Eversheds Sutherland and Berwin Leighton Paisner (BLP) have won the top roles on the sale of KPMG’s London headquarters for £400m.
The Eversheds Sutherland team was led by London real estate head Bruce Dear, working alongside partner Nef Jones.
KPMG’s Canary Wharf office has been sold to Hong Kong buyer Kingboard Investments, which was advised by BLP head of real estate Chris de Pury and partner Emma Le Wita. The latter was promoted to partner yesterday.
KPMG will continue to occupy the building, entering into a 25-year lease agreement for the property.
Dear said: “The deal shows overseas’ investors continuing enthusiasm for blue-chip London assets let to tenants of the highest quality and covenant strength.
“KPMG’s deep long-term future commitment to Canary Wharf and London made this a compelling asset for a mature, long-hold investor.”
Eversheds has advised KPMG on a number of real estate deals over recent years, including its 200,000 sqft extension to its Canary Wharf headquarters and client hub in Mayfair.
BLP meanwhile won roles on two of the most high-profile transactions in the City last year, acting for the sellers of the Walkie Talkie building for £1.3bn and purchasers of the Leadenhall building (or Cheesegrater) for £1.2bn.
De Pury led on the latter transaction for another Asian client, Hong Kong-based CC Land. The Walkie Talkie was also purchased by Hong Kong buyer HLKK Health Products Group.