A quartet of firms has bagged advisory roles on the £520m sale of the CityPoint building in Moorgate.

Jones Day, Clifford Chance (CC), Gibson Dunn & Crutcher and Nabarro Nathanson advised on the deal, which saw investment vehicle City of London Office Unit Trust (CLOUT) dispose of the 35-storey building.

The deal to sell the property, which houses law firms such as Simmons & Simmons, Pinsent Masons and Morrison & Foerster, closed two weeks ago.

Jones Day acted for long-standing client CLOUT with London head of real estate David Roberts, associates Jaskie Chana and Vanessa Laundon and trainee Annabel Rumble acting alongside corporate associates Neil Ferguson and Simon Kiff.

CLOUT purchased CityPoint from CC client Wates City of London Property in 2001.

Roberts told Legal Week: "We set up CLOUT back in 2001 to buy certain properties from Wates. This was a significant deal to be involved in because of its sheer size. I think it is one of the biggest single property assets in the City of London."

CC acted for the purchaser, a vehicle backed by developer Tishman Speyer. Real estate partner Iain Morpeth and finance partner Suzy Stewart led the team.

Gibson Dunn & Crutcher advised CLOUT investor Schroder Exempt Property Unit Trust (SEPUT) on the sale and its investment in the Tishman purchasing vehicle, with finance partner Tom Budd leading, assisted by tax partner Nicholas Aleksander.

Budd, who initially worked with CLOUT when he was at Jones Day, told Legal Week: "This was CLOUT's biggest asset – there is not much left now but our client (SEPUT) is still investing in the asset so we would expect to continue working with them."

Nabarro Nathanson real estate partner Amanda Howard represented another CLOUT investor, SITQ Britanniques.