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January 24, 2026
Kirkland Advises GIC on £694 Million Acquisition of Stake in London Paddington Office Campus
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- Kirkland & Ellis advised Singaporean Sovereign Wealth Fund, GIC, on its £694 million acquisition of a 75 percent stake in most of the Paddington Central assets from British Land
- The deal creates a new joint venture, with GIC holding 75 percent and British Land 25 percent
- The Kirkland team included corporate partners Celyn Evans, Annette Baillie, Nick-Raj Birdi, Matthew Elliott, debt finance partner Kazik Michalski, and tax partners Tim Lowe and Cian O'Connor.
Kirkland & Ellis advised Singaporean Sovereign Wealth Fund, GIC, on the £694 million acquisition of a 75 percent stake in the majority of Paddington Central assets from British Land. The transaction establishes a new joint venture with an ownership split 75:25 for GIC and British Land respectively. The Kirkland team was led by corporate partners Celyn Evans, Annette Baillie, Nick-Raj Birdi and Matthew Elliott, debt finance partner Kazik Michalski and tax partners Tim Lowe and Cian O'Connor.
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