The City has seen one of its largest property transactions to date, the Peabody Fund’s sale of Cutlers Gardens Estate for more than £400m. Wragge & Co teamed up with Nabarro Nathanson to advise the Peabody Fund, which is a joint venture between O’Connor Capital Partners and JPMorgan. Wragges real estate partner Sally Pinkerton led on the property elements of the sale. Nabarros’ corporate real estate group, headed by Amanda Howard, acted on the corporate structuring and tax side of the transaction. Herbert Smith, meanwhile, acted for the purchaser, private equity firm Rockpoint, with property partner Ian Cox and corporate partner Austin Sweeney leading the team. SJ Berwin will be disappointed on missing out on all the action. The firm advised the Peabody Fund on its £300m purchase of the estate five years ago.