Rathbone Place Jersey £435 million acquisition of Rathbone Square

Overview:

• Rathbone Place Jersey has acquired the Rathbone Square real estate development in London for £435 million from Great Portland Estates.
• The development is located just off of Oxford Street and constitutes a 419,700 square foot mixed use development expected to be complete in late March 2017.
• 242,800 square foot of the office space is pre-let to Facebook on a 15-year lease at an initial annual rent of £17.8 million.
• Rathbone Place Jersey is owned by WestInvest Gesellschaft Für Investmentfonds and Deka Immobilien Investment.
• Great Portland Estates was advised by legacy Nabarro.

Sam Duke - Editor