Kennedy Wilson’s £177 Million Acquisition Of One Embassy Gardens From Ballymore

In UK Bryan Cave Leighton Paisner, advised on the matter.

Bryan Cave Leighton Paisner advised Ballymore with a team including Akhil Markanday (Dispute Resolution), Gordon McMillan (Real Estate), Claire Milton (Picture – Real Estate), Matthew Poole (Tax M&A and Deal Advisory), Alan Wight (Real Estate).

Ballymore sold One Embassy Gardens to US investment firm Kennedy Wilson. The deal was exchanged and completed in less than five weeks.

The building comprises 156,000 square feet of office space spanning over 10 floors overlooking the River Thames and central London, and is now the HQ of American book publishing giant Penguin Random House. One Embassy Gardens is the only office building situated opposite the US Embassy, serving as the centrepiece of the spectacular new district in the centre of London.

The landmark building was designed by PLP Architects and developed by Ballymore, sitting right at the heart of the 19-acre mixed-use Embassy Gardens estate at Nine Elms. Nine Elms is one of the biggest transformation stories in London and Embassy Gardens is home to the world-famous Sky Pool as well as several other luxury amenities.

Partner Claire Milton (Picture) led the multidisciplinary BCLP team, with support from Partner Alan Wight, Associates Stephanie Cannon and Katie Pugh (real estate); Partner Gordon McMillan and Associate Sam Burke (real estate finance); Partner Matthew Poole and Associate Jon Cooper (tax advice and controversy); Senior Associate Ash von Schwan and Associate Sasha Rubenstein (technology & commercial); and Partner Akhil Markanday and Associate Edward Gardner (litigation and investigations).

Involved fees earner: Sam Burke – Bryan Cave Leighton Paisner; Stephanie Cannon – Bryan Cave Leighton Paisner; Jon Cooper – Bryan Cave Leighton Paisner; Edward Gardner – Bryan Cave Leighton Paisner; Akhil Markanday – Bryan Cave Leighton Paisner; Gordon McMillan – Bryan Cave Leighton Paisner; Claire Milton – Bryan Cave Leighton Paisner; Matthew Poole – Bryan Cave Leighton Paisner; Katie Pugh – Bryan Cave Leighton Paisner; Sasha Rubenstein – Bryan Cave Leighton Paisner; Ash von Schwan – Bryan Cave Leighton Paisner; Alan Wight – Bryan Cave Leighton Paisner;

Law Firms: Bryan Cave Leighton Paisner;

Clients: Ballymore;

Author: Giulia Di Palma