London - Mayer Brown has advised CIT Group, a private equity investor, on the acquisition of the Finsbury Tower building in London for £106 million.

The 153,000 sq ft office building, purchased from Hermes Investment Management, borders the City of London and Shoreditch. The building was designed by Richard Seifert in the 1960’s and comprises 15 floors.

Chris Harvey, Real Estate partner at Mayer Brown, said: “Finsbury Tower’s proximity to Silicon Roundabout, near Old Street will appeal to a wide variety of businesses who want to base themselves at the heart of tech city. It’s a great development opportunity and we are delighted to have successfully acted on our first transaction for CIT.”

The Mayer Brown team was led by Chris Harvey and included senior associate Iain Roberts; Banking & Finance partner Trevor Wood and associate Lara Pearce; Corporate & Securities partner Jeremy Kenley and senior associate Katherine Woods; Environmental partner Michael Hutchinson and lawyer (Australian) David Thorpe; and Tax Transaction & Consulting partner Sandy Bhogal and senior associate Simon Slade (all London).