Buren advises consortium on GBP 90 Million+ landmark property acquisition

Buren advises a consortium of buyers including an affiliate of Harbor Group International, LLC and Z.C. Ronogil on the GBP 90 million+ acquisition of The Relay Building in London.

The Relay Building, which was built in 2014, is a 22 level tower, containing 105,996 square feet of office and retail space. The property is fully leased to a wide range of tenants on long term leases. Major tenants include Blockchain, MindSpace, Paddy Power, Pret a Manger, and Tesco Stores.

Buren has been involved in every deal phase of this structured cross border transaction on Dutch tax, corporate and finance aspects. Our services consisted of M&A, transactional and notarial services, including legal due diligence, corporate and tax advisory services with respect to the structuring, corporate and finance law.

Other law firms involved in this transaction include Memery Crystal, Addleshaw Goddard, Clifford Chance and Van Doorne.

Harbor Group International (HGI) is a private real estate investment and management firm which controls a portfolio of worldwide assets valued at USD 7.3 billion. HGI is headquartered in Norfolk, Virginia with offices in New York, Baltimore, Los Angeles and Tel Aviv.

Founded in 2002 by Hezi Chermoni, ZC Ronogil Investments is a family business, specializing in high yield investment property in Israel and worldwide.