Great Portland Estates Plc acquired King Sloane Properties Limited from Belgravia And Chelsea Property Services Ltd for approximately £70 million on August 18, 2023. The transaction also includes the acquisition of freehold interests at 16/19 Soho Square, 29/43 Oxford Street and 7 Falconberg Mews, W1. The cash consideration is based on a property value of £70 million (£772 per sq ft on consented NIA) and is subject to further balance sheet adjustments. The consideration was met from Great Portland Estates's existing undrawn facilities and cash.

Great Portland Estates Plc completed the acquisition of King Sloane Properties Limited from Belgravia And Chelsea Property Services Ltd on August 18, 2023. Herbert Smith Freehills LLP acted as legal advisor to Belgravia & Chelsea Property Services Limited.