Linklaters advises City Developments Limited on the purchase of St Katharine Docks for £395m

Linklaters has advised City Developments Limited (CDL) on the purchase of the landmark 23-acre St Katharine Docks, located in Central London, from funds advised by Blackstone for £395m.

St Katharine Docks is comprised of Grade A office, food and beverage, retail, and residential space, arranged across four main buildings and supporting ancillary spaces, including a marina with berths for up to 185 yachts. Overlooking the Tower of London, a UNESCO World Heritage site, and Tower Bridge, St Katharine Docks attracts over 5.9 million visitors annually.

The acquisition of St Katharine Docks is funded through CDL’s internal cash resources and credit facilities and adds to the Group’s portfolio of prime commercial assets in the UK, bringing its total valuation to around £1bn.

The Linklaters team was led by Global Head of Real Estate, Andy Bruce, with partner Matt Plaskow and corporate partner James Inglis, managing associate Elyse Yap and associates Tom Farrar and William Johnston.

Linklaters’ real estate team advises leading global investors, developers, occupiers and financial institutions with major space requirements on their largest and most complex or multi-jurisdictional real estate transactions and disputes.

The global real estate group includes specialists in real estate M&A, real estate investment and development, real estate finance and tax, real estate funds, derivatives and structured finance and real estate disputes, environment and planning/zoning.