Acted for Wing Tai and Top Paramount on the £133,200,000 financing provided by DBS for the acquisition of 8 Salisbury Square, London.
- Advised LKK/Infinitus on its refinancing of the iconic Walkie Talkie building (also known as 20 Fenchurch Street). The £600,000,000 term loan facility was made available by Bank of China and The Hongkong and Shanghai Banking Corporation.
- Acted for Crosstree Real Estate Partners and AEG joint venture in respect of its refinancing of the Entertainment District at the O2 Arena. Following practical completion of the development of the Designer Outlet Village, the existing development facility was refinanced by Lloyds and ICBC through the provision of a £231,000,000 investment loan.
- Advised Gaw Capital in connection with its refinancing of Buildings 1, 2, 4 and 5 at Harbour Exchange, London. Previously advised Gaw Capital in connection with its acquisition of Buildings 1 and 2 in September 2014 and subsequent purchase of Buildings 4 and 5 in October 2018. The £159,000,000 term loan facility was provided by Metropolitan Life Insurance Company Limited.
- Acted for Canary Wharf Group plc in relation to the £186,000,000 development financing made available by Bank of China Limited, Lloyds Bank plc, Qatar National Bank and National Westminster Bank plc. The loan was made available in connection with the development of commercial properties at 15 Water Street and 20 Water Street which will complement the existing residential buildings at the Wood Wharf development.
- Advised Gaw Capital in relation to a note purchase facility agreement provided by Deutsche Bank AG in respect of its acquisition of the InterContinental Hotel in Porto, Portugal.
- Acted for TD Asset Management in relation to the financing of Talisker's acquisition of The Cube, the 500,000 sq ft landmark mixed-use building located in Birmingham's city centre.
- Advised Crosstree Real Estate Partners on the financing of its acquisition of Edmonton Green Shopping Centre for £72,000,000 from St Modwen Properties.
- Advised CTF Holdings on the £175m refinancing by The Hongkong and Shanghai Banking Corporation of debt secured over the Rosewood Hotel in Holborn, London.
- Acted for Emperor International Holdings on the financing by ICBC of the £260 million acquisition of the Ampersand Building.
- Advised Sinarmas Land Limited on the financing by OCBC of its £188 million acquisition financing of 33 Horseferry Road, London.
- Advised Chinese Estates, the Hong Kong listed property development company, on the financing of the £174.9 million acquisition of 11-12 St James’s Square, a listed office building in London.
- Advised The Hongkong and Shanghai Banking Corporation on the short-term bridging finance and £104 million term loan made available to JMI Global in connection with its acquisition of the vehicle which owns 65 Fleet Street in London, the global headquarters of Freshfields Bruckhaus Deringer LLP.
- Acted for Canary Wharf Group plc on the £700m refinancing of loan facilities secured over its retail portfolio at Canary Wharf in London's Docklands. The loan, one of the largest made available in the UK real estate debt market in 2016, was made available by a syndicate of eight lenders comprising Wells Fargo, Deutsche Pfandbriefbank, Barclays Bank, The Royal Bank of Scotland, Societe Generale, ING Real Estate, Bayern LB and AXA.
- Advised Asian Growth Properties, the Hong Kong-based property investor and developer, on the financing of its purchase of 20 Moorgate, London for £155 million.
- Acted for Ping An Bank Company Limited in relation to the £500 million construction loan made available to Dalian Wanda to finance the development of the One Nine Elms scheme in Vauxhall, London.
- Advised Canary Wharf Group plc on the £820m term loan facilities made available by Barclays, HSBC, Lloyds Banking Group, QNB and the HCA for the development of Wood Wharf, the 4.9 million sq ft mixed use scheme to the east of the existing Canary Wharf estate.
- Advised Canary Wharf Group plc on the £348m term loan facility made available by Barclays, RBS, Lloyds and the HCA in connection with its development of the Newfoundland Tower at Canary Wharf.
- Acted for Gaw Capital on the financing of the £500m acquisition of 123 and 151 Buckingham Palace Road.
- Advised Crosstree Real Estate Partners and AEG joint venture in respect of its refinancing of the Entertainment District at the O2 Arena and the provision of a capex facility to fund the costs of the development of the designer outlet village and Entertainment District at the O2 Arena.
- Advised Sinarmas Land Limited on the financing of its £280 million acquisition of the Alphabeta Building from Resolution Property.
- Advised Taikang Life Insurance on its first investment in the UK real estate market, the acquisition and financing of Milton Gate in London let to Addleshaw Goddard.
- Acted for Chinese Estates on the acquisition and financing of 61-67 Oxford Street, London for £180 million.
- Advised two family offices on the acquisition and refinancing of 80 Cheapside and 138 Cheapside, London.
- Advised Ping An on the financing of its £327m acquisition of Tower Place, London, Marsh and McLennan’s London HQ.
- Acted for Ping An on the financing of its £260m acquisition of the Lloyds Building.
- Advised a consortium of Korean investors and Gaw Capital Partners on the financing of the £200m acquisition of Waterside House (the M&S headquarters) in the Paddington Basin.
- Advised Gaw Capital and a consortium of Asian investors on the financing of the acquisition from BlackRock of Exchange Tower in London's Docklands for £191m.
- Advised China Overseas Holdings Limited on the refinancing of the purchase of One Finsbury Circus, London for £152m.
- Advised BerlinHyp as lender on the stapled financing provided to the purchaser of Peterborough Court, Fleet Street, London, the European headquarters of Goldman Sachs International.
- Advised JPMorgan in its participation in the acquisition of a loan portfolio from Bank of Ireland for $1.8bn secured principally by high quality, London-based office, multifamily and retail properties.
- Advised Brookfield on its acquisition of Center Parcs from Blackstone Group.
- Acted for Rosewood Hotels and Resorts on the refinancing and refurbishment of the Chancery Court Hotel in Holborn, London and its rebranding as Rosewood London.
- Advised Reignwood International on its £105m acquisition of Ten Trinity Square, London, the terms of the loan facility made available by Siam Commercial Bank and the conversion of the building into a luxury hotel.
- Advised CTF Development on its acquisition and financing of a portfolio of hotels in Belgium acquired from Blackstone.
- Advised Carey Property (a subsidiary of the hotel fund managed by Azora) on the disposal of the NH Harrington Hall Hotel in London.
- Advised CTF Development on its acquisition and financing of a portfolio of hotels in England and Scotland from BDL Hotels.
- Acted on the disposal of the Renaissance London Heathrow Hotel to Arora Hotels.
University of Exeter, Legal Practice Course, 1997
Common Professional Examination, 1996; BA (Hons) History, 1992-1995
- England and Wales
- Andrew Hepner and Annabel Ersser are excellent lawyers, with strong knowledge of the industry – they are very solution driven, with excellent communication and management skills.’; ‘I work mostly with Annabel Ersser and Andrew Hepner. They’re very attentive and commercial. Annabel helps collaborate with various parties, which centralises a lot of discussions, making the process easier. Andrew has many suggestions on commercial points.’; ‘Andrew Hepner and Annabel Ersser are an established team in the real estate finance space and their extensive experience allows them to cut through the noise of the deal and focus on the true risks and commercial implications in their advice. We have worked with them for years and will continue to do so as our preferred legal advisers.’ - Legal 500 2022.
- Andrew Hepner, who jointly heads up the team, is an expert in acquisition finance and the refinancing of important properties in Central London and Canary Wharf. He ‘is a great leader, negotiator and communicator; understands the client’s business very well; has excellent judgement; finds real solutions and is pragmatic; and has great people skills.’ He 'is very quick to understand the commercial and financial moving parts of construction debt facilities.’ ‘Andrew Hepner and his team provided speedy and professional responses to iron out the difficulties of the process effectively and efficiently.’ A- Legal 500 2021, Property Finance.
- Nigel White and Andrew Hepner lead the "very strong" team at Mayer Brown International LLP, which clients praise for its "level of responsiveness and the quality of its advice". - Legal 500 2018.
- Andrew Hepner acts for both lenders and corporate borrowers on matters such as property-related debt restructuring, acquisitions and disposals. Sources say he is "very pleasant to deal with." - Chambers UK 2018.
- Nigel White and Andrew Hepner, who lead the team at Mayer Brown International LLP, are "decisive and accurate", and "provide simple explanations of very complex matters" - Legal 500 2015.
- Andrew was recommended by Legal 500 2014 as having "good business acumen".
- He "puts his clients first, works to tight deadlines, and achieves results" - Legal 500 2013.
- Described as "proficient and motivated; nothing appears too much trouble" - Legal 500 2011.