Clifford Chance Advises Nuveen Real Estate on Sale of 70 St Mary Axe

"Clifford Chance advised Nuveen Real Estate on the sale of 70 St Mary Axe to Hayfin Capital Management and Capreon for in excess of £300 million. The City landmark, developed by Nuveen and completed in 2019, is fully let to 13 tenants. Clifford Chance supported Nuveen across acquisition, development and leasing."

Clifford Chance advised Nuveen Real Estate on the sale of 70 St Mary Axe to Hayfin Capital Management and Capreon. The firm advised on the disposal of the City of London landmark colloquially known as the “Can of Ham” for a sum in excess of £300 million. 70 St Mary Axe was developed by Nuveen and completed in 2019; the building is fully let to 13 tenants. Clifford Chance had supported Nuveen on the acquisition, development and leasing of the asset over the last decade. The disposal underscores strong investor appetite for high‑quality, well‑leased City assets as new supply remains limited and has been reported as one of the UK’s largest office investment deals of 2025. Clifford Chance represented Nuveen Real Estate with a team composed by: Ian Painter (Partner, Transactional Real Estate), supported by Senior Associates James Law and Melissa Jones, together with colleagues in Real Estate Tax, Planning and Construction. Nuveen Real Estate's in-house legal team represented the seller with a team composed by: Nick Deacon, Sophia Layton and Charlotte Haigh.

Clifford Chance Advises Nuveen Real Estate on Sale of 70 St Mary Axe

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