Mayer Brown has advised British Land on the sale of The Leadenhall Building for a headline price of £1.15 billion to C C Land, the Hong-Kong listed property development company.

British Land and Oxford Properties, the global real estate arm of OMERS, developed and own The Leadenhall Building, also known as the 'Cheesegrater', as an investment in a 50/50 joint venture formed in 2010. Construction of the tower started in early 2011 and completed in summer 2014.

The 736 feet building, currently the tallest building in the City of London, provides 610,000 sq ft of office accommodation over 46 floors and is fully let to tenants including insurers Aon and MS Amlin, and the building’s architects Rogers Stirk Harbour + Partners.

Jeremy Clay, global head of Real Estate at Mayer Brown, said: "The sale of this iconic London building demonstrates continued investor appetite for prime real estate in the City. We are delighted to have advised our long-standing client on this significant transaction."

The Mayer Brown team was led by Jeremy Clay and included Real Estate partners Caroline Humble and Patricia Jones, senior associate Robert Patterson and associate Sam Harris; Corporate & Securities partner Richard Page and senior associates Sam Webster and Jonathan Musker; and Tax Transactions & Consulting partner Sandy Bhogal and Simon Slade.

British Land and Oxford Properties were also advised by Cushman & Wakefield, Eastdil Secured, and Herbert Smith Freehills.