Mayer Brown advises British Land on sale of 75 percent interest in Paddington Central

London — Mayer Brown has advised British Land on the sale of a 75 percent interest in the majority of its Paddington Central assets to Singaporean Sovereign wealth fund GIC for £694 million. This transaction establishes a new joint venture with an ownership split of 75:25 for GIC and British Land respectively. 

The Mayer Brown team was led by Real Estate partner Caroline Humble and Corporate & Securities partner Richard Page. The core team comprised of Corporate & Securities senior associate Alastair Dolman and associate Maddy Pryde, Real Estate senior associates Sam Harris and Alice Miller, associate Hollie Norman and Tax partner Simon Rose. Members of the wider team included Real Estate partners Anita Jones, Iain Roberts, Simon Price, counsel Ross Berridge, senior associates Erin Brayshaw and Tim Collier and associates Tanaz Nowrouzzadeh, Chloe Fong Luther Goh-Mah, Kirsty McLeish and Isabel Hershman; Corporate & Securities partner Tim Nosworthy and associate Laura Baker; Litigation & Dispute Resolution partners Jonathan Stone and Mark Stefanini, senior associates Peter Parten and Charles Pacey; Tax partner Kitty Swanson and associate Emma Noehrbass; Employment & Benefits partner Miriam Bruce and senior associate Emma Wayland; IP partner Oliver Yaros; Government & Global Trade partner Jason Hungerford; Financial Services Regulatory & Enforcement counsel Neil Macleod and Environment counsel Tim Baines.