Norton Rose Fulbright advises HB Reavis on the completion of sale of Wells Fargo building in London
Business | January 4, 2018
Global law firm Norton Rose Fulbright has advised real estate developer HB Reavis on the completion of the sale of 33 King William Street, London, to US bank, Wells Fargo. In July 2016, Wells Fargo entered into a purchase agreement with HB Reavis. With construction at 33 King William Street, previously known as 33 Central, now complete, Wells Fargo has completed the acquisition of the 225,000 sq. ft. office. The US bank will move in 1,200 team members, currently based in four locations across the city, into the building during the fourth quarter of 2018. The new building will also house a Wells Fargo stagecoach, which will be stationed in the reception area.
The building was designed by award-winning British architecture practice John Robertson Architects, with panoramic views of the City of London and the Thames from the roof garden.
The Norton Rose Fulbright team advising HB Reavis was led by real estate partner Neil Biswas, with assistance from partners, Jason Moss on the corporate aspects and Angela Savin on the tax aspects.
Neil Biswas commented:
“We are delighted to have advised our long standing client HB Reavis on their first investment project in London advising throughout the development cycle of the building. This was the first significant commercial real estate deal entered into post Brexit and now upon completion, it continues to demonstrate the attractiveness of the City of London as a hub for businesses.”
Norton Rose Fulbright previously advised HB Reavis on the purchase of 33 King William Street in 2013. The London team has recently been named Real Estate Firm of the Year 2018 by Legal 500 UK.
For further information please contact:
Kate Farrell, Public Relations Executive
Tel: +44 (0) 20 7444 3724; Mob: +44 (0) 7515 324 290
kate.farrell@nortonrosefulbright.com
Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.
Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.
