Firm News
Mishcon de Reya advises Capital & Counties on the purchase of a 50% stake in Empress State Building.
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22 August 2008 |
Mishcon de Reya advised Liberty International subsidiary, Capital & Counties on the purchase from Land Securities of a 50% stake in one of West London’s largest properties, Empress State Building London, SW6. The half share in the 470,000 square foot 30 storey building was sold for £107.75 million.
The former Ministry of Defence building is wholly let to the Metropolitan Police at a current rent of £12.27 million p.a.
The Mishcon de Reya team was led by Head of Real Estate, Nick Doffman and assisted by Senior Associate, Arnaud Montagna.
- Clifford Chance and Nabarro acted for Land Securities.
- Linklaters advised Capital and Counties/Liberty on the corporate transaction.
- Allen & Overy acted for the lead lenders Eurohypo and Abbey UK.
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