BDB Pitmans has acted for Monday Charitable Trust on the deal.
Monday Charitable Trust sold the Royal College of Art (RCA) Battersea North campus to clients of LaSalle Investment Management for £14.2 million. The transaction also involved the restructuring of the long leasehold interest of the RCA.
Monday Charitable Trust is a grant making foundation, which aims to improve life chances of disadvantaged and often marginalised groups in the United Kingdom, by supporting registered charities that work to tackle disadvantage, predominantly in the fields of housing, education, welfare and social mobility.
The Battersea North campus is comprised of three educational buildings, the Sackler, Dyson and Woo buildings, which were purpose built by and are subject to a long lease to the RCA, the world’s leading art and design university. The campus occupies a prime central London location close to Battersea Bridge.
The BDB Pitmans team acting on this transaction was led by head of real estate Jonathan Fewster (Picture), assisted by associate Laura Vasili. Tax support was provided by tax consultant Anthony Davis. Reena Patel of Gowling acted for LaSalle Investment Management and Catriona Berman of Stephenson Harwood acted for RCA.