Berwin Leighton Paisner (BLP) and Gibson Dunn & Crutcher have taken the lead roles on the high profile sale of Dolphin Square in London, one of the UK’s largest residential housing blocks, to US property fund Westbrook Partners.
The contentious sale, which has met with widespread resistance from tenants, sees Westbrook acquire the leasehold to the Pimlico development from Westminster Council in a deal worth about £200m. The council is to use more than half of the proceeds to fund affordable housing in the area.
