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Jon Smart

Jon Smart

Partner

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"Property specialist Jon Smart, who has 'superb technical knowledge and a can-do attitude'."
(The Legal 500)


Jon leads one of three large teams of commercial property lawyers in our Nottingham office and runs client service teams of lawyers across our various offices and disciplines. As well as undertaking general commercial property work, he is a senior partner in our National Care Team, focusing on property, development and funding transactions in the private care homes market.

Jon’s specialisms are commercial property development and funding together with general commercial property transactions for investors, developers, land-owners and occupiers such as Scotch Corner Designer Village, Morgan Sindall Investments and major corporate and “challenger” lenders.

Jon is listed as an Elite Lawyer by the Legal 500, having been listed in the directory as a Leading Individual for every year since 2013.

Legal Services

Real Estate

Recent Work

  • Scotch Corner Designer Village – Jon is lead partner for the owner developing and pre-letting of this 92 unit, 250,000 square foot new designer outlet scheme, set to be the biggest in the North of England. Also coordinates the team dealing with construction and infrastructure procurement, statutory agreements, tax, utilities and other elements.
  • Former RAF Newton – Acting for landowner on the sale of land at a former airbase to a national house builder for 550 houses, village centre and community facilities on 180 acres and continued portfolio management and further development strategy for the rest of the commercial estate.
  • Baycroft/One Housing Group – forward funded agreement for development and 30 year leases with Frontier Estates for 4 large new luxury care homes with over 250 bedrooms. Jon closely advised Baycroft,new to the care home development and construction process, in their first deal with leading care home developers Frontier and Aviva fund.

Residential Development

Jon’s residential development work is primarily on strategic residential land transactions for landowners and promoters and also in the new care homes sector.

Recent Work

  • Baycroft/One Housing Group – forward funded agreement for development and 30 year leases with Frontier Estates for 4 large new luxury care homes with over 250 bedrooms. Jon closely advised Baycroft, new to the care home development and construction process, in their first deal with leading care home developers Frontier and Aviva fund.
  • Former RAF Newton – Acting for landowner on the sale of land at a former airbase to a national house builder for 550 houses, village centre and community facilities on 180 acres and continued portfolio management and further development strategy for the rest of the commercial estate.

Commercial Development

Jon conducts numerous development transactions both for property developers and end-user owner occupiers and tenants.

Recent Work

  • Scotch Corner Designer Village – Jon is lead partner for the owner/developer on the development and pre-letting of this 92 unit, 250,000 square foot new designer outlet scheme, set to be the biggest in the North of England. Also coordinates the team dealing with the construction and infrastructure procurement, statutory agreements, tax, utilities and other elements.
  • Development and acquisition of brand new build 220,000 square feet forward funded factory and office accommodation in Peterborough for E-Leather. Full suite of construction contracts, appointments and warranties. Jon and his team guided client and agents through the deal, including development agreement, lease and significant power supply works and associated statutory agreements.

Real Estate Finance

Jon acts for Lloyds Bank and Clydesdale/Yorkshire Bank funding work and for their specialist healthcare teams. He is also lead partner for challenger Bank, Redwood and acts on the borrower side in banking/finance deals for property and care sector clients. Jon leads a team conducting substantial sale and leaseback and other funding structures / transactions in the wider sense.

Recent Work

  • Acting for Waterfield group on its £30 million plus refinancing and new facilities for all group entities to support a portfolio of circa £100,000,000. This demonstrated our continued support for this group, which has significant development proposals at Scotch Corner for a 92 unit out of town shopping centre at Scotch Corner, 600 houses and a village centre development at former RAF base in Nottingham and other substantial commercial property holdings in Sheffield, Kemble/ Cotswold airfield and Worcester Trade Park.
  • Leading a team on around 100 lending deals for rapidly expanding Redwood Bank since its opening in 2017.
  • Development funding transactions for specialist care sector lenders for care homes, pharmacy businesses and health centres involving pre-lets to GP surgeries, NHS, Pharmacies and local business, interplay with grant funding.

Occupiers

Jon has always enjoyed working for an impressive occupier client base including Eddie Stobart and Raleigh. Work has included development and acquisition of new build HQ premises and major expansions. Jon can guide his clients through complex processes.

Recent Work

  • Development and acquisition of brand new build 220,000 square feet forward funded factory and office accommodation in Peterborough for E-Leather. Full suite of construction contracts, appointments and warranties. Jon and his team guided client and agents through the deal, including development agreement, lease and significant power supply works and associated statutory agreements.
  • Led team on HQ office relocations for 2 London based clients.

 

Sectors

Care

Jon is a senior partner in our private care sector team which acts for key operators/developers, LNT Group, Maria Mallaband, Country Court Care, Baycroft (part of One Housing), Anchor and healthcare teams at Lloyds, Yorkshire Bank and other lenders.

Cases

  • Acting for joint venture companies within the NHS sector seeking to maximise benefit from development of NHS Trust real estate.
  • Acted for Baycroft on the agreement for development and 35 year lease of brand new luxury 64 bedroom care home in Chelmsford, Essex, swiftly followed by an agreement for development and 30 year lease with Frontier Estates for 4 large new luxury care homes with over 250 bedrooms Jon closely advised a client new to the development and construction process and their first deal with leading care home developers CastleOak and Frontier and latterly Aviva.
  • Property aspects of refinancing and care home development for Country Court Care.
  • Development funding transactions for specialist care sector lenders for care homes, pharmacy businesses and health centres involving pre-lets to GP surgeries, NHS, Pharmacies and local business, interplay with grant funding.

 

Latest

To contact Jon or for more information…

Call: 0845 050 3650
Or email: Send an email

 

Testimonials

“Jon and Freeths have been with Redwood Bank from before we got our Banking licence from the Regulators . Freeths produced much of our standard documentation and helped shape our procedures with an eye to clarity, speed, simplicity and pragmatism. Redwood Bank prides itself in quick, pragmatic, risk-based decision making and Jon as our client partner is in tune with that being very commercial but keeping the legal remit and spend on our many and various lending transactions to a sensible minimum whilst protecting the bank’s interests. Jon’s team are pragmatic in their approach and look at ways to support and mitigate the risks for client and Bank alike.”

(Chris Platt, Director of Credit and Underwriting, Redwood Bank)

“On our recent care home development deal Jon quickly cut to the chase. He batted hard for us on points he’d helped identify mattered and didn’t dwell on others. Even the other party commented how pragmatic and good to deal with he is. Jon also looks for opportunities to put me in contact with his clients and contacts which shows he’s thinking of us more widely.”

(Andrew Winstanley, Care Home Project Director, One Housing Group)

“Jon and his team at Freeths know this sector well and having used them in a former logistics role I knew they would deliver. Having been told that other deals on DIRFT had taken many months in legals, we were delighted that Jon helped us exchange this significant deal for the business in a few weeks.”

(Rupert Nichols, Legal Director & Company Secretary, Eddie Stobart Limited)

“Freeths’ healthcare practice is praised for its ‘very proactive and can-do attitude’. It acts for a mix of public and private sector clients. Real estate expert Jon Smart heads the team.”

(The Legal 500, 2016)

“Real estate specialist Jon Smart at Freeths is a key name for private sector healthcare.”

(The Legal 500, 2015)

“The ‘technically excellent’ Jon Smart is a specialist on care home development and financing.”

(The Legal 500, 2015)

“Freeths has a ‘wealth of healthcare expertise from a property and banking perspective’. It also has expertise in transactions in the care home sector. Jon Smart has ‘sector expertise’ and is ‘solution driven’.”

(The Legal 500, 2014)

“Jon Smart never misses anything.”

(The Legal 500, 2013)

“Freeths leverages its core property expertise to undertake transactional and development work in the care homes market for NHS and GP consortia. Team head Jon Smart ‘completes on schedule, without fuss’.”

(The Legal 500, 2013)

Client service

‘Doing the right thing’ is at the heart of Freeths. Find out more about our excellent client service and the strong set of values that guide the way we work.

Our service

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Talk to us

Freeths are a leading national law firm with 13 offices across the UK. If you have a query about our services or just want to find out more, why not give us a call?

Contact: 03301 001 014

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