Mayer Brown advises British Land on the sale of its assets to GIC
The transaction establishes a new joint-venture with an ownership split of 75:25 between the two entities
By : Legal Era
Update: 2022-07-27 17:45 GMT
Mayer Brown advises British Land on the sale of its assets to GIC
The transaction establishes a new joint-venture with an ownership split of 75:25 between the two entities
Global law firm Mayer Brown has advised British Land, one of the largest property development and investment companies in the UK, on the sale of the majority of its Paddington Central assets to Singaporean Sovereign wealth fund GIC for £694 million.
This means dominion of 75:25 for GIC and British land, respectively.
The Mayer Brown team was led by Real Estate partner Caroline Humble and Corporate & Securities partner Richard Page.
The team comprised Corporate & Securities senior associate Alastair Dolman and associate Maddy Pryde, Real Estate senior associate Sam Harris and associate Hollie Norman and Tax partner Simon Rose.
Others in the team included Real Estate partners Anita Jones, Iain Roberts, Simon Price, counsel Ross Berridge, senior associates Erin Brayshaw and Tim Collier and associates Tanaz Nowrouzzadeh, Chloe Fong Luther Goh-Mah, Kirsty McLeish, and Isabel Hershman; Corporate & Securities partner Tim Nosworthy and associate Laura Baker;
They were also assisted by Litigation & Dispute Resolution partners Jonathan Stone and Mark Stefanini, senior associates Peter Parten and Charles Pacey; Tax partner Kitty Swanson and associate Emma Noehrbass; Employment & Benefits partner Miriam Bruce and senior associate Emma Wayland; IP partner Oliver Yaros; Government & Global Trade partner Jason Hungerford; Financial Services Regulatory & Enforcement counsel Neil Macleod and Environment counsel Tim Baines.