Firm News

Mishcon de Reya advises UBS Global Asset Management on the sale of 160 Tooley Street for £135 million

Release Date:

13 February 2008

Mishcon de Reya has advised UBS Global Asset Management on the forward sale of 160 Tooley Street London SE1 for an estimated £135 million to a private client of HSBC Private Bank.

The 200,000 square foot office development is let to Southwark Council on a 25 year lease at around £7.5million per annum.

Having acted for UBS on the acquisition of Tooley Street from Great Portland Estates, Mishcon de Reya has dealt with the pre-letting to LB Southwark and the development agreement and has advised UBS on the planning and construction aspects.

The Mishcon de Reya team was led by real estate partners Ian Paul and Philip Freedman CBE with specialist construction advice from Kevin Steele and James Brownlie and planning advice from Rachael Jordan.