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20 Dec 2011 14:11
Eversheds Rolls out £305 million purchase of new global legal centre
International law firm Eversheds has advised Legal & General Property, one of the leading institutional property fund managers in the UK, on the £305 million purchase of the Rolls Building, the UK's new international arbitration and commercial court headquarters.
The Rolls Building is the largest specialist centre in the world for the resolution of financial, business and property disputes. For the first time, the High Court, the Admiralty Division and the Technology and Construction Courts are all brought together under one 16,000 sq. m. roof. Fifty specialist judges will work in 31 bespoke court rooms, sitting in 20,000 hearings a year. The justice secretary Ken Clarke said, "The World's business leaders come to the UK to settle their disputes and the brand new Rolls Building means the UK now has even more to offer with the World's most modern and hi-tech court complex."
The Eversheds team was led by Head of London Real Estate, Bruce Dear, with Clare Rudd, Head of Real Estate Tax Clive Jones and Construction partner Jon Bowley.
Bruce commented:
"We specialise in the structured purchasing of large scale central London assets and are delighted to have advised Legal & General Property on one of the London market's biggest and most prestigious deals of 2011. We look forward to assisting Legal and General with further acquisitions in the New Year."
For more information contact:
Eversheds LLP
Eversheds LLP and its world wide offices have over 4,500 people who provide services to the private and public sector business and finance community. Access to all these services is provided through 45 international offices in 28 jurisdictions. Eversheds combines local market knowledge and access with the specialisms, resources and international capability of one of the world's largest law firms.
www.eversheds.com
