Mayer Brown has advised British Land on the deal.
British Land completed the £177 million sale of its freehold interest in the mixed-use estate at Clarges, London to Deka.
The estate, set in the heart of Mayfair, was acquired by British Land in 2012 for redevelopment, which completed in 2017. The development includes more than 50,000 sq ft of high end office space, 34 super prime residential apartments and nearly 15,000 sq ft of high quality retail.
DEKA IMMOBILIEN GMBH is a real estate company based out of 523 Avenue Louise, Ixelles, Belgium.
The British Land Company plc is one of the largest property development and investment companies in the United Kingdom.
The Mayer Brown team was led by Real Estate partner Caroline Humble (Picture) and Corporate & Securities partner Richard Page, who were assisted by: Real Estate — senior associate Danielle Gerber, Corporate & Securities — senior associate Alastair Dolman, associate Maddy Pryde, Tax Transactions & Consulting — partner Simon Rose, senior associate Matthew O’Brien, associate Emma Noehrbass, Environment & Planning — partner Michael Hutchinson and counsel Tim Baines.
Involved fees earner: Tim Baines – Mayer Brown; Alastair Dolman – Mayer Brown; Danielle Gerber – Mayer Brown; Caroline Humble – Mayer Brown; Michael Hutchinson – Mayer Brown; Emma Noehrbass – Mayer Brown; Matthew O’Brien – Mayer Brown; Richard Page – Mayer Brown; Madeleine Pryde – Mayer Brown; Simon Rose – Mayer Brown;
Law Firms: Mayer Brown;
Clients: British Land;