Ashurst and Richards Butler have grabbed the lead roles on the £400m sale of London's iconic Battersea Power Station.

The deal, announced on 30 November, will see the landmark building sold by Oriental Property to Real Estate Opportunities (REO).

Ashurst is advising regular client REO, a fund controlled by the Dublin-based Treasury Holdings Group. Corporate partner Nigel Stacey and European real estate chief Simon Cookson are leading the team.