Mayer Brown has advised the LKK Health Products Group, a member of the Hong Kong-based food company Lee Kum Kee Group, on its purchase of the London skyscraper known as the “Walkie Talkie” for £1.2825 billion. This makes it the largest-ever office complex property transaction in the United Kingdom.

LKK purchased the property in its entirety from Canary Wharf Group and Land Securities Group.

The 37-storey building, situated at 20 Fenchurch Street, London, is the fifth tallest completed building in the City of London and provides 713,000 sq foot of office, retail and ancillary accommodation, as well as the landscaped public gardens called the Sky Garden.

Chris Harvey, UK head of Real Estate at Mayer Brown, said: “The purchase of this iconic London building is an excellent example of the continuing interest by overseas investors in prime London real estate. We are delighted to advise LKK on the acquisition of this landmark real estate asset.”

Mayer Brown regularly advises on high-value real estate transactions involving the purchase and sale of iconic London buildings and recently acted for British Land on the sale of the Leadenhall Building, also known as the “Cheesegrater”, for £1.15 billion in February 2017.

The Mayer Brown team was led by Chris Harvey and global head of Real Estate Jeremy Clay and included Real Estate partners Andrew Hepner, Caroline Humble, Anita Jones and Pat Jones, of counsel Ross Berridge, senior associates Tim Collier, Iain Roberts and Robert Patterson and associates Erin Brayshaw, Natalie Carter and Annabel Ersser; Antitrust & Competition partner David Harrison and associate Sion Davies; Construction & Engineering partner Jonathan Olson-Welsh and senior associates Sean Hummerstone, Peter Parten and Tamsin Travers; Corporate & Securities partners Jeremy Kenley, Connor Cahalane and Tim Nosworthy and senior associates Simon Allison and Katherine Woods; Employment & Benefits partner Nicholas Robertson; Environmental lawyer (New Zealand) Josh McGettigan; Restructuring, Bankruptcy & Insolvency senior associate Jessica Walker; and Tax Transactions & Consulting partner Sandy Bhogal, senior associate Ben Fryer and associate Kitty Swanson.

LKK was also advised by surveyors Cushman & Wakefield.