Ben Eaton

Ben Eaton

Shareholder

Ben Eaton focuses his practice on the tax aspects of real estate transactions and investment funds. He has deep experience advising on the tax aspects of real estate investment, financing, development, and leasing, as well as the structuring of funds and joint ventures investing in real estate and real estate debt, and transactions involving real estate operating businesses. While he works primarily in the real estate sector, Ben also has experience of advising on the tax aspects of private equity transactions and funds investing in other asset classes.

Much of Ben’s work involves advising on international tax issues associated with cross-border investment and The Legal 500 UK has recognized Ben for his “outstanding knowledge of foreign tax systems and [ability] to use that knowledge to provide multijurisdictional structuring advice.”

Capabilities

Tax

Experience

  • Represented Medical Properties Trust on its €1.635 billion joint venture with a fund managed by Primonial Group to hold 71 hospitals in Germany.°
  • Represented Medical Properties Trust on the acquisition and development funding of a new Circle-operated hospital in Birmingham.°
  • Represented Henderson Park on the establishment of a joint venture with Greystar for the £140.5 million acquisition and forward funding of a central London residential portfolio from Barratt Developments.°
  • Represented Gramercy Property Europe plc on the €1.085 billion sale of Gramercy’s European logistics portfolio to a consortium of clients managed by AXA Investment Managers.°
  • Represented Workspace Group PLC on numerous acquisitions and disposals, including the acquisition of the Jersey company, which owns Salisbury House at 28-31 Finsbury Circus, London EC2, valuing the asset at c.£160 million.°
  • Represented Deutsche Asset & Wealth Management on the £370 million acquisition and forward funding of the development of the new HQ for the United Kingdom Financial Conduct Authority.°
  • Represented funds advised by M7 on numerous acquisitions and refinancings of assets in Denmark, Finland, France, Germany, Ireland, the Netherlands, Sweden, and the United Kingdom.°
  • Represented funds advised by GreenOak on acquisitions and co-investments in France, Italy, and Spain.°
  • Represented M7 on the formation and seeding of a €500 million open ended real estate fund.°
  • Represented GreenOak Real Estate on the establishment and €656 million final close of its second European real estate fund, GreenOak Europe Fund II, and associated co-investments, having previously advised on the establishment and closing of its predecessor fund.°
  • Represented Gramercy Property Europe on the establishment and €260 million closing of Gramercy Property Europe III Limited.°
  • Represented GreenOak Real Estate on the establishment and €600 million closing of GreenOak Europe Secured Lending Fund and £625 million closing of GreenOak UK Secured Lending Fund II, having previously advised on the latter’s predecessor fund.°
  • Represented M7 Real Estate on the establishment and €400 million closing of M7 European Real Estate Investment Partners IV LP and associated note issuance, having previously advised on the establishment and closing of its predecessor funds and note issuances.°
  • Represented Kreos Capital on its €400 million fundraising of Kreos Capital V, having previously advised on the establishment and closing of its predecessor fund.°
  • Represented Ares Management in relation to Ares European Property Enhancement Partners II, with total commitments at final closing of €665 million.°
  • Represented a global fund manager on a series of pan-European real estate funds.°
  • Represented Tunstall Real Estate Asset Management on a 50/50 joint venture with Starwood Capital Group to acquire Pinnacle Group.°
  • Represented GreenOak Real Estate on its acquisition of Grafton Advisors from UK property developer Quintain Limited, a wholly owned subsidiary of Lone Star Real Estate Fund IV.°
  • Represented a global real estate fund manager on the acquisition of a self-storage business in Italy and restructuring of the ownership of its real estate assets using an Italian regulated real estate investment fund.°
  • Represented Mount Street LLP on its acquisition of Morgan Stanley Mortgage Servicing Limited, a vehicle responsible for the servicing and special servicing of £4.5 billion of CMBS/RMBS assets.°
  • Represented TA Associates on its acquisition of Russell Investments from the London Stock Exchange Group plc and Reverence Capital Partners on its minority investment in Russell Investments with a total transaction value of US$1.15 billion.°
  • Represented Amplify Snack Brands, Inc. on its £300 million acquisition of the Tyrells’ group of companies.°
  • Represented ECI Partners LLC on the sale by Kelvin Hughes Group of ChartCo for £55 million.°
  • Represented G Square on the acquisition by Tracscare of Brookdale Care.°

°The above representations were handled by Mr. Eaton prior to his joining Greenberg Traurig, LLP.

Recognition & Leadership

  • Team Member, PERE Global Awards, Law Firm of the Year: Fund Formation in Europe, 2018 
  • Listed, The Legal 500 UK, 2018
  • Member, The Law Society’s Tax Committee and Chair of the Stamp Taxes Working Group
  • Associate Member, British Property Federation Tax Committee
  • Member, Stamp Taxes Practitioners Group.

Credentials

Education
  • LL.M., University of Cambridge, Selwyn College, 1993
  • Law Society Finals, The College of Law - Chester, 1992
  • M.A., University of Cambridge, Selwyn College, 1991
Admissions
  • England and Wales