Withers has advised the State Bank of India over a £300 million ($423 million) loan facility for the acquisition of The Old War Office in London by the Hinduja Group, which was represented by Norton Rose Fulbright.
The landmark property was acquired by The Hinduja Group in partnership with Spanish development company Obrascon Huarte Lain Desarrollos and is intended to be converted into a luxury hotel.
The Withers team was led by partners David Dannreuther and Paul Brecknell.
Withers has welcomed back private client and tax attorney Laurence Ho as a partner in its Hong Kong office from Loeb & Loeb.
UK law firm Withers has broadened its ASEAN offering after entering into a formal association with Indonesian boutique Karna Partnership.
The Asian market has been through a tumultuous few years, with pandemic-related disruptions, inflation and geopolitical conflicts breaking economic momentum - and the legal industry has not been spared. Chief executives of global law firms with a strong Asian presence share how firms have diversified client bases, responded to fast-changing client demands and explored new Asian markets to continue growth during this period.