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.