London, 26 May - Hogan Lovells has represented the joint venture between NorthStar Realty Europe Corp., which is managed by an affiliate of Colony NorthStar, Inc, and China Resources Land (CRL) on the purchase of 20 Gresham Street, City of London, for approx. £300m.

The 242,800 sq ft building was bought from AXA Investment Managers and is CRL’s first acquisition in Europe. It is currently let to blue chip tenants including ICBC Standard Bank Plc and TSB Bank Plc.

The deal was led by Hogan Lovells London based real estate partner Daniel Norris and corporate partner Derek Meilman.

Commenting on the deal, Daniel Norris, said: "To work on such a high profile single asset transaction reinforces Hogan Lovells leading position in the investment market. There has been a trend of increasing Chinese investment in London's real estate market over the past year and we are delighted to help clients invest here.  Core London real estate remains attractive to Chinese investors, and the London market remains hot for the right stock and the right buyers – we're on course to have transacted over £1bn of central London real estate in the first six months of 2017 alone."