SJB, Freshfields, Ashurst lead £3.2bn Terra Firma property purchase

SJ Berwin, Freshfields Bruckhaus Deringer and Ashurst are among a line-up of firms advising on Terra Firma's £3.2bn takeover of Annington Homes from Japanese investment bank Nomura. Annington, which owns the Ministry of Defence's married quarters estate, comprises around 40,000 properties. The deal value of £3.2bn includes £1bn of new equity from a Terra Firma specialist fund and new debt financing and £2.2bn assumed debt.

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