Oxford Properties sells 50% joint venture of Paternoster Square Assets

Ashurst has advised Oxford Properties on the refinancing and the 50% joint venture sale of King Edward Court (headquarters of the London Stock Exchange) and St Martins Court (CBRE’s London headquarters) to Madison International Realty for c£200 million.

Ashurst previously advised Oxford Properties on the acquisition and financing of both King Edward Court in 2013 and St Martins Court in 2012. Oxford Properties will act as asset manager for the new joint venture, taking Oxford’s third party assets under management in Europe to C$1.8Bn.

The Ashurst team was led by partner and Head of Real Estate Capital Markets, David Jones (picture) and included Sarah Sivyour, Joanne Senior, Chris Benbow and Alex Levart (real estate), Sarah Watkinson, Jessica Jenner, Sarah Winter and Eva Zimmerman (real estate finance) and Simon Swann and Tim Gummer (real estate tax).

Involved fees earner: David Jones – Ashurst; Sarah Sivyour – Ashurst; Joanne Senior – Ashurst; Alex Levart – Ashurst; Sarah Watkinson – Ashurst; Jessica Jenner – Ashurst; Sarah Winter – Ashurst; Eva Zimmerman – Ashurst; Simon Swann – Ashurst; Tim Gummer – Ashurst;

Law Firms: Ashurst;

Clients: Oxford Properties Group;