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Paul Balaam

Counsel

Paul focuses on a broad range of cross-border commercial property transactions, including real estate finance transactions, real estate investment funds, hotel management agreements, joint ventures, ground leases and acquisitions and dispositions of commercial property.
Paul represents corporate clients, sovereign wealth funds, debt funds and financial institutions.

Experience

Representative matters

Shorenstein Properties on the establishment of its seventh to twelfth real estate investment funds.

Landesbank Baden-Württemberg on a $1.25 billion mortgage loan secured by 1633 Broadway, New York City.

Mubadala Development Company on its investment in a joint venture to acquire and redevelop The Park Lane Hotel, a luxury high-rise hotel, overlooking Central Park in Manhattan.

Olayan America on its financing of the former Sony Building located at 550 Madison Avenue in New York City.

Goelet LLC in connection with the ground lease of 150 East 42nd St in New York City.

Wafra Investment Advisory Group, Inc. on the formation of a real estate investment fund targeting multi-family properties.

A sovereign wealth fund, as a lender, on a construction mezzanine financing transaction involving the development of 220 Central Park South.

Mubadala Development Company, GTIS Partners, Wafra Investment Advisory Group, Inc. and sovereign wealth fund clients in connection with their investments in various joint ventures in the United States.

Deutsche Bank on a $110 million mortgage loan secured by a student housing complex.

Brooklyn Bridge Park Corporation on its long-term leasing of all of the development sites at Brooklyn Bridge Park in New York.

GTIS Partners, as the borrower, on various fund subscription credit lines.

Taj Hotels on the acquisition and financing of two hotels in the United States and in connection with its operation of The Pierre Hotel in New York City.

Iron House Real Estate on the development of a Four Seasons hotel and residences in Sao Paulo, Brazil, including the negotiation of hotel management agreements and joint venture documentation with a private investor.

Published Work

  • Balaam. P (2017) “Financing Hotels in the United States: Key Considerations”, United States: Real Estate Finance Journal

Qualifications

Admissions

England & Wales, 2007

New York, 2002

Queensland, 2001

Academic

LL.B. (Hons), Law, Queensland University of Technology, 1998

Bachelor of Business, Accountancy, Queensland University of Technology, 1998

Languages

English
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.