28 March 2005 – LAWFUEL – The Law News Network – Clifford Chance and Mayer Brown Rowe & Maw LLP have respectively advised Standard Chartered Bank and Sloane Capital Limited on their successful back to back sale and leaseback of 35 Basinghall Street, the former headquarters of City firm Slaughter & May, for an undisclosed price. Anglo Irish Bank, advised by Addleshaw Goddard, provided funding to Sloane Capital.
Clifford Chance has also advised Standard Chartered Bank on its forward purchase of the building, which is currently under development, from City of London Office Unit Trust (“CLOUT”) managed by Schroders and advised by Pillar Properties for an undisclosed price. Standard Chartered Bank will take a leaseback of the property following practical completion of the redevelopment. The building will become the Bank’s new European Headquarters building.
Partner Iain Morpeth of Clifford Chance assisted by Marianne Toghill, Olivia Waugh and Georgina Lyons, advised Standard Chartered Bank. Mayer, Brown, Rowe & Maw partner Jeremy Clay assisted by Rachel Mace and Johanna Cope advised Sloane Capital Limited.
Partner David Roberts of Jones Day assisted by Jake Davies advised CLOUT. Mark Gilbert and Emmett Peters of Addleshaw Goddard advised Anglo Irish Bank.