DLA Piper and Trowers & Hamlins have been drafted in to advise on the acquisition of a Grade II-listed Holborn building for £300 million.

DLA is advising property and technology company Labtech Investments, an investment vehicle operated by billionaire businessman Teddy Sagi, on its purchase of Victoria House in Holborn.

DLA fielded a team led by London-based real estate partner Paul Jayson and corporate partner Stephen Atkinson in the firm's Leeds office.

Trowers has taken a role for Victoria House on its sale, according to one person with knowledge of the situation. Victoria House was built in the 1920s and occupies 300,000 square feet of internal space across nine floors.

The purchase will take the total value of Labtech's property portfolio, which also includes Camden Market, to about £3 billion and is its largest acquisition to date, according to a company statement.

Labtech also announced that it has acquired London-based events company Location House to oversee events within the building.

Last year, CMS agreed to offload all of the surplus office space it aquired in London last year through its merger with Nabarro and Olswang, to the landlord of Labtech-owned building High Holborn.

Other real estate deals from the last month include the £600 million financing for the third phase of redevelopment for Battersea Power Station, on which Baker McKenzie, Addleshaw Goddard and Norton Rose Fulbright won mandates.