Slaughters, BLP, DLA advise on sale of London landmark Admiralty Arch
Slaughter and May, Berwin Leighton Paisner (BLP) and DLA Piper have advised on the Government's £60m sale of London landmark Admiralty Arch to Spanish developer Prime Investors Capital (PIC). The developer, which is run by former JP Morgan investment banker Rafael Serrano, won a competitive bid to secure the deal and will now undertake a restoration project that will see the Grade-I listed building transformed into an upmarket hotel, subject to planning permission.
October 28, 2012 at 08:03 PM
2 minute read
Slaughter and May, Berwin Leighton Paisner (BLP) and DLA Piper have advised on the Government's £60m sale of London landmark Admiralty Arch to Spanish developer Prime Investors Capital (PIC).
The developer, which is run by former JP Morgan investment banker Rafael Serrano, won a competitive bid to secure the deal and will now undertake a restoration project that will see the Grade-I listed building transformed into an upmarket hotel, subject to planning permission.
The Government was advised by Slaughters real estate partner Dermot Rice, while BLP real estate partner David Battiscombe took the lead role for PIC, with DLA Piper associate Rachel Orton handling due diligence for the developer.
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