Ogier acts in Korean acquisition

Posted: 04/01/2019

Ogier has acted for Seoul-based investment manager Kiwoom Asset Management on its client's £120 million acquisition of mixed use property Cannon Green in the City of London.

In the heart of the square mile, Cannon Green provides 110,143 sq ft of office, restaurant, gym and retail accommodation. The building has recently undergone an extensive internal and external refurbishment.

Advising on Jersey corporate and finance aspects of the transaction, the Ogier team was led by Partner Richard Daggett, with Senior Associate Amy Garrod. 

Associate Director Lawrie Cunningham and Assistant Manager James Philpott of Ogier Global provided corporate administration support. CMS Cameron McKenna Nabarro Olswang acted as English legal counsel.

Commenting on the deal, Richard Daggett said: "This acquisition continues the trend of Korean investment into London commercial real estate that has seen record expenditure on landmark assets in 2018."

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