Global law firm Ashurst has advised Lendlease on its sell-down of 20% of its interest in the Lendlease Moorfields Investment Partnership holding 21 Moorfields, Deutsche Bank's UK headquarters, to a Japanese real estate investment joint venture of Sotetsu Urban Creates and Yasuda Real Estate.
Under the terms, Lendlease will retain a 5% interest in the investment partnership and continue as the investment and asset manager.
The Ashurst team was led by corporate partner Jacob Gold supported by Lendlease relationship partner Logan Mair, senior associates Scott Vanderwolf and Tom McCann and associates Rosie Swanborough and Rebecca Karpin. Senior consultant Richard Vernon and counsel Joanne Senior advised on real estate matters and partner Nicholas Gardner and associate Aaron Robertson led on the tax aspects.
