Ashurst has advised ARA Dunedin and ARA Asset Management Limited on the deal.
ARA Dunedin and ARA Asset Management Limited (“ARA”) acquired Marble Arch Place, London comprising a newly-developed mixed-used asset acquired from Almacantar for £280 million.
NH Investment & Securities underwrote the majority of the equity along with a co-investment from ARA.
The Ashurst Team was led by partners David Jones (Picture – Head of Global Real Estate Capital Markets) and Tim Gummer (Real Estate Structuring and Tax), together with senior associates Francesca Downes (Corporate Real Estate) and John Arey (Real Estate), partner Sarah Watkinson and senior associate Stuart Blacklock (Real Estate Finance), partner Simon Swann and associate Laura Burt (Tax), partner Matthew Bool and associate Lauren Hutchinson (Construction), partner Claire Dutch (Planning) alongside a multi-disciplinary Ashurst team. In Luxembourg, partner Isabelle Lentz, senior associate Geoffrey Delamarre, associate Pierre Joubert and director Chiara Bardini (Luxembourg Corporate and Tax) and partner Fabien Debroise, senior associate Fiona Keating and associate Anna Kozakiewicz (Luxembourg Finance) advised.
Involved fees earner: Chiara Bardini – Ashurst; Matthew Bool – Ashurst; Laura Burt – Ashurst; Fabien Debroise – Ashurst; Geoffrey Delamarre – Ashurst; Francesca Downes – Ashurst; Claire Dutch – Ashurst; Tim Gummer – Ashurst; Lauren Hutchinson – Ashurst; David Jones – Ashurst; Fiona Keating – Ashurst; Anna Kozakiewicz – Ashurst; Isabelle Lentz – Ashurst; Simon Swann – Ashurst;
Law Firms: Ashurst;