National law firm Shoosmiths has provided real estate advice to McKay Securities PLC on the freehold sale of two adjoining buildings on Blackfriars Road, London, SE1 for £21.5 million.
McKay is the only Real Estate Investment Trust (REIT) specialising entirely in office and industrial markets in the South East and London.
The commercial office buildings, 202 and 203 Blackfriars Road, total 23,044 sq ft and were sold to Barts Charity, an independent charity funding innovative healthcare and medical research across Barts Health NHS Trust. Blackfriars Road is located in the heart of the sought after Southbank area, opposite Southwark tube station.
Real estate partner, Alan Corcoran and associate George Panteli coordinated a cross office team advising McKay in relation to the sale. Specialist legal advice was also provided by tax partner Tom Wilde and planning associate Aaron Richardson.
Shoosmiths has a long standing relationship with McKay acting for them on a number of transactions and advising on refinancing packages.
Steven Mew, Property Director at McKay Securities PLC, said:
'Once again Shoosmiths has provided a first class service. We would like to thank the Shoosmiths team for their commercial and pragmatic approach, which has enabled us to seamlessly complete this sale.'
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.