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Eversheds and Mishcon de Reya both took leading parts in the £305m sale of the Rolls Building to Legal & General Property (L&G).
L&G bought the Rolls Building, which houses the Chancery Division, the Admiralty and Commercial Court and the Technology and Construction Court, as well as Weil Gotshal & Manges’ London offices, from a joint venture between funds managed by HBOS and Delancy.
Eversheds advised regular client L&G. Head of London real estate Bruce Dear, who also advised L&G on its £116m student accommodation deal in September (19 September 2011), led on the deal for Eversheds, working alongside Clare Rudd. Head of real estate tax Clive Jones and construction partner Jon Bowley also advised.
Mishcon de Reya advised the joint venture as sellers. Real estate partner Nick Minkoff led on the deal for Mishcon, with Forsters’ commercial property partner Sophie Hamilton providing final sign off for the parties.
In 2006, while a partner at SJ Berwin, Minkoff advised Delancy and Invista Real Estate funds on the development of the Rolls Building (14 December 2006).