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Mayer Brown advise J.P. Morgan on purchase of Canary Wharf Group’s 25 Bank Street building

23 December 2010

Leading global law firm Mayer Brown has advised US investment bank J.P. Morgan on the £495 million ($762 million) acquisition and refurbishment of 25 Bank Street, Canary Wharf in London from Canary Wharf Group.

The building, which has over one million square foot of floor space, will become the new European headquarters for J.P. Morgan’s Investment Bank. J.P. Morgan has been granted a new 999 year lease of the property.

These moves, together with the addition of J.P. Morgan at 25 Bank Street, contribute significantly to increasing the working population of Canary Wharf, taking it above 100,000 for the first time.

Mayer Brown Real Estate partner, Jeremy Clay, said: “We were delighted to help J.P. Morgan in relation to the acquisition of their new European Investment Bank Headquarters, and their continued investment in the UK.”

A Mayer Brown Real Estate-led team comprising Real Estate, Corporate, Insolvency, Capital Markets, Construction and Tax lawyers advised on the transaction. 

On the Real Estate side, partner Jeremy Clay led the team along with Real Estate partners Anita Jones and Nick Marshall, senior associate Iain Roberts and associate Kirsty Sherwood.

The Mayer Brown team also included Capital Markets partner Drew Salvest; Corporate partner Richard Page; Insolvency partner Ian McDonald; Construction partner Chris Fellowes and associate Debbi Simon; Tax partner Peter Steiner together with partners in the firm’s New York and Chicago offices.

Clifford Chance advised Canary Wharf Group on the acquisition by J.P. Morgan.

For further information:

Senior PR & Marketing Manager
Mayer Brown, London
+44 20 3130 8547

Related Information

  • Related People
    Scott A. Anenberg
    T +1 202 263 3303
    Jeremy Clay
    T +44 20 3130 3988
    Chris Fellowes
    T +44 20 3130 3382
    Anita Jones
    T +44 20 3130 3881
    Ian McDonald
    T +44 20 3130 3856
    Richard Page
    T +44 20 3130 3787
    Iain Roberts
    T +44 20 3130 3048
    Kirsty Harrower
    T +44 20 3130 3570
    Jeffrey P. Taft
    T +1 202 263 3293

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