Mayer Brown advises on £127m Oxford Street purchase
18 December 2013
London - Leading global law firm Mayer Brown has advised Tribeca Holdings on the £127million purchase of 431-451 Oxford Street. The large block, which is directly opposite Selfridges’ department store, consists of nine retail stores as well as offices and apartments.
The sale will be the second-largest mixed-use property deal in London’s West End district this year.
The buildings were sold by Structadene Ltd, the London-based real estate company founded by entrepreneur David Pearl.
Chris Harvey, London head of Real Estate Investment at Mayer Brown, commented: "This is one the largest property deals in London’s West End this year and a rare opportunity to reposition an asset in a prime location. We are delighted to have assisted on this deal.”
Tribeca, managed by investor Aidan Brooks, invests in prime retail property. Earlier this year, Mayer Brown also worked with Tribeca and Ashkenazy Acquisition Corporation on the £105 million purchase of Old Spitalfields Market.
The Mayer Brown team was led by Real Estate partners Chris Harvey and Jeremy Clay. They were assisted by Real Estate senior associates Kerry Middlemiss, Rose Meller, Danielle Gerber and associate Caroline Brennan; Banking & Finance partner Stephen Walsh, senior associate Amandeep Uppal and associate Tom Jackson and Tax Transactions & Consulting senior associate Simon Slade.