Dentons has advised Aviva and its co-investors on the sale of the remaining assets at PaddingtonCentral to British Land for £470 million. Dentons acted for all the Sellers led by Aviva Investors, advisors to Aviva as the majority owner.

The transaction involved the disposal of three specialist real estate funds containing circa 500,000 square feet of offices and retail/leisure space, a 206 bedroom hotel and two development sites with consent for a further 355,000 square feet of offices.

Dentons' involvement in the PaddingtonCentral project began in 2000 when it acted for Aviva Investors and The Equitable Life on the original acquisition of the development site and the appointment of the original developer. The work since has involved creating and representing the joint venture vehicles on all four phases of development and negotiating the development documents and the lettings to the major corporate occupiers and retailers and, finally, the disposals of the investments.

Nichola West, partner in the real estate practice at Dentons, said: ' This sale represents a successful conclusion to Dentons' 13 year involvement in this award winning scheme. The strength and breadth of our real estate team ensured we were able to guide Aviva through every phase of the project, culminating in this significant sale.'

The Dentons team was led by Nichola West and corporate partner, Martin Kitchen. The core team included senior associates Hugo Gerrard, Sarah Rowlands and Dominic Sedghi, and lawyers Anna Hebenstreit and Stephanie Yates.

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