19 September 2016

Forsters advise on Harlequin Building sale

Forsters has acted on behalf of HIFML UK Property Fund (HIFML) managed by Aberdeen Asset Management (AAM) in respect of the disposal of the Harlequin Building, 65 Southwark Street, London SE1 for a purchase price in excess of £48 million.

The 50,000 sq ft property, located on London's South Bank, was acquired by HIFML in 2013 following a substantial refurbishment programme. The asset comprises grade A office space let to tenants including Zoopla Property Group, Maris Interiors, World Travel and Tourism Council and Metropress, with ground floor retail space occupied by Itsu.

Commercial Real Estate partner Glenn Dunn advised AAM, assisted by Lorna Dolan.

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Nick Capstick-Dale, UK Real Estate Ltd