Mayer Brown advises Sinarmas Land Limited on the purchase of Alphabeta building
21 July 2015
London - Leading global law firm Mayer Brown has advised one of Southeast Asia’s largest property development companies, Sinarmas Land Limited, on the purchase of the Alphabeta office building in Finsbury Square, London.
The 220,000 sq ft building, formerly known as Triton Court and located on the border of Shoreditch and the City, is a completely refurbished office building comprising high quality Grade A accommodation on the lower ground to eighth floors.
The property was sold by Resolution Property.
Sinarmas Land Limited is listed on the Singapore Exchange and headquartered in Singapore. It is the largest and most diversified property company in Indonesia, with long-term investments in major commercial buildings, hotels and resorts. It is also involved in property development and leasing in Indonesia, China, Malaysia and Singapore.
The Mayer Brown team was led by European Head of Real Estate, Martin Wright and included Real Estate Finance partner Andrew Hepner, senior associates Robert Patterson, Danielle Gerber and Kirsty Sherwood, and associates Heather MacIntosh and Gareth Shackleton; Corporate & Securities partner Jeremy Kenley, senior associate Dominic Palmer and associate Amy Tregunna; Environment & Planning partner Michael Hutchinson and Construction & Engineering partner Jonathan Olson-Welsh and associate Charles Pacey; and Tax Transactions & Consulting partner Sandy Bhogal, senior associate Benjamin Fryer and associate Kitty Swanson.
The firm has recently acted for a number of overseas investors on high value UK transactions, including advising Sinarmas Land Limited on the sale of New Brook Buildings, London for £113.7 million, 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 its purchase of Tower Place, London for £327 million.