Walkers (London) Acts on Canary Wharf Real Estate Acquisition

Walkers (London) has acted as British Virgin Islands counsel in Kingboard Investments' acquisition (through a British Virgin Islands incorporated SPV) of KPMG’s London headquarters, 15 Canada Square in Canary Wharf, for circa £400 million.

Kingboard Investments is a wholly-owned subsidiary of Kingboard Chemical Holdings Limited, a Hong Kong-based investor. KPMG will continue to occupy 15 Canada Square, which comprises 434,261 square feet and is located next to the new Crossrail station in Canary Wharf.

"We are delighted to have worked with Kingboard Investments on this significant acquisition in one of the world's premier financial districts. Across our European offices, Walkers has particular experience and expertise advising on all aspects of real estate finance and real estate acquisitions and disposals, and this was illustrated, once again, on this major transaction," commented Walkers partner, Neil McDonald.

Walkers was instructed by Berwin Leighton Paisner and was led by London partner Neil McDonald with assistance from associate Dina Anastas. Eversheds acted as counsel for KPMG.