London Mayer Brown has advised a Hong Kong-based private investor on the purchase of Aldwych House, London for £250 million. This is the first real estate acquisition in London for the investor.

The iconic London property was purchased from GI Partners, the private investment firm and Rowan Asset Management, the property company and investment partner.

Aldwych House, situated at 71-91 Aldwych, WC2, is a 10-storey building in the heart of London’s Midtown and provides 176,000 sq ft of office space. The property is fully let to occupiers including WeWork, Comcast, and Wasserman Media.

Chris Harvey, UK head of Real Estate at Mayer Brown, said: “The purchase of this prestigious London building demonstrates the continued demand for prime real estate assets by overseas investors. We are delighted to advise our client on their first real estate acquisition in London.”

The Mayer Brown team advising on the deal was led by Chris Harvey and included Real Estate partner Andrew Hepner, senior associate Robert Patterson and associates Natalie Carter and Annabel Ersser; Construction & Engineering partner Jonathan Olson-Welsh and senior associates Sebastian Cunningham, Sean Hummerstone and Peter Parten, and associate Charles Pacey; Corporate & Securities senior associates Simon Allison and Dominic Palmer; Environmental partner Michael Hutchinson and lawyer (New Zealand) Josh McGettigan; Insurance partner Andrew McGahey; and Tax Transactions & Consulting partner Sandy Bhogal and senior associate Kitty Swanson.

Mishcon de Reya advised Rowan Asset Management and GI Partners on the sale.