Slaughter and May, Berwin Leighton Paisner (BLP) and DLA Piper have advised on the Government’s £60m sale of London landmark Admiralty Arch to Spanish developer Prime Investors Capital (PIC).
The developer, which is run by former JP Morgan investment banker Rafael Serrano, won a competitive bid to secure the deal and will now undertake a restoration project that will see the Grade-I listed building transformed into an upmarket hotel, subject to planning permission.
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