Edward Scott and Co, the Jersey legal practice launched in September, has supported property development company Landsec with its recent acquisition of 55 Old Broad Street in the City of London.
Landsec acquired the units in the Jersey Property Unit Trust that owns 55 Old Broad Street from PGIM Real Estate for a headline price of £87m. The 100,000 sq ft office-led building is 10 storeys and close to Liverpool Street station.
The deal has exchanged on an unconditional basis and is expected to complete in January.
Edward Scott, Principal, commented: “This is one of a number of JPUT transactions we have worked on at Edward Scott and Co. JPUTs continue to be flexible and efficient vehicles for UK commercial real estate investment.”