11:04, June 21 435 0

2017-06-21 11:04:08
Mayer Brown and Stephenson Harwood act on Ampersand building sale

Mayer Brown and Stephenson Harwood have won key roles on Emperor International Holdings £260m acquisition of Soho’s Ampersand Building.

The deal sees the central London property trade one Hong Kong-based owner for another when Emperor International Holdings finalises the purchase from The Peterson Group later this month.

Mayer Brown head of UK real estate Chris Harvey led the team advising Emperor on the purchase and financing aspects. Other partners to assist on the deal included Andrew Hepner (real estate), Jeremy Kenley (corporate and securities), Christopher Fellowes (construction and engineering), Sandy Bhogal (transactions and consulting), Michael Hutchinson (environmental) and Oliver Yaros (IP).

Stephenson Harwood’s team was led by head of real estate Jonathon Wilkes, who was assisted by corporate partner Andrew McLean.

This isn’t the first time either firm have represented Emperor or Peterson.

Mayer Brown advised Emperor on its 2015 purchase of 25-27 Oxford Street while Stephenson Harwood acted for Peterson when it paid £121m to Resolution Property for the Ampersand building. At the time, it was Peterson’s first UK real estate investment.

Harvey said: “The Ampersand building is a landmark property in one of London’s most vibrant areas. It will prove to be an excellent investment for Emperor with its prime location and solid rental income from office and retail tenants.”

“We are delighted to have successfully acted for Emperor as they expand their portfolio in London.”