Pinsent Masons advises Hines on its Bond Street property acquisition

11 Jan 2019 | 08:20 am | 1 min. read

International law firm Pinsent Masons has advised US investor Hines European Value Fund (HEVF) on the £40 million plus real estate acquisition of 354-358 Oxford Street opposite London's Bond Street tube station from London Underground.

The deal, which is the first big ticket property transaction of 2019 and HEVF's first London acquisition, will see the company convert the site into a mixed residential and retail scheme with an estimated GDV of approximately £70 million.

The team at Pinsent Masons was led by real estate partner Richard Lloyd and included senior associate Emma Truss as well as construction legal director Kofi Atta, planning partner Nicholle Kingsley, associate Susanne Andreason and finance partner John Maciver.

Commenting on the deal, Richard Lloyd, said: "Set against the backdrop of Brexit, this transaction sends a powerful signal to global investors that the UK is still a lucrative hub with a thriving real estate sector.

"We are delighted to have advised HEVF on such a significant acquisition in the UK which will no doubt help to kick-start property investment in 2019."

Hines is a longstanding client for Pinsent Masons in the UK. Last year the firm advised Hines European Core Fund on the circa £50 million forward purchase of the Mint Building in St Andrew Square, Edinburgh. This high profile project was one of the most significant new office and mixed use developments in Scotland in recent years.

 HEVF fund manager, Paul White, said: "The acquisition of 354-358 Oxford Street is another example of HEVF's commitment to focus only on the best micro-locations within its target markets. The mixed-use components of this new project offer the fund strong downside protection during uncertain macroeconomic times."

Latest press releases

Show me all press releases

Pinsent Masons advises Bodymed AG on the sale to Nestlé Health Science

The multinational law firm Pinsent Masons advises the holding company of the founder Dr Hardy Walle on the sale of all shares of Bodymed AG to Nestlé Health Science.

Pinsent Masons secures 11th place in Financial Times Diversity Leaders 2021 Report

Multinational law firm Pinsent Masons has been named as a top 20 Diversity Leader by the Financial Times, ranked 11th in its Diversity Leaders 2021 report.

Pinsent Masons advises shareholders of Goodtill on its sale to SumUp

Multinational law firm Pinsent Masons has advised the shareholders of Goodtill on its sale to SumUp

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons rolls out the Mindful Business Charter in the Middle East to promote mental health and wellbeing

Pinsent Masons has rolled out its Mindful Business Charter across its business in the Middle East. It adopts and promotes a culture of openness about mental wellbeing and encourages working arrangements that will reduce the unnecessary causes of stress and pressure in the workplace thereby ensuring higher team performances.

Pinsent Masons advises major student accommodation project at Kingston University

Pinsent Masons has advised Kingston Student Living LLP (an Equitix/Engie consortium) on the Kingston University Residences DBFO project, which has reached Financial Close.

Pinsent Masons wins at the Legal Week British Legal Awards

Multinational professional services business Pinsent Masons has won a hat-trick of awards at the Legal Week British Legal Awards in London.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts