BCLP advises Lone Star on multi-asset real estate portfolio acquisition from St. James’s Place

International law firm BCLP has advised Lone Star Funds on the acquisition of a multi-asset real estate portfolio from St. James’s Place, and its Property Unite Trust and Life and Pensions Trust.

The portfolio comprises 16 high-quality assets across the UK, including multi-let industrial, retail and office properties. The high-quality multi-let industrial assets are largely located in the South East, the office properties are all located in London, while the retail assets consist of retail warehouses with strong tenant bases.

Partner Thomas Pearman commented, “We are pleased to have supported Lone Star on this mixed-use, multi-property acquisition. With considerable upside across the portfolio, this is a milestone transaction marking St James’s Place exit from a substantial part of its UK real estate portfolio.”

The deal was led by Tom Pearman and Sam Narula, heading a large multi-disciplinary team including, Richard Brearley and Ben Sutton, and Trainees Lilia Raykova and Eva Chance (Real Estate); Karen English, Katie Philpot, Charlotte Tullis, Sally Anyon, Christine Lewis-Ethelston, Patricia Johnston, Marisol Aspinell, Faye Russell, Samantha Hodgkinson, Faizan Hashmi and Wendy Beer (Real Estate DD); Payam Yoseflavi and Dan Haines, with trainees Kate Hamilton and Azan Ashai (Real Estate Finance); Chris Skone James, Kevin Henderson, Will Meredith and trainee Milly Junod (Construction); Elizabeth Bradley, Jon Cooper, Liam Johnson and Paul Williams (Tax); Giles Pink, Ollie Greaves, Megan Cunnliffe, Tom Horniman, Hannah Whiting, Tom Gray, Nick Harding (Planning & Environmental); Kieran Saunders and Jacquelynne Baey (Corporate Real Estate Funds); Katherine Pope, Michelle Morgan and Ellie Serridge (Employment); and Alex Selka and Edward Gardner (Real Estate Disputes).