18 June 2007
Kerman & Co LLP acted for the Purchaser in the acquisition of a special purchase vehicle (“SPV”) holding a contractual right to acquire a Central London property currently under construction but due to be completed by the end of 2007.
The SPV had originally acquired the rights in the property development with the Vendors selling the SPV at a substantial profit, based on the property’s increased market value as it approaches completion.
Ian Ogus, a Partner in the Real Estate team at Kerman & Co led the transaction with Michael Corcoran handling the corporate / commercial side of the deal.