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Media Coverage

Mayer Brown advises Gaw Capital on purchase of Marks & Spencer Global HQ

18 November 2013

London - Leading global law firm Mayer Brown has advised Gaw Capital on the purchase of Marks & Spencer’s global headquarters, Waterside House, in Paddington, on behalf of a Korean consortium.

The consortium acquired the property from Deirdre Foley, D2 Private, the Irish property investment company.

Martin Wright previously advised Chelsfield on its pre-let of the 13 storey Waterside House to Marks & Spencer on a 20-year lease in June 2003.

Martin Wright, European Head of Real Estate at Mayer Brown, said: "London is the most exciting city globally in terms of real estate investment and we have seen a significant increase in interest from Asian investors into the London real estate market, no matter what sector. Overseas investment from Asia will certainly grow in 2014 and we could, by the end of this year, see turnover exceeding pre-global financial crisis levels.”

Mayer Brown has advised a number of overseas investors on acquisitions in London this year, including: 

  • China Overseas Holdings £170m purchase of the Centrium building on Aldwych this month, following their debut acquisition in London of 1 Finsbury Circus last year;
  • Singaporean property developer, Sinar Mas Land Limited, on the £84m purchase of New Brook Buildings, London, their first acquisition outside of Asia;
  • Ho Bee Investment on the £67.2m purchase of Rose Court, London and;
  • The £260m purchase and financing of the Lloyds Building by a Chinese investor.

The Mayer Brown team advising Gaw Capital was led by Martin Wright, European Head of Real Estate and included Real Estate Finance partner Andrew Hepner, Real Estate senior associate Ben Henry and Corporate & Securities partner Richard Page and associate Jonathan Musker.

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Related Information

  • Related People
    Martin Wright
    T +44 20 3130 3319
    Andrew Hepner
    T +44 20 3130 3977
    Richard Page
    T +44 20 3130 3787
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