01 August 2014

Mishcon de Reya advises on plantation place south acquisition

Mishcon de Reya has advised a private investor on the purchase of Plantation Place South for £142.2 million, reflecting a yield of 5.4%.

Located on Great Tower Street, Plantation Place South has been on the market since November and is fully let to six global tenants including Axis Speciality Europe, Royal & Sun Alliance, Beazley, and Liberty Syndicate Management. The 163,000 square foot office and retail property developed by British Land in 2004 was purchased from Credit Suisse's European open real estate fund CS Euroreal.

The Mishcon team comprised Real Estate Partner Ian Paul and Associate Claire Manches.