Paul Paling
Posted on 10 Dec 2014

Michelmores advises on £370m New Scotland Yard sale

Top 100 law firm Michelmores has advised the Mayor's Office for Policing And Crime (MOPAC) on the sale of New Scotland Yard (8-10 Broadway, Victoria, London) to the Abu Dhabi Financial Group for £370 million.

The sale of the property, which has been purchased for redevelopment purposes, exchanged on 4 December 2014 and will complete in 2016 when the Metropolitan Police move to their new headquarters at the Curtis Green building on Embankment.

Michelmores' team was led by Paul Paling, Head of the London Real Estate team and Melanie Hughes assisted by Simon Rose, Richard Honey, Sundip Biswas and Samantha Graham.

The Abu Dhabi Financial Group was advised by Linklaters, whose team was led by UK Head of Real Estate Andy Bruce, and by Appleby Global Group Services Limited (Jersey).

JLL (UK) acted as Selling Agent.