Simmons & Simmons acted for an undisclosed overseas investor in its acquisition of the freehold of Parker Tower, 43-49 Parker Street, London from Magistrenes Pensionskasse, the Danish senior teachers’ pension fund, for £24.2m. Property partners Alan Butler and Bill Noad led the team. Hammond Suddards, led by property partner Gary Watson, advised Magistrenes. Watson was assisted by Francesca Fox. The whole of the property is let to British Telecom.
Cameron McKenna, led by David Saunders, acted for Irish Express Cargo Holdings on its taking of a lease of 60,000 sq ft in a warehouse unit in Dartford, Kent from Standard Life Investment Funds. The deal is worth £390,000 per annum for a 15-year term. Herbert Smith, led by Fiona Burns, acted for Standard Life.
