Bedell Cristin acted for Crosstree in relation to property transactions valued at over £291m
06 January 2016
Bedell Cristin acted for Crosstree Real Estate Fund in relation to a joint venture with Helical Bar plc and the sale of their interests in Empire House, London EC1 to Standard Life Investments Long Lease Fund for £20,650,000 in November 2015. Bedell Cristin also acted for Crosstree in relation to the sale of their interests in 207 and 211 Old Street, London EC1, also known as "The Bower", to Helical Bar plc for a combined price valued at £248,000,000 and in relation to the purchase of the interests of Helical Bar plc in Retail Parade at 183 - 213 Old Street, London for £23,000,000 in January 2016.
These transactions reflected the ending of the successful joint venture arrangements entered into in 2012 by Crosstree and Helical Bar plc to redevelop "The Bower". Bedell Cristin, led by Simon Hopwood (Partner) and Stephen Ferguson (Senior Associate), assisted with the Jersey aspects of the joint venture and the subsequent sale and purchase transactions.