Memery Crystal advises on £23.3m sale of 350 Streatham High Road
At a glance
Memery Crystal, led by Partner Daniel Abrahams, has advised PPR Streatham LLP on the sale of 350 Streatham High Road to an institutional pension fund for £23.3m.
The deal showcases Memery Crystal’s leading full service real estate offering, having advised our client on the acquisition, financing, leasing, construction and now the disposal of this site over a 2-year period. Our instructions included advising on pre-let agreements for the site with two major supermarket retailers and a major gym operator. The transaction included highly complicated title issues rarely encountered in property transactions.
Jonathan Caplan, Director at PPR, commented: “We are grateful to Daniel and his entire team at Memery Crystal for their support during this transaction. They have demonstrated strong technical competence, and provided a very responsive and client focused service as always on this deal.”
Daniel Abrahams, Partner at Memery Crystal, commented: “We are delighted to have worked closely with PPR to deliver a true ‘cradle to the grave’ legal offering in respect of this deal. This transaction showcased our ability to deliver high quality full service real estate advice and we look forward to supporting PPR as they continue to expand their property portfolio and with their further development plans.”
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 Memery Crystal team on this deal included Partner Daniel Abrahams, supported by Senior Associate Craig Jones and Associate Kar-Lai Payne.
- PPR is a successful and expanding private property business with a substantial portfolio of commercial and residential properties mainly in London and South East England.
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