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Deal Date: 15-01-2016 Practice Area: Real Estate
Deal Title: Great Portland Estates Acquisition of 50 Finsbury Square, EC2 Industry: Real Estate Investment & Services
Description:
Nabarro advised Great Portland Estates on the acquisition of 50 Finsbury Square, EC2, from Deka-ImmobilienGlobal fund for GBP119m, reflecting GBP941 per sq ft and a net initial yield of 5.32% after costs. 50 Finsbury Square was freehold and comprised 126,500 sq ft of predominately offices, developed in 2000.
Financial Center: London Value: 100.01-500.00
Advised Party: Purchaser Law Firm
Real Estate Jurisdiction United Kingdom Purchaser Jurisdiction United Kingdom
Classification: Real Estate Acquisitions and Disposals Office
Lawyer Caroline Maude