17th December 2015
Hamlins has advised Ted Baker PLC on £55m head office purchase
Hamlins has advised Ted Baker PLC on the £55.250m purchase of the freehold of their head office in St Pancras, London. The FTSE 250-listed company is purchasing the property, known as the “Ugly Brown Building”, through its wholly owned subsidiary Big Lobster Ltd.
Ted Baker is also looking at its expansion opportunities, after striking a deal by which it has acquired the option to purchase a 50% stake in the building adjacent to the Ugly Brown Building within the next 15 months.