London — Mayer Brown has advised Chinese Estates Holding Limited, a Hong Kong-listed property development company, on the acquisition of 11-12 St James's Square, London from the Employees’ Provident Wealth Fund of Malaysia for £174.9 million.
The 80,000 sq ft office building is multi-let to tenants including Blackstone and Marble Bar Asset Management.
Chris Harvey, head of Real Estate in London at Mayer Brown, said: “11-12 St James's Square is a prestigious London building and makes an excellent addition to Chinese Estates' prime central London real estate portfolio. We are delighted to advise Chinese Estates in this transaction.”
Mayer Brown has previously advised Chinese Estates on the purchase and financing of 61-67 Oxford Street, London for £180 million in May 2016.
The Mayer Brown team was led by Chris Harvey and included Real Estate partner Andrew Hepner, senior associates Tim Collier and Robert Patterson and associates Annabel Ersser, Natalie Carter and Erin Daly; Tax Transactions & Consulting partner Sandy Bhogal and senior associate Simon Slade; Environmental partner Michael Hutchinson; and Corporate & Securities senior associates Dominic Palmer and Simon Allison and associate Charlie Clendon.