Provision of Conveyancing and Legal Advice for the Purchase of Francis House, London

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Staffordshire County Council awarded a contract to Browne Jacobson Solicitors for conveyancing and legal advice to the Staffordshire Pension Fund on the purchase of Francis House, a freehold office property in London, for a purchase price of £55 million.

The property is a TOGC and was comprehensively reconfigured and refurbished by Derwent London in 2021/2022, having been pre-let mostly to Daniel J Edelman Ltd (0.69 Ha).

The building is currently 100% let and occupied as offices.

Services included full title, construction and planning due diligence; negotiating the contract and transfer; advising on SDLT and VAT; preparing a full transaction report; inputting into pension fund approval processes; liaising with other professional advisers including the managing agent; submitting SDLT; and registering the acquisition at the Land Registry.

The contract value was £60,000.