Howard Hughes and Pershing Square Align for New Growth Strategy
Deal News | May 06, 2025 | Hogan Lovells
Howard Hughes Holdings has entered into a transaction with Pershing Square to bolster its diversified holding company strategy. Pershing Square will provide investment advisory services under a new agreement, complementing a range of governance provisions between the entities. Hogan Lovells served as the legal advisor to Howard Hughes' Special Committee throughout the process. This transaction, approved by the Howard Hughes Board of Directors and completed following a thorough proposal evaluation, illustrates Hogan Lovells' prowess in advising corporate entities on complex board matters, combining expertise in real estate with public company governance. David Bonser of Hogan Lovells highlighted the firm's commitment to supporting Howard Hughes towards long-term growth.
Sectors
- Real Estate
- Investment Management
- Legal Services
Geography
- United States – Howard Hughes Corporation operates across the U.S., where the transaction took place.
Industry
- Real Estate – Howard Hughes Corporation primarily deals in commercial, residential, and mixed-use real estate development and management.
- Investment Management – Pershing Square is providing investment advisory services to Howard Hughes as part of the agreement.
- Legal Services – Hogan Lovells provided legal advisory services to Howard Hughes' Special Committee.
Financials
- – Financial terms of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Howard Hughes Holdings | Target Company | Company | A diversified holding company involved in real estate. |
| Pershing Square | Investment Advisor | Company | Investment management firm providing advisory services to Howard Hughes. |
| Hogan Lovells | Legal Advisor | Company | Law firm advising Howard Hughes' Special Committee. |
| David Bonser | Global Managing Partner | Person | Global Managing Partner of Corporate practice at Hogan Lovells, involved in advising the transaction. |
| Howard Hughes Board of Directors | Approver | Company | Approved the transaction after the Special Committee's recommendation. |