Clifford Chance (CC) and Linklaters have taken the lead roles on the sale of Broadgate West in London's EC2, in deal valued at around £300m.

The development, which counts Ashurst and US firm Shearman & Sterling among its tenants, has been sold to a joint venture between HSBC Alternative Investments Limited and US developer Hines. The property comprises 42,000 square metres of office space. 

Linklaters advised the buyers with team led by real estate partner Joe Conder and banking partner Steve Smith, while CC advised the seller, a private property company owned by developers Peter Marano and Michael Dennis. Offshore firm Carey Olsen advised the company on Jersey law aspects of the deal.

CC's real estate team included M&A corporate partner Adrian Levy, real estate head Jonathan Solomon and tax partner David Saleh.

Levy commented: "We have been involved in the entire life cycle of the asset and were very pleased to advise our client on this significant sale. It demonstrates that there is continued appetite in the market for prime office developments in London."

The role for CC comes after it advised on the sale of 125 Old Broad Street – the London base of France's Gide Loyrette Nouel and US firm King & Spalding – to Canadian investor Brookfield in June.

In March, the magic circle firm scored a role on the sale of Aldgate Place at London E1, among a quartet of firms including SJ Berwin, Winckworth Sherwood and Addleshaw Goddard.