NEWS

Paul Hastings Advises Beacon Capital on the Acquisition of MidCity Place for £325 million

August 06, 2007

Paul Hastings Advises Beacon Capital on the Acquisition of MidCity Place for £325 million

London (August 6, 2007) -- Paul Hastings Janofsky & Walker LLP, a leading international law firm, announced today that it has advised Beacon Capital Partners on the acquisition of central London office and retail development MidCity Place from Invista Real Estate and Delancey for £325 million.

The property comprises 350,000 sq. ft. of office and retail space and is one of the largest office buildings in Midtown. Paul Hastings also recently advised Beacon on the acquisition of 200 & 214 Grays Inn Road, its other Midtown acquisition.

Paul Parkinson, Senior Managing Director, Beacon Capital, said:
We had to commit to an extremely quick turn around in order to secure this deal and we had confidence that Paul Hastings could meet the tight schedule.

This transaction was led by partners Mark Eagan, Emma Bucknall, Justin Hamer and Keith Wilson.

This is the third transaction on which Paul Hastings has advised Beacon Capital since becoming a client in November 2006. Paul Hastings also advised on the acquisition of 33 Grovesenor Place for £208 million in December 2006.

Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,200 attorneys in 18 offices. The firm serves a diverse client base including including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.