Mayer Brown advises Gaw Capital Partners on purchase of 123 Buckingham Palace Road and associated financing
12 February 2016
London - Mayer Brown has advised Gaw Capital Partners, the Hong Kong-based real estate private equity firm, on the purchase and financing of 123 Buckingham Palace Road, Victoria, SW1, on behalf of a consortium of investors. The firm also advised Gaw Capital on the financing of the simultaneous acquisition of 151 Buckingham Palace Road, Victoria, SW1.
Together, the landmark properties provide 480,000 sq.ft. of office space with ground floor retail offering.
Martin Wright, European head of Real Estate at Mayer Brown, said: “The regeneration of London's West End will continue to drive demand for prime office spaces, such as 123 and 151 Buckingham Palace Road. This is a landmark investment property for Gaw Capital and we are delighted to assist them as they continue to invest in high-quality assets.”
The Mayer Brown team was led by Martin Wright and included Real Estate Finance partner Andrew Hepner, Real Estate senior associate Danielle Gerber and associate Annabel Ersser (all London); Corporate & Securities partners Richard Page (London) and Brian May (Chicago), senior associates Dominic Palmer and Jonathan Musker and associate Christian Higham (all London); and Tax Transaction & Consulting partner Sandy Bhogal and senior associates Simon Slade (all London) and Michael Loquercio (Chicago).
Mayer Brown has advised Gaw Capital on several London real estate investments since 2013, including the acquisition of Exchange Tower in London’s Docklands for £191 million in October 2014, the purchase and financing of London’s Tower Place on behalf of Ping An Insurance in January 2015 and the purchase of Marks & Spencer’s global headquarters, Waterside House, in Paddington, on behalf of a Korean consortium in November 2013.