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Portrait ofPaul Carter

Paul Carter

Partner

CMS Cameron McKenna Nabarro Olswang LLP
1 West Regent Street
Glasgow
G2 1AP
United Kingdom
Languages English

Paul Carter is a partner specialising in investment and development, principally for institutional investors.

This often includes leading or working as part of a multi-disciplinary team with experts from our construction, planning and corporate teams in all aspects of the planning process, the efficient structuring, the construction and development itself along with the letting and eventual sale.

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"getting on with the job and getting things done"

Chambers UK

Relevant experience

  • Aberdeen Asset Management on the majority of their Scottish investment acquisitions.
  • Union Investments on the purchase of the G1 Building in Glasgow.
  • Bouwfonds Student Accommodation Fund on its first acquisitions in the UK.
  • Credit Suisse Asset Management on its Scottish investment acquisitions.
  • Stirling Council in the creation of a JV with a developer whereby a number of properties were transferred to the JV either to be managed or developed in accordance with a development agreement.
  • Scottish Exhibition Centre limited in the development and forward sale of a new car park development in Glasgow to a UK Fund by way of long lease.
  • Commercial Estates Group in the development, letting and subsequent sale of an 180,000 sq. ft. office development in Glasgow city centre.
  • Murray Estates limited in respect of their strategic land holdings in Edinburgh.
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Education

  • LLB, University of Aberdeen
  • Dip LP, University of Aberdeen
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Expertise

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26/09/2023
CMS recruits new partner to Real Estate team
International law firm CMS has announced the appointment of new partner Barry Edgar, a commercial real estate lawyer with extensive experience in advising institutional and private equity clients on investment...
03/05/2023
Real estate transaction costs and taxes in Scotland
1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost From GBP 70–GBP 150 plus VAT VAT 20% 1.2 Utility search (each service) Cost Water and Sewage Search usually included...
30/04/2021
Scotland
Recent work highlights Planning and environmental Acted for Nuveen Real Estate on all planning, compulsory purchase and road matters for the £1bn redevelopment of Edinburgh St James. Advised The Scottish Salmon Company on planning and environmental matters in respect of their portfolio salmon farms across Scotland. Construction and development Advised Nuveen Real Assets on the £1bn Edinburgh St James development, including Advised on property development, planning, CPO, competition / state aid, construction, pre-lets and related issues. Advised Renfrewshire Council on all real estate matters in respect of its City Deal Projects. This is a part of £1.13bn City Deal to rejuvenate Glasgow City Region. Investment and disposal Advised on the sale of 4 – 8 St Andrew Square, Edinburgh for Aberdeen Standard Investments. The £120m deal is the biggest mixed-use investment deal in Scotland in recent years. Advised for the Lister Property Partnership in the £54m sale of multi-occupancy office building in the centre of Edinburgh to a Fund managed by M&G. Acted for NewRiver on the £60m purchase of four Scottish Retail Parks from Threadneedle Investments. Advised KW UK Assets Holdco Ltd on the £50m sale of the Fairmont Hotel St. Andrews, a luxury 520-acre resort. Advised Standard Life Assurance on all aspects of the transaction of the forward funding of Scotland’s first Maldron Hotel which will be a 300-bedroom four-star hotel. Acted for Franklin Templeton Investments in the acquisition of Cameron Toll Shopping Centre with funding Managers and occupiers Provided strategic and “business as usual” advice for the operational property requirements of a number of corporate occupiers including Standard Life, EY, Direct Line Group, Virgin Money, Nationwide Building Society and Wolseley UK. Energy and renewables Advised SSE on the sale of a 49.9% stake in its wind farms to Greencoat UK Wind plc in partnership with a major UK pension fund. 
01/02/2021
Electronic signatures in real estate documents in Scotland
1. Which documents can use an electronic signature and take legal effect? All documents governed by Scottish Law (with limited exceptions for wills and testamentary writings) can now take completely...
17/06/2020
Law and regulation of rental agreements in Scotland during Covid-19
Updated on 08.04.2020. 1. Is a lessee eligible for rent reduction due to a significant decline in footfall and consequently its turnover as a result of COVID-19? If the rent, or at least part of it...
15/03/2017
CMS MIPIM Lunch 2017
Each year, MIPIM brings an opportunity for engaging discussions on industry issues, trends and the challenges for investors, developers and fund and asset managers. We are looking forward to seeing you...
26/11/2015
From Tenant to Owner: the effects of the Long Leases (Scotland) Act 2012
On 28 November 2015 tenants under qualifying long leases become the outright owner of the leased property as the key provisions of the Long Leases (Scotland) Act 2012 come into force. A qualifying lease...
13/11/2015
From Tenant to Owner: the effects of the Long Leases (Scotland) Act 2012
On 28 November 2015 tenants under qualifying long leases will become the outright owner of the leased property as the key provisions of the Long Leases (Scotland) Act 2012 come into force. A qualifying...
11/09/2015
Land Registration: Voluntary becomes compulsory
At the moment, only around 26% of Scotland’s land mass is on the modern, map-based Land Register of Scotland. Almost all the rest is still held on the older, deeds-based Sasines Register. It can be...
01/06/2013
Long Leases (Scotland) Act 2012 - what happens to the lease conditions?
In previous Public Aye bulletins we have covered the Long Leases (Scotland) Act 2012 through parliament. This Act converts a tenant’s interest in an ultra-long lease (such as ground leases used by many...