London — Mayer Brown has advised Emperor International Holdings, an investment holding company based in Hong Kong, on the purchase and financing of the Ampersand building in London for approximately £260 million.
The 90,999 sq ft property, comprising retail space, office premises and leasehold apartments over eight floors, has three street frontages located at 111-125 Oxford Street, 178 Wardour Street and 15 Hollen Street.
Chris Harvey, Head of Real Estate in London at Mayer Brown, said: “The Ampersand building is a landmark property in one of London's most vibrant areas. It will prove to be an excellent investment for Emperor with its prime location and solid rental income from office and retail tenants. We are delighted to have successfully acted for Emperor as they expand their portfolio in London.”
Mayer Brown previously advised Emperor on the purchase of 25-27 Oxford Street, London in June 2015.
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 Natalie Carter and Annabel Ersser; Corporate & Securities partner Jeremy Kenley, senior associates Simon Allison and Dominic Palmer and associates Charles Clendon and Oliver Lyons; Construction & Engineering partner Christopher Fellowes, and associates Emily Dyson and Peter Parten; Tax Transactions & Consulting partner Sandy Bhogal and senior associate Simon Slade; Environmental partner Michael Hutchinson; and Intellectual Property partner Oliver Yaros.