Norton Rose advises ING Real Estate Investment Management
16 November 2009
International legal practice, Norton Rose LLP, has advised longstanding client ING Real Estate Investment Management on the sale of a Guernsey unit trust holding the prime central London property 88 Wood Street to Rockspring Property Investment Managers LLP on behalf of South Korea’s largest pension fund, National Pension Service Central London Property Limited Partnership Fund.
The investment fund purchased the Richard Rogers designed landmark building for £183 million. This is one of the few major investment transactions in the current market and shows the interest being shown by international investors in quality office buildings in London.
The Norton Rose LLP team was led by Mark Lloyd Williams and Lindsay Morgan and assistance was provided by Andrew Savage, Hannah Pellard and Natalia Leszczewski (corporate finance), Charles Pinkerton (property), Chris Hill (construction), Dan Kennedy and Louise Cowley (banking) and John Challoner and Julia Lloyd (tax).
For further information please contact:
Sarah Webster, public relations manager
+44(0)20 7444 5942 sarah.webster@nortonrose.com
Editors note
Norton Rose LLP is a constituent part of Norton Rose Group, a leading international legal practice offering a full business law service from offices across Europe, the Middle East and Asia.
Knowing how our clients’ businesses work and understanding what drives their industries is fundamental to us. Our lawyers share industry knowledge and sector expertise across borders, enabling us to support our clients anywhere in the world. We are strong in corporate finance; financial institutions; energy and infrastructure; transport; and technology.
The Group comprises Norton Rose LLP and its affiliates. We have over 1300 lawyers operating from offices in Abu Dhabi, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brussels, Dubai, Frankfurt, Hong Kong, Jakarta*, London, Milan, Moscow, Munich, Paris, Piraeus, Prague, Riyadh*, Rome, Shanghai, Singapore, Tokyo and Warsaw.
With effect from 1 January 2010, Deacons Australia, a leading Australian law firm with offices in Sydney, Melbourne, Brisbane, Perth and Canberra and teams in Singapore, Jakarta and Ho Chi Minh City, will join Norton Rose Group. The enlarged Group will have over 1800 lawyers in 30 offices worldwide, 700 of whom will be based in Asia Pacific, and will form one of the best-resourced legal practices in the Asia Pacific region.
* associate office