WeWork acquisition of 10% stake in Devonshire Square

18/4/2018

Real estate acquisition

Status:

Announced

Date:

18/4/2018

Overview:

WeWork has acquired a 10% stake in Devonshire Square from Blackstone.
WeWork has formed a joint venture with two other investors - TH Real Estate and Danish pension fund PFA Ejendomme.
Bank of America Merrill Lynch has provided financing of £240 million for the acquisition.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Real estate acquisition

Practice area:

Real estate acquisitions

Governing law:

England and Wales

Industry sector:

Real estate

Firms:

Allen & Overy

Party: TH Real Estate (Joint venture partner)

Gibson Dunn & Crutcher

Party: WeWork (Acquirer, Joint venture partner)

Herbert Smith Freehills

Party: Blackstone (Seller)

Lawyer: Ian Cox

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