London team advises Standard Chartered Private Bank on the acquisition financing of Lion Plaza, Old Broad Street, London purchased for an amount in excess of £200m

Global law firm Norton Rose Fulbright has advised Standard Chartered Private Bank on the financing of Lion Plaza Propco Limited’s acquisition of Lion Plaza, Old Broad Street, London for an amount in excess of £200m.

The multi-let prime office building, which has retail and leisure units on the ground and basement floors, is located in the heart of the City of London and has recently undergone a multi-million pound refurbishment. It is notably the London office of an international law firm.

Norton Rose Fulbright Partner Sarah Cullen commented:

“This transaction is highly significant and is the biggest office sale in the City of London so far this year. It demonstrates that, despite the challenging current economic conditions, there remains overseas investor confidence and appetite in prime London office space.”

Norton Rose Fulbright’s London team was led by Partners Sarah Cullen (banking and finance) and Wasim Khan (real estate), and supported by Senior Associates Jonathan Crookes (banking and finance) and Juliette Kelly (real estate), Associates Hamza Faridy (banking and finance) and Sam Pearson (real estate), as well as Naomi Owolabi (banking and finance). Forbes Hare provided local counsel to Standard Chartered Private Bank in the British Virgin Islands.