27 March 2018
Shulmans advises on Purchase of Prestigious London Property Investment
Shulmans has announced the completion of the purchase of a multi-million-pound property investment in a renowned part of central London.
Acting on behalf of its off-shore client, Skyline Limited, the firm was instructed to handle all legal proceedings around the purchase of 25-26 Poland Street in Soho, in a deal worth £13 million.
Lawyers from the Real Estate Team, including Partner and Head of the Commercial Property unit, Simon Jackson, together with Peter Woods and David Ryan, were involved in the purchase. The team was created in order to deal with the complexity of the purchase and funding, and to undertake all of the due diligence within a very tight timescale.
Simon Jackson said: “The purchase of the prestigious premises in central London is an important addition to our client’s property portfolio in the capital. The investment contains in the region of 10,000 square foot of premium retail and office space.”
A spokesperson from Skyline Limited said: “We are delighted to have completed the purchase of 25-26 Poland Street in London. Shulmans LLP has been incredibly proactive in providing accurate and invaluable advice, guiding us through the complicated legal and commercial issues associated with a mixed-use investment property and with the funding requirement to acquire this through the family off-shore Trust arrangements.”
The purchase marks the latest addition to the company’s global property portfolio worth in the region of half a billion pounds.
Further details can be found online in an article published by Bdaily.