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Sheena Ray

Partner

England & Wales

020 3319 3700

sheena.ray@keystonelaw.co.uk

“I have worked with Sheena Ray on multiple land sales and couldn’t be more impressed. She is extremely efficient, highly knowledgeable, and always operates with the utmost integrity. Every transaction was handled with professionalism and care, giving me complete peace of mind throughout the process. I highly recommend her services to anyone looking for a trustworthy and capable legal professional.”

- L. Alice, client

Sheena is a commercial property specialist with global and national experience advising funds and investors on sales, acquisitions, and the ongoing asset management of their UK portfolios, and advising businesses on their UK property needs across all sectors.

She is also skilled in the real estate aspects of private equity acquisitions, and corporate mergers and acquisitions, as well as commercial property development, refinancing, and distressed asset sales.

Expertise

Sheena advises on all aspects of commercial property transactions, including the property elements of corporate acquisitions, disposals, restructures and refinancings, supporting clients through high-value deals, strategic exits, and time-sensitive opportunities.

Experience

  • Acted for a major global bank in the refinancing of the iconic Walkie Talkie skyscraper in London.
  • Advised on real estate aspects of the £2.7bn acquisition of the Greene King pub portfolio.
  • Advised aerospace and defence materials producer Allegheny Technologies Incorporated on the sale of its Sheffield operation to the private equity company Mutares SE & Co. KGaA.
  • Advised Queensland Investment Corporation Global Real Estate on the refinancing of £210m of debt secured on its interest in a major UK shopping centre.
  • Acted for a Czech bank in the £600m development financing of a central London site.
  • Advised Clinical Partners Limited on the property aspects of the corporate acquisition of the renowned Oxford ADHD and Autism Centre.
  • Advised on the real estate aspects of the £18m private equity share sale of Smythson Limited.
  • Advised a Chinese property investment company on the acquisition of a Jersey property unit trust.
  • Advised BlackRock Investment Management on its headquarters relocation at Drapers Gardens, London.

Sheena supports clients with all aspects of property portfolio management, including landlord and tenant matters, lease negotiations, renewals, and asset optimisation across retail, office, industrial, and mixed-use properties.

Experience

  • Advised The Crown Estate on its significant urban, rural, and marine portfolio.
  • Advised Aldi Stores Limited on the rollout of its 1,000 store programme by 2020, involving a significant portfolio of development sites across England and Wales.
  • Advised Waitrose Limited on the development of its national portfolio, including the first “Little Waitrose” store.
  • Advised various pension funds on the long-term asset management of industrial parks, retail parks, and office blocks across the UK.

Sheena is a commercial property specialist who advises a variety of high-profile national and regional clients, particularly in the healthcare sector.

Experience

  • Acted for City and County Healthcare Group on the commercial property aspects of multiple acquisitions of care home and supported living businesses.
  • Acted for Clinical Partners Limited on the commercial property aspects of the acquisition of Oxford ADHD.
  • Advised London Medical and Aesthetic Clinic Limited in respect of its commercial property requirements across London.
  • Advised Parkside Pharmacare group in respect of the property aspects of multiple business acquisitions.
  • Advised an optician group on its retail leasehold portfolio acquisitions.

Sheena is a specialist in commercial property law, often advising international investors and high-profile clients in the retail sector such as Aldi and Waitrose. She advises on acquisitions, disposals, and all other aspects of property portfolio management.

Experience

  • Advised Kuwait Business Town Real Estate Co on its purchase of a retail park shopping complex located in Oldham, Greater Manchester, for £54m.
  • Advised Hermes Real Estate Investment Management on its acquisition from Westfield of a 50% stake in three UK shopping centres with a combined value of £400m.
  • Advised Queensland Investment Corporation Global Real Estate on the refinancing of £210m of debt secured on its interest in a major UK shopping centre.
  • Advised Aldi Stores Limited on the rollout of its 1,000 store programme by 2020, involving a significant portfolio of development sites across England and Wales.
  • Advised Waitrose Limited on the development of its national portfolio, including the first “Little Waitrose” store.
  • Advised premium jeweller Jessica McCormack Limited on its commercial property requirements across London.

Sheena acts for developers on all aspects of property development, including site acquisition, assembly, planning, and disposals.

Experience

  • Acted for a Czech bank in the £600m development financing of a central London site.
  • Acted for Newcastle International Airport Limited on its high-value and complex developments.
  • Advised UK Land Estates Limited and The Northumberland Estates on their extensive commercial development portfolio.
  • Advised Aldi Stores Limited on the rollout of its 1,000 store programme by 2020, involving a significant portfolio of development sites across England and Wales.
  • Advised Waitrose Limited on the development of its national portfolio, including the first “Little Waitrose” store.

Please note: The experience list above may include examples of work completed prior to joining Keystone Law.

Recognition

Appointed as a First-tier Tribunal Judge by HM Judicial Office

Sheena qualified as a solicitor in 2008. Prior to joining Keystone Law in 2020, she worked at the following firms:

  • Clifford Chance
  • Hogan Lovells