Madison International Realty acquires 50% of Paternoster Square for £200m

Our team: Matthew Williams, Gavin Whitney

Fladgate LLP has advised US investor, Madison International Realty, on the real estate aspects of the £200m acquisition from Oxford Properties of a 50% share in the Paternoster Square EC4 campus.  The acquisition includes King Edward Court, home of the London Stock Exchange and St Martin’s Court, CBRE’s head office in the City of London.

Ronald Dickerman, president and founder of Madison International Realty added: “King Edward Court and St Martin’s Court are two extremely high quality, well-let assets in an iconic location directly next to St Pauls’ Cathedral in the City of London which make strong additions to our portfolio.”

The Fladgate team was led by real estate partner Matthew Williams, assisted by partner Gavin Whitney (real estate) and associates Siobhan Doherty and Jennifer Johnson (both real estate).

Fried, Frank, Harris, Shriver & Jacobson LLP acted as US and corporate counsel to Madison.  Oxford Properties will act as asset manager for the new joint venture.

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