Memery Crystal advise on £12.25m Old Street office building sale

Situated in the heart of London’s established Old Street tech belt, 130 Old Street comprises 14,054 sq. ft. (1,306 sq. m.) of office and ancillary accommodation arranged over two buildings. The main building comprises 12,081 sq. ft. (1,122 sq. m.) and is arranged over ground and five upper floors, whilst the rear, annex building, offers 1,973 sq. ft. (183 sq. m.) over ground and first floors. The building is currently multi-let to three office tenants.

The Memery Crystal team on this deal was led by our co-head of real estate Daniel Abrahams and included senior associate Craig Jones and Karkay Lee. The team were supported by partner Alex Barnes and senior associate Mark Rose from our tax and employment teams respectively.

Commenting on the deal, John Davis of ODC Management said: “The Memery Crystal team have demonstrated strong technical competence, and have been very pragmatic and responsive throughout this transaction. We are grateful for their support.”

Craig Jones, senior associate at Memery Crystal said: “We are delighted to have assisted ODC Management on this transaction. The transaction showcases our particular strength to deliver high quality commercial real estate advice and we look forward to working with our client in the future.”

Notes to the editor:

• Memery Crystal is recognised as a leading law firm for real estate by both Chambers UK and the Legal 500, with expertise in handling acquisitions and disposals, financing, development, construction, planning and all manner of property-related disputes.

(Image Source: Knight Frank)