Conyers advises ADCM on Cayman-domiciled real-estate acquisition vehicle
Conyers Dill & Pearman has advised Abu Dhabi Capital Management (ADCM) on the formation and certain legal documentation of a Cayman domiciled real-estate acquisition vehicle that acquired 1 Palace Street, a Grade II-listed former hotel building located close to Buckingham Gate in London.
The building comprises 245,000ft² of development space, which will produce 78 luxury apartments, a restaurant and health centre.
ADCM was established in Abu Dhabi as an alternative investment firm seeking opportunistic investments across various sectors and regions. ADCM recently won the award for Best Private Equity Fund at the Banker Middle East Product Awards 2014 in recognition of the performance of its ADCM secondary private equity fund LP, which Conyers also advised on.
Fawaz Elmalki of Conyers’ Dubai office advised ADCM on the formation and certain legal matters relating to both the 1 Palace Street investment vehicle and the ADCM secondary fund.
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
The Bermuda government recently approved an amendment to Bermuda’s trust legislation.
A shareholder in a BVI company seeking to bring a derivative claim in Hong Kong must first obtain the permission of the BVI court.