Ashurst advises Hines on GBP78m acquisition of 7 Soho Square from Landsec
Global law firm Ashurst has advised Hines Pan-European Core Fund (HECF) on the GBP78 million acquisition of 7 Soho Square from Landsec. The sale is expected to complete in mid-October.
7 Soho Square comprises circa 62,000 sq ft of mostly office space, plus ancillary retail and other accommodation arranged over basement, ground and six upper floors, with reconfiguration and reversionary potential. The property is located in one of the most vibrant and popular areas of the West End and benefits from excellent transport access, and is fully let.
The Ashurst team was led by partner and global head of real estate capital markets David Jones, assisted by senior associates Francesca Downes, John Arey and Kim Clifford and counsel Mark Race.
This is third signature acquisition Hines has made in the central London market this year, reflecting the strong demand for high quality office and mixed-use space in central London. Ashurst also represented Hines in relation to the purchase of a mixed-use retail and office scheme on the corner of Oxford Street and Bond Street in February this year, and the Grain House consented office scheme in Covent Garden in March.