CMS and Dentons lead on £650m sale of London skyscraper Ropemaker Place
Pair advise on sale of City skyscraper to subsidiary of Singapore's Ho Bee Land
June 18, 2018 at 12:40 PM
2 minute read
CMS and Dentons have taken lead roles on the £650m sale of City skyscraper Ropemaker Place.
The 21-storey building has been acquired by a subsidiary of listed Singaporean property group Ho Bee Land, from a joint venture comprising one European and two Asian investors through global asset manager AXA Investment Managers (AXA IM).
CMS advised AXA IM on the deal, with a team led by London real estate partners Simon Staite and Barry Morris, funds partner Amanda Howard, tax partner Nick Burt and construction partner Alistair McGrigor.
Dentons acted for Ho Bee Land, fielding a team comprising London corporate real estate partner Matt Tinger and real estate partner Simon Masri.
CMS's role on the deal comes after legacy Nabarro acted for AXA on the purchase of Ropemaker Place for £472m from British Land in 2013, before its three-way merger with CMS and Olswang.
Staite and Howard also acted on the 2013 acquisition, when British Land turned to legacy SJ Berwin with a team led by London real estate partners Bryan Pickup and Darren Rogers, and corporate real estate partner Michael Goldberg.
On Friday, CMS posted its first combined financial results since its merger. Global revenue climbed 31% in 2017 to €1.3bn (£1.15bn) for 2017, with the results including eight months of turnover from the two legacy firms. CMS's UK LLP saw revenue climb to £518m.
Meanwhile, Dentons posted a double-digit increase in revenue for its UK and Middle East (UKME) arm alongside a sharp rise in profit per equity partner (PEP).
Revenue hit £203.1m, an increase of 22% on £166.4m in 2016-17, while PEP shot up by 36% to £651,000. The figures include revenues from Scots firm Maclay Murray & Spens, which Dentons merged with in November last year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
HSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice
To Thrive in Central and Eastern Europe, Law Firms Need to 'Know the Rules of the Game'
7 minute read
What About the Old Partners Who Have No Interest in AI?
Netflix Offices Raided by Authorities in Paris and Amsterdam
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
