Hogan Lovells and Freshfields Bruckhaus Deringer have acted on M&G Real Estate’s £315m acquisition of London’s Bankside development from Land Securities Group.

Bankside – situated on the Southbank next to the Tate Modern Gallery – comprises 380,000 sq ft of office accommodation let entirely to The Royal Bank of Scotland until 2027 and 73,000 sq ft of retail space let to several retailers, including Marks & Spencer, WH Smith, Pret a Manger and Starbucks.