Nabarro has advised longstanding client, Mitsui Fudosan UK with their development partner Stanhope on the acquisition of One Angel Court in EC2 from US financial services organisation TIAA-CREF. The 200,000 sq ft 21-storey office tower has planning permission for an extensive redevelopment.

The acquisition will strengthen Mitsui Fudosan and Stanhope's portfolio of prime commercial properties and projects in Central London.

The Nabarro team, led by Real Estate and client relationship partner Kevin Stimpson, included Funds and Indirect Real Estate partner Chris Luck, Real Estate Dispute Resolution partner Nick Lloyd and fellow Real Estate partner Tanya Holt, supported by senior associates Steven Billingham, Sergio Vella and Phil Anderson, and associates Katherine Frankham, Robert Mann, Ariel Eder, and Laura Jordan.

Kevin Stimpson, partner at Nabarro, said: "This deal demonstrates the confidence the market retains in the City of London as a prime office location and the demand for quality development and redevelopment opportunities. It is always a pleasure to support an international investor such as Mitsui in meeting its strategic goals and extending its portfolio of real estate assets."

Nabarro also advised Mitsui Fudosan and Stanhope on two major acquisitions currently under development: 8-10 Moorgate, a £90 million eight-storey building of prime office and complementary retail and space, as well as the £100 million speculative office development at 70 Mark Lane in the City.

Linklaters acted for TIAA-CREF.