Mishcon de Reya has advised London-based serviced office space provider, Business Environment (BE), on the completion of its £9m acquisition of four serviced office centres located in Canary Wharf, Euston, Victoria and Paddington.
The acquisition – which forms part of BE’s five year growth programme - consolidates its presence in the London market and broadens its central London coverage away from its traditional City base and into the West End and Docklands for the first time.
The transaction was structured by way of two share sales and two business sales. It has increased the total number of BE centres to 17; its portfolio increases by 111,000 sq ft to 857,000 sq ft; and total workstations grow to almost 14,000.
Nick Davis, Head of the Corporate department at Mishcon de Reya, led the team, which also consisted of lawyers from the firm's tax and employment practices.