Ashurst’s head of real estate investment David Jones has advised opposite Reed Smith on the £300m purchase of a 50,000 sq ft strip of prime real estate on New Bond Street, the first time in 40 years that the privately-owned Central London properties have been on the market.
Jones’ team advised purchasers Oxford Properties and luxury brand holding company Richemont, with a team that included real estate partner Sarah Sivyour, tax partner Simon Swann and senior associate Rabinda Sokhi. The team last year advised Oxford Properties on its £235m acquisition of King Edward Court, the 246,000 sq ft headquarters of the London Stock Exchange.
