BLP real estate partner Graham Lloyd-Brunt brought the client with him when he joined from Norton Rose in October 2004. He led the team that included lawyers in the Munich office of Beiten Burkhardt.
“MPC is an exciting new client for BLP as it was one of the first German closed-ended funds to invest in London. German individuals continue to have a strong appetite for this type of investment product,” said Lloyd-Brunt.
The German closed-ended fund, created by MPC, acquired 265 Strand – the London home of Covington & Burling and Cadwalader Wickersham & Taft – for £70.8m from German open-ended fund Commerz Grundbesitz Investmentgesellschaft. MPC, headquartered in Hamburg, has invested more than E4bn (£2.76bn) of equity and more than E10bn (£6.9bn) in investments.
Lloyd-Brunt’s former firm Norton Rose advised the seller and Taylor Wessing advised HSH Nordbank, which provided finance.