Hogan Lovells Advises Prudential on £400m Sale of Green Park
01 December 2011
LONDON, 01 December 2011 - Hogan Lovells has advised longstanding client The Prudential Assurance Company Limited (Prudential) on the £400 million sale of Green Park Office Park near Reading. The transaction closed on Friday 18 November 2011.
Green Park is the single largest asset held by Prudential and the sale marks the culmination of a 24 year project on which Hogan Lovells has advised at every stage from greenfield site assembly, and development to blue-chip lettings funding and disposal. The 180 acre mixed use scheme is a prime office site within the Reading area.
The Hogan Lovells team advising Prudential was led by London real estate partner Jackie Newstead and senior associate Nicholas Roberts, supported by associate Anthony Newton, funds partner James McDonald and tax partner Kevin Ashman.
Commenting on the transaction, Jackie said:
"We are thrilled to have been able to advise Prudential on the successful sale of Green Park. Having worked with Prudential on this particular project for a number of years, to see it finally sold is like losing a best friend, but I am delighted to have been able to help Prudential achieve its goals."