Keystone Law has advised the investment company Literacy Capital on its investment into Cubo Work, a provider of bespoke co-working space across the UK.
Literacy Capital’s investment will support Cubo’s expansion plans into the growing flexible working market, and in return will take a significant minority stake in the company.
Keystone advised on the property aspects of the deal, undertaking the due diligence checks on eight of Cubo’s current and imminent sites.
Commercial property and licensing partner James Daglish led the legal team on the property elements, which included commercial property partners Paula Abrahamian, Adam Cornbloom, Minesh Patel, Sally Pilott, David Thomson, and paralegal Gabriel Navias.
James Knott, Director at Literacy Capital, said:
“We are thrilled to be supporting Cubo on its continued rollout and growth. The Keystone team provided us with pragmatic and specialist property advice, which was integral to allowing us to complete the investment in a tight timescale.”
James Daglish said:
“It was great working with and supporting Literacy Capital on its investment into Cubo, a company with a huge presence in a growing industry. I wish the team every success on its venture.”
Addleshaw Goddard advised on corporate and tax aspects of this deal.