Ashurst has advised the seller on the disposal of a portfolio of 'Apart-Hotels' and one residential complex in London to Starwood Capital for £206 million. The properties are located in two of London's top emerging submarkets: Tower Bridge/Bermondsey and Earls Court/Kensington. The transaction is a rare example of companies exiting administration after successfully paying their creditors in full following completion of creditors' voluntary arrangements.

The Ashurst team was led by Ashurst Head of Restructuring & Special Situations Giles Boothman, assisted by senior associates James Fletcher and Stuart Dullard, and associates Aaron Shute and Nicholas Walker. Tax advice was provided by Ashurst partner Alexander Cox and senior associate Philippa Michie.