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Ogier's Guernsey team has advised a Hong-Kong-based private investor on the purchase of Aldwych House for £250 million.
This is the first real estate acquisition in London for the investor.
The iconic London property was purchased from GI Partners, the private investment firm and Rowan Asset Management, the property company and investment partner through a Guernsey special purpose vehicle.
Aldwych House, situated at 71-91 Aldwych, WC2, is a ten-storey building in the heart of London's Midtown and provides 176,000 sq ft of office space. The property is fully let to occupiers including WeWork, Comcast and Wasserman Media.
Partner Christopher Jones led the team with the assistance of managing associate Paul Chanter and associate Matthew Macfarlane, working with onshore counsel Mayer Brown.
Christopher said: "We are delighted to advise our client on their first real estate acquisition in London which demonstrates the continued demand for prime London real estate assets by overseas investors. We were also pleased to work with the Mayer Brown team on the acquisition."
