Deal typeTransaction Services
IndustryReal Estate
Client nameOval Real Estate Ltd
Oval Real Estate has acquired State Smart Ltd for £125m.
State Smart Ltd, a subsidiary of Hong Kong investor and developer Chinese Estates Holdings, owns commercial property located at 14 St George Street, Mayfair, London. The property covers 52,000 sq. ft over five floors and a lower ground floor.
Oval Real Estate was founded in 2013 and develops, manages and invests in office, industrial and residential properties across the UK. The acquisition continues Oval's strategy to expand its London portfolio following the acquisition in March 2024 of a collection of assets on and around Great Portland Street from the Langham Estate for £300m.
BDO provided financial and tax due diligence and SPA review services.
The project team included:
Transaction Services: Craig Martin, Andrew Porteous, Murray Blair
Tax: Ed Peters, Nick Crandon
Forensic: Laurence Mills
State Smart Ltd, a subsidiary of Hong Kong investor and developer Chinese Estates Holdings, owns commercial property located at 14 St George Street, Mayfair, London. The property covers 52,000 sq. ft over five floors and a lower ground floor.
Oval Real Estate was founded in 2013 and develops, manages and invests in office, industrial and residential properties across the UK. The acquisition continues Oval's strategy to expand its London portfolio following the acquisition in March 2024 of a collection of assets on and around Great Portland Street from the Langham Estate for £300m.
BDO provided financial and tax due diligence and SPA review services.
The project team included:
Transaction Services: Craig Martin, Andrew Porteous, Murray Blair
Tax: Ed Peters, Nick Crandon
Forensic: Laurence Mills