A London building made famous by appearing as Gotham City Police Station in Christopher Nolan's recent Batman trilogy has been sold in a major office redevelopment deal.
National law firm Shoosmiths provided real estate advice to George Farmiloe & Sons Ltd on the freehold sale of the Grade II listed Farmiloe Building in Farringdon. The building, owned by George Farmiloe & Sons Ltd for well over a century, and which is located close to the new Crossrail station under development at Farringdon, was sold to Standard Life Investments who intend to redevelop the building into contemporary office and warehouse space totalling 64,777 sq ft.
Real estate partner Nathan Rees led the deal alongside associate Laura Limpus. They were supported by partner Patrick Garner and senior associate Helen Andrews, both specialists in construction.
Commenting on the deal, Tim Farmiloe of George Farmiloe & Sons Ltd, said:
'Nathan and the team at Shoosmiths have done an exceptional job of advising us on all real estate matters in the sale of the Farmiloe building. We would like to thank them for their commercial and pragmatic approach which enabled us to complete this sale.'
Shoosmiths Nathan Rees, commented:
'We were pleased to be able to advise the business on the sale of such an iconic London building. This is an exciting development project and we wish both parties every success for the future.'
Shoosmiths' real estate group is one of the largest in the UK, spread over eight offices from Scotland to the south coast of England. The group is made up of teams advising on real estate, construction, planning, property litigation, and environmental law.
Shoosmiths' clients include commercial and residential developers, investors, retail and leisure operators, social housing bodies, major corporate occupiers, banks and other funders and a range of public sector bodies.