Korean Federation of Community Credit Cooperatives, Hyundai Fire & Marine Insurance, Gaw Capital Partners and two other investors completed the acquisition of Marks & Spencers global headquarters in Paddington from D2 Private.
November 15, 2013 at 09:30 am IST
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Korean Federation of Community Credit Cooperatives, Hyundai Fire & Marine Insurance, Gaw Capital Partners and two other investors agreed to acquire Marks & Spencer's global headquarters in Paddington from D2 Private for approximately £210 million on September 5, 2013. Gaw Capital Partners acquired Marks & Spencer's global headquarters on behalf of the investors. The transaction was financed by a five-year senior loan of approximately £120 million from MetLife. Jones Lang LaSalle and CBRE acted as real estate brokers to D2 Private. Mayer Brown acted as legal advisor to Gaw Capital.
Korean Federation of Community Credit Cooperatives, Hyundai Fire & Marine Insurance, Gaw Capital Partners and two other investors completed the acquisition of Marks & Spencer's global headquarters in Paddington from D2 Private on November 15, 2013.
Hyundai Marine & Fire Insurance Co Ltd is a Korea-based company engaged in the non-life insurance business. The Company provides fire insurance, marine insurance, automobile insurance, guaranteed insurance, overseas accident insurance, long-term insurance and annuities, as well as pension insurance, engineering insurance, liability insurance, casualty insurance and others. In addition, it is involved in the consumer lending, building management, damage assessment, call center, education business, asset management and others.
Korean Federation of Community Credit Cooperatives, Hyundai Fire & Marine Insurance, Gaw Capital Partners and two other investors completed the acquisition of Marks & Spencer’s global headquarters in Paddington from D2 Private.