Slaughter and May advised Legal & General Capital on the sale of Two Central Square, Cardiff to Credit Suisse Asset Management. The total consideration for the transaction is expected to be £56.5 million.
The property is currently under construction, but is expected to comprise approximately 148,000 sq.ft. of Grade A office space and is pre-let to Cardiff University and Cardiff based law firm Hugh James.
The new development forms part of Central Square, a mixed-use city centre regeneration scheme immediately to the north of Cardiff Central railway station. Slaughter and May also advised Legal & General in connection with the acquisition and development of the neighbouring properties at One Central Square and Wales Broadcasting House.
Contacts

Real estate: Richard Todd (partner), Simon Bartle (associate), Luther Goh-Mah (trainee); Tax: Jeanette Zaman (partner), Homyar Pahlan (associate)