Irwin Mitchell has advised an overseas investor and a privately-owned asset management company, Mercer Real Estate Partners on the acquisition of Mitre House, 160 Aldersgate Street, London EC2 for £64 million.

The building is more than 188,000 sq ft and is currently occupied by international lawyers CMS Cameron McKenna. The law firm is sole tenant and due to vacate the building at the expiry of its lease within two years.

The Irwin Mitchell team was led by real estate partner Rob Thompson, working with Corporate Real Estate partner Jayne Schnider, Finance partner Simon Tweedle and Real Estate partner Rupert Dowdell and a team of associates.

Rob Thompson This is a major acquisition for our clients in the London market and another large deal for Mercer, a pro active asset management company and specialist in office repositioning.” He added, “It was a complex transaction and we were delighted to work with the Mercer team again on what was our third deal with them.”

The team advised Wells Fargo on its JV to acquire a $4 billion loan book in July.