Mishcon de Reya's Corporate Real Estate team has advised IGB Berhad, a leading Malaysian property company, on the sale of its landmark St Giles London Hotel to Criterion Capital for £220 million.
St Giles London Hotel, one of the largest hotels in the UK with 732 rooms, occupies a prime location at the intersection of Oxford Street and Tottenham Court Road. St Giles London Hotel is now entirely owned by Criterion Capital, restoring single ownership for the first time since its original development.
The Mishcon de Reya team was led by Corporate Partner Dean Poster and Real Estate Partner Simon Hart with support from Employment Partner Mark Kaye, Managing Associate Troy Featherstone and Associates Sophie Lloyd and Thomas Istefanous. Jade Pilling advised on Tax. Deloitte LLP represented Criterion Capital.
Abigail Tan, CEO at St. Giles Hotels “Mishcon played an instrumental role in ensuring the success of this transaction – which was not a straight-forward deal with many moving parts from the beginning. Their wise counsel and calm, thoughtful approach meant that we were able to make calculated and meaningful decisions. It was a pleasure working with them”
Dean Poster commented, “We are delighted to have supported IGB Berhad on this significant transaction and to have helped deliver this landmark hotel deal. We look forward to continuing our relationship with this prestigious client in the future.”