Hines Pan-European Core Fund’s £78 Million Acquisition Of 7 Soho Square From Landsec

Ashurst has advised Hines Pan-European Core Fund on the £78 million acquisition of 7 Soho Square from Landsec.

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, with Trip Advisor, the world’s largest travel platform occupying the majority of the office space, and planning consultancy Barton Willmore the other office tenant. The retail element on the basement and ground floor is let to Tesco.

The Ashurst team was led by partner and global head of real estate capital markets David Jones (Picture), assisted by senior associates Francesca Downes, John Arey and Kim Clifford and counsel Mark Race.

Involved fees earner: John Arey – Ashurst; Kimberley Clifford – Ashurst; Francesca Downes – Ashurst; David Jones – Ashurst; Mark Race – Ashurst;

Law Firms: Ashurst;

Clients: Hines;