23 May 2017

Forsters advise on Maidenhead office acquisition

Forsters has acted on behalf of Saudi Arabia-based Tamer Group in relation to the acquisition of an office building in Maidenhead, Berkshire for a purchase price of £35.4 million. The transaction was structured as an SPV share sale.

The leading healthcare, beauty care, prestige products, and fast moving consumer goods company has acquired Abbott House, located on Vanwall Business Park. The office building, comprising 76,579 sq ft is single let to American pharmaceutical company Abbott Laboratories.

Commercial Real Estate partner Andrew Crabbie advised the Tamer Group, assisted by Hannah Rickard. Corporate partner Christine Dubignon advised on corporate aspects of the transaction, assisted by Nicholas Newman. Tax partner Heather Corben dealt with tax aspects.

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