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."
Key Contacts
Multinational law firm Pinsent Masons has hired real estate partner, Louisa Lynch, in Dubai.
Multinational law firm Pinsent Masons has hired pensions partner Andy Wright into its Leeds office, taking the size of its pension team to 64.
Multinational law firm Pinsent Masons has advised renowned affordable luxury jewellery brand Monica Vinader on the latest strategic investment from Bridgepoint Development Capital IV, a fund focused on investing in mid-market growth businesses.
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.
Multinational law firm Pinsent Masons has advised the University of Birmingham on a 1,200-bed student accommodation project which will provide nearly 500 new student bedrooms and upgrade over 700 existing student bedrooms at Pritchatts Park Student Village.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]