Conyers recently advised Abu Dhabi Capital Management (“ADCM”) on the formation and legal documentation relating to a Cayman domiciled real estate acquisition vehicle which acquired 1 Palace Street, a Grade II listed former hotel building located close to Buckingham Gate in the heart of London. The building comprises 245,000 square feet of development space which will produce 78 luxury apartments, a restaurant and health centre with unrivaled views of Buckingham Palace.
ADCM was established in Abu Dhabi as an alternative investment firm seeking opportunistic investments across various sectors and regions. ADCM recently won the award for “Best Private Equity Fund” at the Banker Middle East Product Awards 2014 in recognition of the performance of its ADCM Secondary Private Equity Fund L.P. (“ADCM Secondary Fund”) which Conyers also advised on.
Fawaz Elmalki of Conyers’ Dubai office advised ADCM on the formation and legal matters relating to both the 1 Palace Street investment vehicle and the ADCM Secondary Fund.