October 1, 2023

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Clifford Chance advises CK Asset Holdings on the £1.21 billion sale of 5 Broadgate, London

Global legislation company Clifford Prospect has encouraged a wholly-owned indirect subsidiary of CK Asset Holdings Confined on the £1.21 billion sale of 100% of 5 Broadgate, London.

The landmark making which is positioned in the heart of the Town of London was concluded in 2015. 5 Broadgate is the United kingdom headquarters of UBS who are committed to the making right until 2035.

Clifford Likelihood previously encouraged CK Asset Holdings on their acquisition of 5 Broadgate in 2018.

Commenting on the transaction, direct Associate Nick Rees said: &#8220We were delighted to advise CK Asset Holdings Limited in relation to 5 Broadgate, this time as the vendor, following the house lifecycle of this expense. This big serious estate disposal proceeds a craze in the London actual estate industry with significant price trophy assets becoming in need. This form of intricate authentic estate transaction is an case in point of where we can truly insert benefit to our shoppers by bringing collectively a multi-disciplinary team of corporate, serious estate and tax experts from throughout our real estate sector group in buy to satisfy their specifications.&#8220

The transaction team comprised Partner Nick Rees assisted by Senior Associate James Lloyd-Thomas and Associates Emily Warren and Lewin Lim. Companion Matt Taylor led on True Estate areas of the offer supported by Senior Affiliate Rob Donell. Tax advice was delivered by Senior Affiliate Ed Page.

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