International law firm Ashurst has advised Invesco Real Estate on the £110 million acquisition of 40 and 50 Eastbourne Terrace, Paddington from Hermes Real Estate Investment Managers.

40 Eastbourne Terrace is an 85,000 sq. ft. office building which is occupied until 2021, while 50 Eastbourne Terrace has planning consent for a new 90,000 sq. ft. office and retail scheme with a terrace of seven mews townhouses. The two buildings sit directly opposite Paddington station, which will welcome the Elizabeth Line from the end of the year.

The Ashurst team was led by real estate partner Melanie Jordan, assisted by senior associates Rudi Hakiman, Matt Pearson and Tom Rowberry, and associate Chloe Marshall.