DLA Piper has advised LabTech Investments Inc on the acquisition of 90 High Holborn, a landmark office building in central London. LabTech is a technology and property co-working company whose strategy is to create modern collaborative co-working spaces using cutting edge technology.
90 High Holborn is situated in the heart of the Midtown area of central London, which has recently seen high levels of private investment bring a new wave of blue chip companies to the area. The building's curved glass facade makes it one of the most recognizable London landmarks.
LabTech's acquisition is the latest addition to the company's high profile property portfolio. Earlier this year DLA Piper also advised on LabTech's acquisition of BUPA House – now called LABS House – which is also situated in the Holborn area.
The DLA Piper team was led by Real Estate partner Paul Jayson, with Real Estate legal director Jonathan Whiteford in London and Leeds-based Corporate partner Stephen Atkinson.
Paul Jayson said: "LabTech's commitment to creating exciting working spaces is bringing new energy to the Holborn area of central London and we are delighted to be part of that process. Both this latest acquisition and the earlier acquisition of BUPA House have shown the scale of LabTech's ambition and it is also indicative of our ability to complete extremely high profile deals efficiently for our clients."
Chen Moravsky, CEO of LabTech, commented "It was great working with DLA Piper on this acquisition. Paul Jayson's and Stephen Atkinson's teams at DLA Piper went the extra mile to get the deal across the line as smoothly as possible."