Mayer Brown advises Gaw Capital on acquisition of Exchange Tower for £191 million
20 October 2014
London - Leading global law firm Mayer Brown has advised Gaw Capital Partners and a consortium of Asian investors on the acquisition of Exchange Tower in London’s Docklands for £191 million.
Gaw Capital, a real estate private equity fund management company based in Hong Kong, acquired the property from BlackRock Europe Property Fund III.
Mayer Brown has previously advised Gaw Capital on the acquisition by Ping An of the iconic Lloyd’s building for £260 million and on the purchase of Marks & Spencer’s global headquarters, Waterside House, in Paddington, for a consortium of Korean investors in 2013.
Martin Wright, European Head of Real Estate at Mayer Brown, said: "London continues to be an attractive location for real estate investment. The trend for Asian investment in London is set to continue into 2015 with sustained levels of interest in Central London assets and particularly in Docklands with its larger lot sizes and higher yields. Gaw Capital is a valued client and we are delighted to assist them in their investment activities.”
The Mayer Brown team was led by European Head of Real Estate, Martin Wright and included: Real Estate Finance partner Andrew Hepner; Real Estate associates Salma Daneshmand and Heather Macintosh; Corporate & Securities partner Richard Page and associate Jonny Musker; Banking & Finance partner Ed Parker and senior associate Marcin Perzanowski ; Litigation - Construction partner Jon Olsen-Welsh, senior associate Ryan Fordham and associate Seb Cunningham and Tax Transactions & Consulting senior associate Simon Slade.
Berwin Leighton Paisner LLP advised the seller.