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published DECEMBER 11, 2009

Slaughter and May acted 5 Churchill Place on Purchase of a long leasehold interest in Canary Wharf

Slaughter and May acted for 5 Churchill Place L.P., a limited partnership owned and controlled by a private investor based in Bermuda, in connection with its purchase of a long leasehold interest in 5 Churchill Place, a recently completed development in Canary Wharf, London E14, for an aggregate consideration of £208 million. The building comprises approximately 314,000sq.ft of office accommodation arranged over twelve office floors. The majority of 5 Churchill Place (10 floors of approximately 262,000sq.ft) is let to J.P. Morgan Markets Limited for a term of 20 years. Canary Wharf Group is providing rent support in respect of the two currently unlet floors (approximately 52,000sq.ft) of £2.16 million per annum for a period of 5 years. Real Estate :John Nevin (Partner), David Seymour (Associate), Nick Mumby (Associate); Tax: William Watson (Partner), Ed Milliner (Associate); Corporate: Iqbal Hussain (Associate)