News

Bedell Cristin acted as Jersey counsel to Deka Immobilien ("Deka") on its acquisition of the prime mixed-use property at One Rathbone Square in the West End of London. The purchase was made by a joint venture between the open-ended Deka real estate funds, WestInvest InterSelect and Deka-ImmobilienEuropa, from the seller, Great Portland Estates plc.

Working alongside Deka's UK counsel, Simmons & Simmons LLP, Simon Hopwood and Amy Fairfoull from Bedell Cristin's Jersey office advised Deka on all Jersey aspects of the transaction.

Simon Hopwood commented: "We are delighted to have advised Deka on this high profile acquisition and to have been part of a team that assisted with the purchase of this prime mixed-use property in London. This is another example of our extensive corporate real estate experience and expertise which demonstrates our ability to handle transactions of this nature and complexity."

One Rathbone Square comprises of office space of nearly 250,000 square feet. The office space is pre-let to Facebook. Great Portland Estates plc purchased the site in 2011, before starting building works in 2014.