Real estate deals round-up

Clifford Chance (Robert MacGregor) advised Canary Wharf Group on the £1.1bn sale of two buildings to Royal Bank of Scotland (RBS).  The deal, believed to be the largest ever UK office investment sale, involves the landmark Citigroup Tower and 5 Canada Square. SJ Berwin (Stephen Willson) and Allen & Overy (Imogen Moss) jointly advised RBS.

Forsters (Sophie Hamilton) represented Clerical Medical Management Funds in the acquisition of the Brunel Centre from London & Associated Properties. Charles Russell (Amanda Crowe) and Donaldsons (Stuart Cunliffe) jointly advised London and Associated Properties on the £12.22m deal.

SJ Berwin (Jon Vivian) advised Brixton on the disposal of Drake and Swan House to Zamora. The £18.25m deal was part of Brixton’s ongoing strategy to reduce its holdings within the office sector. Nabarro Nathanson (Andrew Kinsey) acted for Zamora.

Gibson Dunn & Crutcher (Alan Samson) acted for Marriott International on the negotiation and completion of leases at the Grovesnor House Hotel in Mayfair and the Shelbourne Hotel in Dublin. Arthur Cox (Dan O’Connor and Elizabeth Walshe) advised Marriott on Irish matters. KPMG and Macfarlanes advised on tax issues. Owner of the hotel, Royal Bank of Scotland, was represented by Berwin Leighton Paisner (Simon Kildahl) and Irish firm William Fry (Madeleine Feeney).

Nabarro Nathanson (Paul Jayson) represented Merrill Lynch Property Fund on the purchase of the £25.5m Clifton Down Shopping Centre from Croudace Properties. Bircham Dyson Bell (Andrew Smith) advised Croudace.

Jones Day (Philippe Billot) advised on an unsolicited bid of €1.5bn (£1.05bn) by GE Real Estate Investissement France for Sophia. GE is offering €41 (£28.7) in cash for each share of Sophia’s common stock. Weil Gotshal & Manges (Claude Serra) acted as co-counsel to GE on the transaction.