Charles Russell Speechlys LLP have advised long standing client Derwent London plc on the sale of 40 Chancery Lane to a Deka Immobilien fund for a headline price of £121.3m.
The property was acquired by Derwent before being redeveloped and then fully let to Publicis Groupe over the course of the last seven years.
Deka Immobilien provides real estate financing services. The Company offers loan funds and financing for commercial properties. Deka Immobilien Investment serves customers globally.
Derwent London plc owns 84 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2019, making it the largest London-focused real estate investment trust (REIT).
The CRS team was led by Louise Ward (Picture – Real Estate) with associate Mark White and Fiona Edmond (Construction).
Law Firms: Charles Russell Speechlys;
Clients: Derwent London;