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22 April – LAWFUEL – The Law News Network – Allen & Overy has advised…

22 April – LAWFUEL – The Law News Network – Allen & Overy has advised Quinlan Private, a leading international property investment and advisory group, on its acquisition of BP Pension Fund’s The Estate, Knightsbridge for a sum in excess of £500 million.

The 3.4 acre freehold site known as The Estate, Knightsbridge lies between Harrods and Harvey Nichols and offers over 520,000 sq ft of retail, office, residential and hotel accommodation. The property provides substantial re-configuration and asset optimisation opportunities and has considerable re-development potential.

The Allen & Overy team was led by real estate partner Carol Hopper and senior associate Richard Birks with corporate advice from partner Eileen Kelliher.

Carol Hopper comments: “The property adds to Quinlan’s existing prime real estate portfolio and we were delighted to work with them on this deal. The transaction was a great success, signed after an extremely competitive process and in a very short time frame. The Estate is a significant real estate asset for Quinlan”.

BP Pension Fund was advised by CB Richard Ellis and Linklaters.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.