GPE Secures Prime West End Site for HQ Redevelopment
Deal News | Mar 31, 2025 | Bryan Cave Leighton Paisner LLP
Great Portland Estates plc (GPE) has acquired Cypress Dynasty Limited, which owns the freehold interest in One Chapel Place, W1, a prime location in London's West End. Post-acquisition, the site will remain leased until mid-2028, after which GPE plans to redevelop it into a best-in-class, highly sustainable headquarters. This significant acquisition provides GPE with an exceptional opportunity to enhance its portfolio with a strategically located property. The acquisition was advised by Bryan Cave Leighton Paisner LLP (BCLP) with a leadership team including Verity Waington, Adam Bogdanor, and Andy West, supported by a comprehensive due diligence team. Tax and financial due diligence support was provided by KPMG, while Forsters and Deloitte represented the seller.
Sectors
- Real Estate
- Legal Advisory
- Financial Services
Geography
- United Kingdom – The location of the acquired property, One Chapel Place, is in London, UK.
- London – The transaction specifically involves a significant property in London's West End, highlighting its role in the city's real estate market.
Industry
- Real Estate – The transaction involves the acquisition of a property in a prime real estate location in London's West End and plans for redevelopment.
- Legal Advisory – Bryan Cave Leighton Paisner LLP provided legal advisory services for the acquisition process.
- Financial Services – KPMG provided tax and financial due diligence, critical in financial structuring and evaluation of the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Great Portland Estates plc | Buyer | Company | A leading property management and development company focusing on asset value enhancement and creating spaces that attract long-term demand. |
| Cypress Dynasty Limited | Target | Company | The company owning the freehold interest in One Chapel Place, which has been acquired by GPE. |
| Bryan Cave Leighton Paisner LLP | Legal Advisor | Company | Provided legal advisory services to GPE during the acquisition. |
| KPMG | Tax and Financial Advisor | Company | Advised on tax and financial due diligence for the acquisition. |
| Forsters | Seller's Advisor | Company | Represented the seller, advising on the sale of Cypress Dynasty Limited. |
| Deloitte | Seller's Financial Advisor | Company | Provided financial advisory services to the seller in the transaction. |