Berwin Leighton Paisner and Ogier have advised Hong Kong-listed property firm CC Land on its $1.4 billion acquisition of London's iconic Leadenhall Building from a joint venture between British Land and Canada’s Oxford Properties.
Mayer Brown JSM and Herbert Smith Freehills were also involved in the deal, acting for British Land and Oxford Properties, respectively.
The deal is the largest Chinese purchase of British real estate and is the second-largest single asset sale in the City’s history after the sale of HSBC’s global headquarters for $1.85 billion in 2014.
Nicknamed “Cheesegrater” for its wedge shape, Leadenhall Building was completed in 2014 and is one of the tallest and most recognizable structures in London. The skyscraper is fully let and is said to charge the highest rents in the City.
The BLP team was led by head of real estate Chris de Pury, partner Adam Bogdanor and head of tax Elizabeth Bradley. Ogier was represented by a team headed by partner Raulin Amy.
