Ashurst has advised Telereal Trillium on the sale of the Hyperion portfolio to Legal & General.  The deal value was £550m and comprised 55 assets backed by The Royal Bank of Scotland.

The portfolio of 55 assets is located throughout the UK with one asset situated in Dublin.  It includes a number of landmark London buildings, such as the trophy building at 440 The Strand which is Coutts Headquarters together with 63-65 Piccadilly and 97 New Bond Street. 

The transaction involved the acquisition of the UK target company owning the assets.

Ashurst previously advised Telereal Trillium on its acquisition and financing of this portfolio in 2007.

Head of Real Estate Investment, David Jones commented:

"It has been exciting to work with Telereal Trillium on the sale of this high profile portfolio, especially as it is one of the largest acquisitions to be successfully undertaken by a UK fund in recent years."

The Ashurst team was led by Head of Real Estate Investment, David Jones together with partners Nick Cheshire (Corporate), Simon Swann (Tax) and Sarah Watkinson (Finance).