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Memery Crystal advise on the £38.1m sale of Brixton landmark Blue Star House

05/02/2020

At a glance

The real estate team at Memery Crystal have advised a private family client on the £38.1m sale of its freehold interest in Blue Star House, Brixton to Derwent London.

The 53,750 sq. ft. eleven-storey building comprises multi-let office space, including two vacant floors, with restaurant and leisure accommodation at ground/podium level. Located immediately opposite the Brixton O2 Academy, Blue Star House is currently home to tenants including Nando’s, Fitness First, Lambeth Borough Council and the world-leading type design agency Dalton Maag.

The Memery Crystal team on this deal was led by our co-head of real estate Alastair Moss and included senior associate Ayesha Qayum and solicitor Sophie Moonshine. The team were supported by partner Alex Barnes and senior associate Mark Rose from our tax and employment teams respectively.

Commenting on the deal, Brett Artus who manages our private family client’s portfolio said: “We are grateful to the entire team at Memery Crystal for their support during this transaction. They have demonstrated strong technical competence, provided strategic and commercially focused advice complemented by a very responsive service to get the transaction over the line in a short space of time.”

Alastair Moss, co-head of real estate at Memery Crystal said: “We are delighted to have worked with our client on the sale of this (Blue Star House) Brixton landmark. This transaction showcases our ability to deliver high quality real estate advice and we look forward to supporting 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.
  • The client in this transaction is a family-owned property investor and developer.
  • Derwent London, the largest London-focused real estate investment trust (REIT), owns a portfolio of 5.7 million sq. ft. (532,000 sq. m.) of commercial real estate, predominantly in central London, valued at £5.4bn as at 30 June 2019.

(Image Source: HNF Property)

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