IFLR1000

Stamford Land/Ow Global £260 million acquisition of 8 Finsbury Circus

29/7/2019
Real estate acquisition
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£ 260 million

$ 315.077 million

Announced

29/7/2019

Overview:

  • Stamford Land Corporation and Ow Global have acquired 8 Finsbury Circus in London from Mitsubishi Estate London for £260 million.
  • The building is a 10-storey freehold Grade A listed office building near Moorgate.
  • It has a total floor area of 177,000 square feet of lettable space
  • Mitsubishi redeveloped the building in 2016.
  • Stamford will take a 60% stake with Ow taking the remaining 40%.

Sam Duke

Jurisdictions:

Singapore
United Kingdom

Deal type:

Real estate acquisition

Practice areas:

M&A
Real estate acquisitions

Industry sector:

Real estate

Firms:
CMS Cameron McKenna Nabarro Olswang

Party: Mitsubishi Estate London (Seller)

Lawyer: Hugh Picton Phillipps

Gowling WLG

Party: Stamford Land Corporation (Acquirer)

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