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.
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Notes for editors:
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