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Deal Date: 16-02-2015 Practice Area: Real Estate
Deal Title: Derwent London Purchase of Long Leasehold at 20 Farringdon Road, London Industry: Real Estate Investment & Services
Description:
Derwent London plc exchanged contracts with LaSalle Investment Management, the global real estate investment manager, to acquire a minimum 175-year long leasehold of 20 Farringdon Road, Clerkenwell EC1 in London's Tech Belt. LaSalle retained the building's virtual freehold with the right to receive 10% of all rents.
Financial Center: Birmingham Value: 0.00-0.00
Advised Party: Purchaser Law Firm
Real Estate Jurisdiction United Kingdom Purchaser Jurisdiction United Kingdom
Classification: Real Estate Acquisitions and Disposals Office
Lawyer John R Burns