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    Willis Advises on Five of the Top Ten Property Deals of 2013

    London, UK, February 17, 2014 – Willis Group Holdings (NYSE: WSH), the global risk adviser, insurance and reinsurance broker, is pleased to announce that the Willis Transaction Services Team, part of Willis FINEX Global, provided insurance advice for five of the top ten biggest real estate deals in the UK last year.

    The largest property deals in 2013 according to leading commercial property resource, Estates Gazette Interactive’s London Offices Database were:

    Address

    Purchaser/Leaser

    Price

    Broadgate Estate

    GIC

    £1.7bn

    More London

    St Martins Property Corporation

    £1.7bn

    Shell Mex House

    Sirosa

    £610m

    Ropemaker Place

    AXA Real Estate Investment

    £472m

    The St Botolph Building

    Deka Immobilien Investment

    £470m

    Paddington Central

    British Land

    £470m

    Devonshire House

    Ponte Gadea Group

    £400m

    5 Canada Square

    St Martins Property Corporation

    £383m

    King's Cross Central

    AXA Real Estate Investment

    £318m

    30 Gresham Street

    Deutsche Asset Management

    £310m

    Commenting on the successful year, Brian Hendry, Executive Director, Willis Transaction Services, said: “We have seen that the involvement of transaction insurance services across the full spectrum of Real Estate transactions continues to increase. The use of this insurance product and advice in such transactions can be an extremely valuable means of bridging the risk requirements between buyers and sellers in a deal negotiation.”

    About Willis Transaction Services Team

    The Transaction Services Team is part of Willis FINEX Global, a division of Willis providing specialist advice and services to clients for Financial, Executive and Professional Risks. The Transaction Services Team develops traditional Warranty & Indemnity cover for all industry sectors as well as seeking new and innovative ways to mitigate risks arising out of corporate transactions. As part of the services, the team provides tailor-made or bespoke policies to incorporate all or part of coverages including:

    • Warranty & Indemnity / Representations & Warranties
    • Loss Mitigation/Loss Capping
    • Opinion-based Contingent Risk
    • Corporate Tax Indemnity

    About Willis

    Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 17,500 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world’s leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.

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