2 November 2009 – Leading international law firm Mayer Brown has advised British Land plc on their £40.25 million acquisition of an investment property from Aviva Investors.
British Land has purchased 39 Victoria Street, London, SW1, which is let as a whole to Bank of America. Bank of America sub-lets the 76,000 sq ft building, with tenants including Last Minute.com and the Labour Party.
The Mayer Brown team was led by partner Jeremy Clay with assistance from associates Caroline Humble and Graham Winkley. This is the first transaction on which Mayer Brown has advised British Land.
Jeremy Clay, partner at Mayer Brown, said: "The level of activity within the investment market has increased significantly over the last quarter and is indicative of the improving sentiment within the property sector. We were therefore delighted to be able to act for British Land on this deal."
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