News | Real Estate

Thursday 9th November 2006

Corporate and commercial law firm SJ Berwin LLP’s real estate division has advised Redevco on the sale of 50 Pall Mall, London SW1 to Legal & General for £49.5 million.  The 34,000 sq ft property was purchased by Redevco in 2002, since when the company has undertaken a major refurbishment programme, and let to six new tenants including MPIF Holdings, Black Diamond GB Ltd and Sandell Asset Management Europe Ltd. SJ Berwin had advised on both the initial purchase and all of the lettings in addition to this final disposal.

The SJ Berwin team was led by real estate partner Jon Vivian, assisted by Louise Cartwright and Joanne Footit.  Legal & General was advised by Ian Waring, real estate partner at Berwin Leighton Paisner, assisted by David Banks. 

For further information please contact:

Jon Vivian on +44 (0)20 7111 2809, email jon.vivian@sjberwin.com or Karen Roberts on +44 (0)20 7111 2578, email karen.roberts@sjberwin.com      
 

• On 1 June 2005 SJ Berwin LLP, an English limited liability partnership, took over the business of the SJ Berwin general partnership.  SJ Berwin LLP or an affiliated undertaking has an office in Berlin, Brussels, Frankfurt, London, Madrid, Milan, Munich and Paris.
  
  
• SJ Berwin LLP was named ‘UK Firm of the Year’ at the 2005 Legal Week Awards on 30 November.  The award recognised SJ Berwin's five years of international expansion and its involvement in a series of high quality deals.
   
• SJ Berwin's Real Estate Division totals 118 staff of which 22 are partners (3 of which are tax partners), and 50 assistants, encompassing the disciplines of Commercial Real Estate, Construction, Planning & Environment, Property Litigation, Real Estate Funds and Tax.  There is an increasing emphasis on cross firm activity with related areas of Banking and Corporate.  The division acts for blue chip clients including British Land, Royal Bank of Scotland, the Hilton Group, Brixton plc, AXA, The Crown Estate, Marks & Spencer and Gazeley.
  
  
• The Real Estate Team is Legal Business Real Estate Team of the Year 2005.  It was also named "Real Estate Team of the Year" in the Lawyer Magazine Awards 2004, following its advice on the RBS/Canary Wharf transaction the highest-value property investment transaction in the UK in 2004.
  
  
• Revenue from Real Estate represents approximately 23% of the firm's total revenue.