09 Jan 2012 | 05:00 pm |
Lawyers at international firm Pinsent Masons have advised on the sale of one of Glasgow's most prominent office buildings for a consideration of around £70m.
The firm, which is also a tenant at 141 Bothwell Street, has advised Strathclyde Pension Fund on the sale of the building to a client of Pramerica Real Estate Investors, the global real estate investment management business.
The 175,000 sq ft Grade A office building has now changed hands twice in recent years. In 2009 the property was sold by Premier Property Group, the commercial property investment and development arm of Sir David Murray’s Murray International Holdings, to Strathclyde Pension Fund for around £66.5m– a deal which lawyers at the firm also advised on.
Tom Ferrier, a Partner who led the team working on the deal, says:
"It's very pleasing to act for our client both on the acquisition and sale of the property and to help them achieve a very good outcome. It's clear that there remains a healthy demand for quality investment property. Our aim now is to build as good a relationship with our new landlords as we had with both previous owners!"
Multinational law firm Pinsent Masons has been recognised as a leading lesbian, gay, bi and trans employer by LGBT charity Stonewall in its Top Global Employers Index 2020 for the fifth consecutive year.
Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..
Multinational law firm Pinsent Masons has been named as one of the top ten family friendly employers in the UK by work life balance charity, Working Families.
Pinsent Masons has advised Kingston Student Living LLP (an Equitix/Engie consortium) on the Kingston University Residences DBFO project, which has reached Financial Close.
Multinational professional services business Pinsent Masons has won a hat-trick of awards at the Legal Week British Legal Awards in London.
International law firm, Pinsent Masons, has advised HSBC, Barclays and Natwest on their new, five year, £450m revolving credit facility to Derwent London plc, the largest London-focused Real Estate Investment Trust (REIT).
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on