Ashurst advised Oxford Properties on its acquisition of King Edward Court, 10 Paternoster Square, London, EC4, the real estate arm of the OMERS Worldwide Group of companies, for £235 million reflecting an initial yield of 5.3%.

King Edward Court, the 246,000 sq ft headquarters of the London Stock Exchange was designed by Eric Parry Architects and Sheppard Robson and was completed in 2003 as part of the Japanese developer's landmark Paternoster Square development surrounding St Paul's Cathedral.

The acquisition of King Edward Court comes as Oxford makes its mark on its existing holdings at Paternoster Square.

David Jones, real estate partner, commented: "We are delighted to work with Oxford Properties on their acquisition of King Edward Court at the prime City core location of Paternoster Square. This is an exciting follow up to us acting for Oxford Properties in relation to their acquisition of St. Martin's Court last year."

The Ashurst team was led by real estate partner David Jones, assisted by real estate partner Sarah Sivyour and tax partner Simon Swann.

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