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 hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
Multinational law firm Pinsent Masons has appointed partners Tim Webb and Emma Maher to its property practice.
Multinational law firm Pinsent Masons has appointed employment partner, Neil Black, as the new head of its Manchester office.
Multinational law firm Pinsent Masons has advised on an £83 million investment to fund the construction of 161 homes in the London Borough of Newham (LBN) – a key step forward as the borough seeks to tackle it’s housing gap.
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