Practice Areas - Real Estate Law Firms and Lawyers
| Deal Date: | 22-06-2015 | Practice Area: | Real Estate |
| Deal Title: | Prime Investors Capital - Leasehold at Admiralty Arch, London | Industry: | Public Sector |
| Description: |
Berwin Leighton Paisner advised Prime Investors Capital Limited in relation to the acquisition of the long leasehold of Admiralty Arch from the UK Government, which completed ahead of schedule on 17 June.
BLP acted on all UK aspects of the transaction including the equity and debt funding and the negotiations with the Government, in a project lasting almost three years. Admiralty Arch is a grade 1 listed building and a London landmark with historical and architectural significance. Originally designed as a ceremonial passage from Trafalgar Square towards Buckingham Palace, PIC planned to renovate the former office space into a 5 star hotel, residences and private members' club. GBP65.5 million was paid to the Government for the leasehold interest.
A multi-disciplinary BLP team, led by partners David Battiscombe and Adam Bogdanor, acted for PIC.
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| Financial Center: | London | Value: | 0.00-100.00 |
| Advised Party: | Real Estate Lessee | Law Firm | Berwin Leighton Paisner |
| United Kingdom | United Kingdom | ||
| Classification: |
Real Estate Leasing |
Lawyer | Adam Bogdanor |
