Please ensure Javascript is enabled for purposes of website accessibility

People

Big things are happening at Ogier. Change is embedded in everything we do. It is redefining our talent, our ways of working, our platforms of delivery, our culture.

Expertise

Services

We have the expertise to handle the most demanding transactions. Our commercial understanding and experience of working with leading financial institutions, professional advisers and regulatory bodies means we add real value to clients’ businesses.

View all Services

Employment law

Intellectual Property

Listing services

Restructuring and Insolvency

Business Services Team

Executive Team

German Desk

Accounting and Financial Reporting Services

Cayman Islands AML/CFT training

Corporate Services

Debt Capital Markets

Governance Services

Investor Services

Ogier Connect

Private Wealth Services

Real Estate Services

Regulatory and Compliance Services

Ogier Global

Consulting

View all Consulting

Sustainable Investment Consulting

LexTech - Technology Consultants

Business Services Team

View all Business Services Team

Sectors

Our sector approach relies on smart collaboration between teams who have a deep understanding of related businesses and industry dynamics. The specific combination of our highly informed experts helps our clients to see around corners.

View all Sectors

Aviation and Marine

BVI Law in Europe and Asia

Energy and Natural Resources

Family Office

Foreign direct investment (FDI)

Funds Hub

Private Equity

Real Estate

Restructuring and Insolvency

Sustainable Investing and ESG

Technology and Web3

Trusts Advisory Group

Locations

Ogier provides practical advice on BVI, Cayman Islands, Guernsey, Irish, Jersey and Luxembourg law through our global network of offices across the Asian, Caribbean and European timezones. Ogier is the only firm to advise on this unique combination of laws.

News and insights

Keep up to date with industry insights, analysis and reviews. Find out about the work of our expert teams and subscribe to receive our newsletters straight to your inbox.

Fresh thinking, sharper opinion.

About us

We get straight to the point, managing complexity to get to the essentials. Our global network of offices covers every time zone. 

No Content Set
Exception:
Website.Models.ViewModels.Components.General.Banners.BannerComponentVm

Ogier advise on White Tower Acquisition

Deal

04 August 2010

Ogier has advised global private equity firm The Carlyle Group on its acquisition of a number of buildings in the White Tower portfolio for £671 million.

Carlyle acquired six landmark central London properties, which were formerly part of the portfolio owned by Simon Halabi until it was put into administration and managed by CB Richard Ellis Loan Servicing. The properties total in excess of 1.6 million square feet and generate over £62 million in rental incomes each year.

The portfolio acquired by Carlyle comprises:

Alban Gate – fully let to JP Morgan Chase.
60 Victoria Embankment – fully let to JP Morgan Chase.
Ludgate House – fully let to United Business Media.
Sampson House – fully let to IBM.
Millenium Bridge House – fully let to UBS.
BSI tower – fully let to BSI Management Systems Ltd.

The high-profile deal is likely to be one of the largest for office space in the City this year and represents the largest UK disposal from the workout of a distressed real estate loan since the credit crisis.

The deal was also unique from a Jersey perspective as one of the properties was acquired following the enforcement of security over units in a Jersey property unit trust, with the power of sale being exercised directly in favour of Carlyle. It is thought to be one of the largest ever transfers of property in this manner.

The Ogier team was led by partner Michael Lombardi and associate Richard Daggett. Andy Williams, Jane Clayton, Paul Lawrence, Robert Rumfitt and Will Turner in Ogier Fiduciary provided administrative services to the complex Jersey-based acquisition structure. Steven De Jersey and Christopher Daykin provided administrative services to the Guernsey unit trust holding one of the properties.

Herbert Smith acted for Carlyle in the UK, with partners Simon Price and Iain Carruther advising on real estate and partner Simon Chadney and senior associate Jason Lawrance advising on financing.

No Content Set
Exception:
Website.Models.ViewModels.Blocks.SiteBlocks.CookiePolicySiteBlockVm