Freshfields Bruckhaus Deringer is advising CWG Acquisition and Brascan on the lucrative £1.58bn bid for Canary Wharf Group – the latest twist in the long-running battle for the trophy real estate target.

The magic circle firm is advising CWG Acquisition – a company set up by Canadian real estate and power giant Brascan – and institutional investors, including British Columbia Investment Management and Hermes Pensions Management.