Ogier's team in Guernsey has provided Guernsey and British Virgin Islands law advice to a joint venture between Tristan Capital Partners' CCP 5 Long Life ("CCP LL") core plus Fund and Cording Real Estate Group on the £245 million acquisition of the Holborn Links Estate (the Estate) from Labtech Investments Limited.
The Estate is located in the heart of Bloomsbury, one of London's most vibrant submarkets which is home to world famous institutions including University College London (UCL), London School of Economics (LSE), Great Ormond Street Hospital and The British Museum. The Estate is located close to two Crossrail stations on the Elizabeth line, Tottenham Court Road and Farringdon and is a short walk from Holborn tube station.
A cross-jurisdictional team led by Bryon Rees and including fellow partner Tim Clipstone, senior associate Michelle Watson Bunn and associate William Schofield, advised on the Guernsey and BVI corporate and finance law matters related to the transaction, working with lead counsel Greenberg Traurig, LLP.
Commenting on the transaction, Bryon Rees said: "We were pleased to support Tristan and Cording on the acquisition of this historic and significant estate and wish them all the very best as they continue to develop this special piece of property. Congratulations too to the various advisory teams."
Tristan Capital Partners is an employee-controlled investment management boutique specialising in real estate investment strategies across the UK and Continental Europe. Tristan's pan-European real estate funds include core-plus and value-added/opportunistic strategies with total assets under management of over €10.5 billion. Tristan is headquartered in London and has offices in Luxembourg, Milan, Paris, Stockholm, Frankfurt, Madrid and Warsaw.
Cording Real Estate Group is part of Edmond de Rothschild Real Estate Investment Management, which has a consistent and comprehensive European network of nine offices and 120 employees, with an initial CHF 11.4 billion of assets under management and significant potential for future growth.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.