Ogier and Berwin Leighton Paisner (BLP) acted as lead counsel for Hong Kong-based CC Land in its landmark £1.15 billion (US$1.43 billion) acquisition of a building reported to have the highest rents in London.
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BLP core deal team leader
The purchase of London’s iconic “Cheesegrater” building is believed to be the second-largest single asset sale in the City’s history after the HSBC tower deal in Canary Wharf in 2014. CC Land exchanged contracts with joint owners British Land and Oxford Properties on the 46-floor Leadenhall Building, Ogier said.
BLP said the parties agreed to the transaction on 1 March 2017, and completion is conditional on buyer’s share-holder approval.
Legal counsel: Ogier advised on the Jersey and BVI law aspects of the purchase. Partner Raulin Amy led the team. The BLP core deal team was led by Chris de Pury, head of real estate, corporate partner Adam Bogdanor and head of tax Elizabeth Bradley. Mayer Brown acted for British Land and Herbert Smith Freehills advised Oxford Properties.
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