Eversheds has advised Aberdeen Asset Management on the sale of Bedfont Lakes Office Park to M&G Real Estate. The purchase price was £167m, representing a net initial yield of 5.44 per cent.

The 374,661 sq ft office park is located less than one mile from Heathrow Airport and 15 miles west of central London. Current tenants include a range of both national and international companies such as BP International, Birds Eye Iglo, Targus Europe and Stratus Technologies Systems Ltd.

The Eversheds team was led by Partner Richard Lampert who advised on all legal aspects of the sale.

Richard commented:

"This was another great deal to be involved with for the Scottish Widows’ Life Fund, working closely with our friends at Aberdeen Asset Management plc and Jones Lang LaSalle. Whilst we are sorry to lose the management of such an iconic business park, the adrenalin of speed to market and completion more than makes up for the loss."