Fladgate advises on £50.5m real estate transaction

Our team: Amy Collins, Matthew Williams, Andrew Bessemer Clark

Fladgate LLP has advised on the sale of the shares in a company affiliated with HDG Mansur. The sole asset of the company is the Freehold of 169 Union Street, SE1, which is the headquarters of the London Fire and Emergency Planning Authority. The transaction valued the property at
£50.5 million.

Fladgate real estate partner Robert Muir led the cross departmental team assisted by partner Matthew Williams. Partner Amy Collins advised on the corporate aspects of the sale and partner Andrew Bessemer-Clark on the financing aspects. The purchasers, a client of Oxygen Asset Management, were advised by Norton Rose LLP.

Fladgate’s real estate investment team comprises a number of experienced lawyers who have come together from a wide spectrum of legal backgrounds. The team’s skills encompass acquisitions, sales, lettings, joint ventures, finance and receiverships, backed by in-depth market knowledge. Property tax is a key element that underpins the structuring and implementation of transactions; the team has substantial experience of SDLT, domestic and international tax matters.

Investments on which the firm advises range from individual shops and industrial units to shopping centre portfolios, hotels and office buildings.

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