Carey Olsen has advised Singapore property developer and investor Sun Venture on the purchase of One New Oxford Street in London from Nuveen Real Estate.
The transaction, which completed on 4 September for an undisclosed sum, represents the first UK acquisition for Sun Venture.
One New Oxford Street is a 110,000 sq ft Grade A office and retail development between Tottenham Court Road and Holborn Tube stations. Current tenants are retailer H&M, which occupies six of the nine floors, with Amazon subsidiary Twitch occupying the remaining three.
Working alongside onshore counsel CMS, the global Carey Olsen team advising Sun Venture was led by Corporate Partner Robin Smith, assisted by Jersey-based Counsel Fiona Dalton and Singapore-based Senior Associate Susan McKinstray.
From its Singapore and Jersey offices, Carey Olsen advised on all Jersey legal and regulatory aspects of the purchase, which was completed by way of acquisition of a Jersey Property Unit Trust.