Mayer Brown advises Ho Bee Land Limited on its £43.9 million purchase of 60/62 St Martin's Lane, London
30 October 2014
London - Leading global law firm Mayer Brown has advised Ho Bee Land Limited, through its wholly owned subsidiary HB St Martins Pte. Ltd. (“HBSM”), on the purchase of 60/62 St Martin’s Lane, London for £43.9 million.
Ho Bee Land Limited, a Singapore-based real estate development and investment company, acquired the prime trophy office and retail building, located in the heart of Covent Garden, from St Martin’s Property Limited.
Mayer Brown has previously assisted Ho Bee Land Limited on its purchase of Rose Court for £67.2 million in 2013.
Martin Wright, European Head of Real Estate at Mayer Brown, said: "Overseas investors continue to be drawn to London for its real estate investment opportunities and we’re seeing sustained level of interest in purchasing prime assets in central London locations, such as St Martin's Lane. Ho Bee is a valued client of the firm and we are delighted to assist them in the purchase of this property."
Mayer Brown has recently acted for a number of overseas investors on high value UK acquisitions, including advising China Overseas Holdings Limited on its forward purchase of Carmelite Riverside, London for £143 million, Gaw Capital Partners on the acquisition of Exchange Tower in London’s Docklands for £191 million and Ping An Insurance on the acquisition of the Lloyds of London Building for £260 million.
The Mayer Brown team was led by European Head of Real Estate Martin Wright and included Real Estate senior associate Danielle Gerber.
McGuireWoods LLP advised St. Martin’s Property Limited.