Advising on Nomura's acquisition of prime West End office

We have advised Nomura Real Estate UK Limited (Nomura Real Estate) on its acquisition of 55 St James's Street, a highly sought after office building situated in London's West End.

This acquisition is further evidence of London's draw for investors from around the globe seeking high quality offices in secure and liquid markets.

With this transaction Nomura Real Estate continues its plan to increase its volume of investment in overseas profit-making properties. In the UK, the company aims to expand its business with the goal of contributing to the solution of social issues, such as sustainability, with the mission of gaining more experience and knowledge through its business and utilising the experience and knowledge cultivated in Japan.

Located in the prestigious district of St. James, which offers a peaceful yet vibrant atmosphere with luxury hotels, art galleries, boutiques and restaurants, the office building was awarded BREEAM*1 Excellent and EPC*2 Rank B (the second highest in both categories). 

Commenting on the transaction, real estate partner Leona Ahmed said: "As businesses continue to innovate to foster environments that embody connection, collaboration, and a robust corporate culture, the search for 'best-in-class' office spaces in prime locations continues to be high in demand. Nomura Real Estate's acquisition is an example of continued interest from global investors in high quality London assets. We are delighted to have had the chance to support the team at Nomura."

The transaction was led by partner Leona Ahmed along with a team including senior associate David Blair in the real estate group Rebecca Mays advising on the relevant building safety act requirements (the building has a residential component) and senior associate Harriet Revington in the tax and incentives team. Nomura were advised by Henshin Capital Partners and JLL.