Gowling WLG advised Royal London Asset Management Property on acquisition of 1 Newman Street, Fitzrovia
Gowling WLG’s Real Estate team has advised Royal London Asset Management Property on its acquisition of 1 Newman Street
Gowling WLG advised Royal London Asset Management Property on acquisition of 1 Newman Street, Fitzrovia
Gowling WLG’s Real Estate team has advised Royal London Asset Management Property on its acquisition of 1 Newman Street, a prime office development in London’s Fitzrovia, from Great Portland Estates for approximately £250 million. Located directly opposite the Elizabeth Line’s Dean Street exit at Tottenham Court Road, the building comprises six floors of premium office space, including a spacious communal roof terrace and above-ground retail space, offering 81,000 sq ft of sustainable workspace in a highly connected and vibrant district.
The transaction marks a significant investment for Royal London Asset Management Property, surpassing its £180 million purchase of Atlantic House in Holborn last year, one of the largest office deals in the capital. The acquisition further strengthens the firm’s leading position in the London office market and demonstrates continued confidence in the city’s commercial real estate sector.
Felicity Lindsay (Partner) at Gowling WLG,said,
“This transaction underlines Royal London Asset Management Property's commitment to investing in high-quality, sustainable office assets in London. 1 Newman Street is a standout development, offering exceptional workspace and amenities in a prime location. We are delighted to have supported on this acquisition and to continue our longstanding relationship with Royal London Asset Management Property.”
The Gowling WLG team was led by Felicity Lindsay (Partner), with support from Paul Green (Partner), Lee Nuttall (Partner), Angela Perry (Principal Associate), Rita Vartoukian (Principal Associate), and Clare Simmons (Principal Associate).
Click to know more about Gowling WLG
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.