8 November 2005 – LAWFUEL – The Law News Network – Linklaters has advised Targetfollow Group, a leading commercial property company focused on town centre investments and developments, on the acquisition for £85 million of Centre Point, New Oxford Street, Centre Point House and adjacent property on St Giles High Street, London.
The 385 foot high Centre Point Tower is one of the most famous buildings in London’s West End and is home to the Confederation of British Industry (CBI). The tower comprises a mix of retail, residential and office premises and has also earned Grade Two listed status.
Targetfollow has previously retained Linklaters in connection with litigation matters, but is a new client to the real estate department.
The Linklaters real estate team was headed by partner Anne Byrne and Kirsty Corkum, who were assisted by Adam Calvert. Paul Gilks of Glovers acted for Targetfollow on the financing.
The acquisition was made pursuant to financing provided by Bank of Scotland who were advised by McGrigors. The seller, The Blackmoor L.P., was advised by DLA Piper Rudnick Gray Carey. The DLA Piper team was led by partner Richard Crossfield with assistance from Juliet Rayner and Jonathan Fewster.