Maples Teesdale have advised a major Bank in respect of the re-financing of Real Assets Global Opportunity Fund I acquisition from Grosvenor of the 125-year leasehold interest in 33 Grosvenor Street Mayfair. The Property consists of a 11,437 sq ft office building which will be sub-let on a 10-year occupational lease to the Floreat Group and will form the Group’s new London headquarters. The Fund is managed by Floreat Real Estate.
Ajoy Bose-Mallick (Partner) advised the Bank in respect of the funding elements of this transaction with assistance from Lorna Stevens. Katherine Watts, (Partner) and Charles Elgood advised on the property aspects of the transaction. Burges Salmon advised the Borrower. Ajoy Bose-Mallick commented that the nature of the transaction demonstrated the quality, breadth and experience of the team in dealing with complicated commercial property transactions for the Bank.
For further information please contact Ajoy Bose-Mallick on 020 3465 4375 or firstname.lastname@example.org