Memery Crystal advises on £68m Exchange Flags acquisition

Located in the heart of Liverpool’s commercial district behind the Town Hall, Exchange Flags comprises two distinct buildings – Horton House and Walker House – each combining stunning historic architecture with modern, stylish refurbishment and providing 313,000 sq. ft. of offices over 10 floors, along with 28,000 sq. ft. of retail, along with an 18,000 sq. ft. museum. Current office occupiers include The Secretary of State for Defence, Brabners, Regus, DLA Piper, Jackson Carter, Brookes Bell, Colliers International and Deloitte. Retail occupiers on the ground floor include El Gato Negro, Esquires Coffee, Philpotts and Fazenda.

The transaction utilised a broad range of Memery Crystal’s legal services including Real Estate, Banking & Finance, Corporate, Tax, Construction, Employment and Commercial advice. In all, over 20 lawyers from Memery Crystal were involved in advising on this complex real estate acquisition.

The Memery Crystal team was led by Co-Head of Real Estate Alastair Moss and Real Estate Senior Associate Ayesha Qayum, assisted by an extensive team including Tom Driscoll (Associate, Banking & Finance) and Sophie Moonshine (Solicitor, Real Estate).

Commenting on the deal, Guy Lewinsohn, CEO at Ashtrom Properties UK said: “Exchange Flags is a Liverpool landmark in the heart of the city that fittingly marks our first acquisition in the UK. We would like to thank the entire team at Memery Crystal for their support on this deal – they were instrumental in getting us over the line. Their energy and determination is second to none and we are delighted to have them as our UK legal advisers.”

Alastair Moss, Co-Head of Real Estate at Memery Crystal said: “We are proud to have assisted with the purchase of this iconic Liverpool building. This acquisition further demonstrates our reputation as a fast-growing full service real estate firm and showcases our ability to close transactions of significant scale and complexity. We look forward to supporting Guy and his team as they continue to grow their portfolio in the UK.”

Notes to the editor:

• Founded in 1978, Memery Crystal is now recognised as one of the UK’s leading law firms in our specialist areas, regularly cited in Chambers UK and The Legal 500. The firm has market-leading expertise in handling acquisitions and disposals, financing, development, construction, planning and all manner of property-related disputes. For more information, please visit https://www.memerycrystal.com/what-we-do/real-estate/

(Image Source: Exchange Flags website)