Norton Rose has advised German property fund Commerz Grundbesitz Investmentgesellschaft (CGI) on the off-market sale of Linklaters’ headquarters to Beacon Capital Partners. Norton Rose real estate partner Robin Mitchell led the work for the vendors, while Ashurst Hugh Lumby acted for the buyers. The 450,000sq ft premises at One Silk Street was sold for around £350m, doubling CGI’s investment since the site’s acquisition in 1995. The deal took place prior to the property being put on the open market.
Olswang advises ARG on takeover by All3Media
Olswang’s media group advised talent agency Artists Rights Group (ARG) on its sale to television production company All3Media, which is now looking to list on the London Stock Exchange. ARG handles entertainment talent including Harry Potter star Daniel Radcliffe, Clive Owen and Trinny and Susannah. Olswang senior partner Mark Devereux and corporate partner David Roberts led on the deal, with Weil Gotshal & Manges partner Mark Soundy acting for All3Media.
Slaughters given role by Cadbury on US bottler buy
Slaughter and May is understood to be acting for longstanding client Cadbury Schweppes on its acquisition of the US Dr Pepper and Seven Up Bottling Group from the Carlyle Group. Cadbury Schweppes is reportedly close to purchasing the largest US independent bottler from the Carlyle Group for as much as £300m. Slaughters is Cadbury Schweppes’ regular counsel. Latham & Watkins is understood to be acting for key client Carlyle Group on the transaction. Both firms declined to comment.