Irwin Mitchell Advise On Major West End Asset London Team Completes First Deal For New Client 19.07.2012 Irwin Mitchell has advised its new client, Tishman Speyer, on the sale of CAA House and 1 Kemble Street in London's West End to Almacantar. CAA House and 1 Kemble Street are large inter-connected office buildings, with a total net internal floor area of 229,164 sq. ft located on the western side of Kingsway. They are both held freehold and are leased to the Civil Aviation Authority until December 2019 at £6.213 million pa, reflecting an average rent of £27.11 per sq. ft.This is property investment company Almacantar's third major acquisition, having previously acquired the iconic 34-storey Centre Point in April 2011 and the 22-storey Marble Arch Tower in June 2011. Partners Rob Thompson (real estate) and Edward Persse (corporate) led the Irwin Mitchell team advising Tishman Speyer, with assistance from Rupert Dowdell, partner, and Alexandra Barker (real estate) and Paul Smith (corporate) and partner Simon Tweedle (finance.)Mike Hussey, Chief Executive of Almacantar said, "We are delighted to have acquired CAA House and 1 Kemble Street. The properties are a good fit for our portfolio extending the timeline for our value-add activities to 2020. It is a location that we expect to perform strongly given its proximity to Covent Garden and the restricted supply of office space in the West End."Julian Stocks, Managing Director at Tishman Speyer said, "We are very pleased to have sold this asset to Almacantar. The funds released will be put to work on our exciting development projects which are underway in Paris and Frankfurt." Press contact Dave Grimshaw Press Officer 0114 274 4397 Email Dave Tags Real Estate London Rob Thompson Related articles 20.03.2019Government Issues Recommendation for Leasehold Reform 15.03.2019Irwin Mitchell Recruits Hundreds Of Volunteers For Red Nose Day 2019 15.03.2019Irwin Mitchell Scoops Hat-trick At Birmingham Law Society Legal Awards 13.03.2019Sheffield City Region Launches Global Innovation Corridor At MIPIM 2019 08.03.2019Irwin Mitchell Launches Women in Law Timeline 05.03.2019Does A Rest Break At Work Have To Be Continuous?