Portrait ofMarie Scott

Marie Scott

Partner
Co-head of the Real Estate Practice Group

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Marie Scott is Co-head of the Real Estate Practice Group. In this position, she jointly leads an international team of over 800 lawyers.

She acts for a variety of private sector clients in relation to complex mixed used development and regeneration projects; mixed used and office investment, both by UK clients and overseas inward investors; and occupier pre-lets on development schemes. She also has experience on property financing transactions (acting for both lenders and borrowers) and large infrastructure projects as well as acting for public sector clients on regeneration and compulsory purchase.  Her clients include Google, Cineworld, BNP Paribas, Quintain, Costco and Morgan Stanley Real Estate Fund.

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"Marie Scott is a pleasure to work with" and "We are impressed by her technical expertise and constant willingness to get off the fence and advise us on issues that really matter to us"

Google

"exceptional" and "a safe pair of hands"

Legal 500

Relevant experience

  • Google on the acquisition and development of a site at King's Cross for a new UK HQ of c1million sq ft, and on the pre-let of another site at King's Cross for offices of c190,000 sq ft.
  • BNP Paribas on the acquisition of its development site at Kings Cross (BNP's first UK development) and the forward sale of the scheme to AXA for c.£300m.   Leading the team acting for BNP on its acquisition of Parker Tower in Covent Garden for its redevelopment from offices to high end residential apartments.
  • Rocket/East Road Investments on the c.£150m mixed use (student residential, hotel, office and retail) development of a site in the City, including site assembly, tax structuring, forward sale of student residential block and pre-let of hotel.
  • Quintain on the site assembly and ongoing mixed use redevelopment of Wembley (retail, leisure, offices, residential and community facilities) and leading a team on the management and letting work of offices, retail and industrial units and on the food and beverage pre-lets for the London Designer Outlet.
  • Costco on the acquisition of various development sites (all contracts conditional on planning) for construction of Costco warehouse clubs.
  • Cineworld on their pre-lets of multiplex cinemas within retail/leisure and mixed use developments around the UK.
  • Acting on the acquisition of a 1,100 acre ex-military airfield site for a proposed mixed use redevelopment, potentially including circa 7,000 residential units.
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Publications

  • Estates Gazette – Practice and Law article on Overage 2015
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Lectures list

  • Overage – Making It stick – Blundell Lecture 2014  (with Joanne Wicks QC)
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Education

  • Graduation year – 1997 – BA Law & Anthropology, LSE, London
  • Graduation year – 1998 – Postgraduate Diploma in Law (LPC), College of Law, Guildford
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Expertise

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03/05/2023
Real estate transaction costs and taxes in England and Wales
1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost GBP 450-GBP 1000 VAT 20% 1.2 Utility search (each service) Cost GBP 0-GBP 150 VAT 20% 1.3 Land registry search (per...
01/11/2022
Commercial rent payments in England and Wales
1. General overview Unlike some other jurisdictions, there have been few reported decisions on this issue in England and Wales. The UK Government’s approach to commercial rent arrears during the pandemic...
28/10/2022
CMS Real Estate Global Brochure
Globalisation, political turbulence, changes in urban living patterns, increased digitisation, shifting consumer behaviour and flexible working are just some of the issues that are transforming the demands...
16/04/2021
England and Wales
Recent work highlights Planning and environmental Advised Heathrow West (part of The Arora Group) on all the planning aspects in relation to the Northwest Runway expansion for Heathrow Airport. It is one of the largest and highest profile planning projects of this generation. Advised Quintain to provide planning advice for its strategic regeneration of Wembley Park. It comprises 1.4 million sq ft of development over three sites including affordable and private rented sector residential units and 900,000 sq ft of mixed-use development on the Stadium Retail Park. It is the UK’s largest build-to-rent development. Construction and development Acted as advisers to Public Sector Pension Investment Board (‘PSP’) and QuadReal Property Group Limited Partnership (‘QR’) in respect of a 75% investment in a Joint Venture with Unibail Rodamco Westfield for the long lease and development of a major build to rent scheme adjacent to the Westfield Shopping Centre, Stratford comprising over 1,200 high-end residential units, communal areas, leisure facilities and a retail unit. Advised HB Reavis on the acquisition and the construction of the right to build over Farringdon West Crossrail station, and subsequent procurement of a major mixed-use development at the site, comprising offices, retail at ground and basement levels, set above the new Elizabeth Line (Crossrail). HB Reavis has the largest development pipeline in Europe. Investment and disposal Advised longstanding client Vita on its landmark £600m portfolio sale of “Vita Student” assets to DWS’s real estate funds. The portfolio comprises a total of 3,198 beds in Manchester, Glasgow, Edinburgh, Leeds, Birmingham and Newcastle. Advised Brockton Everlast on significant purchases totalling in excess of £400m; Waterside House which is M&S’s new HQ. Advised Malaysian pension fund Kumpulan Wang Persaraan (KWAP) on the £c140m acquisition of 100 Cheapside, EC2. Advised long-standing client Columbia Threadneedle on the sale of Croxley Park business park for £400m. Advised the real estate investment manager DTZ Investors, in partnership with co-living developer The Collective, on the structuring, launch of and first acquisition for the world’s first fund to buy and build co-living accommodation in London. Managers and occupiers Advised AXA IM Real Assets on various pre-lettings for the 22 Bishopsgate office building which will provide c1.3m sq ft of office space and 43,000 sq ft of retail and leisure outlets. Acted for WeWork across the UK on various deals, including 133 Houndsditch in London and 99 Queen Victoria Street, London and Brindleyplace in Birmingham – this was the largest letting deal in Birmingham in 2019. Acted for Google on its acquisition of office space across London including pursuant to pre-let agreements and self-build arrangements. Financing Advised Mountpark the leading logistics property company, on the c.£150m refinancing of a pLanguages: English, French, German and Spanishortfolio of newly developed logistics assets in the UK, Ireland and Spain from Nuveen Real Estate. Advised Aviva Investors on a £136m financing in relation to a portfolio of mixed-use assets in Central London.
01/02/2021
Electronic signatures in real estate documents in England & Wales
1. Which documents can use an electronic signature and take legal effect? Generally, any document which does not need to be registered with the Land Registry or HMRC. This may in­clude:Sale/Pur­chase agree­ments;Agree­ments...
17/06/2020
Law and regulation of rental agreements in England and Wales during Covid-19
Updated on 12.05.2020. 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...
28/04/2020
Electronic Signatures in Real Estate Documents
For many within the Real Estate industry, the use of electronic signatures will be unfamiliar ground – a practice often discussed but never used. Yet, where they are capable of being used, electronic...
14/04/2020
CMS Guide to Real Estate Transaction Costs and Taxes in Europe
Comparing real estate investment values across Europe provides only part of the picture. For a true comparison, the investor will also take account of transaction costs and taxes, which can differ widely...
07/10/2019
CMS European Real Estate Deal Point Study 2019
A first glance suggests there were no major changes in the European investment market in 2018, with the investment volume being roughly the same as in the previous year at around EUR 264bn. However...
08/06/2018
Partner Interview - Marie Scott
What does quality mean to you?Getting it right – from clarity, succinctness and attention to detail, to providing advice that is tailored to a client and demonstrates a real understanding of their business...