BCLP advises Sixth Street’s logistics joint venture with Copley Point Capital on five logistics property acquisition from Barings

International law firm BCLP advised Sixth Street’s’ logistics joint venture platform with Copley Point Capital on its acquisition of five logistics assets from Barings and associated financing. The five sites are located in Daventry, Nottingham, Warrington and Avonmouth with Great Bear Distribution, Rolls Royce, GKN Aerospace, and Countryside Properties as tenants for the respective single-let units.

BCLP also advised the joint venture platform on a previous asset acquisition bought from NFU Mutual.

The firm has now assisted Sixth Street and Copley Point Capital on the direct and indirect acquisitions and associated financing of 11 properties for the JV in the past 5 months. Sixth Street is one of the largest private capital investment platforms in the world, currently with over $100bn in assets under management across a diverse range of sectors that overlap with many of BCLP's core strengths.

Relationship Partner Antony Grossman, Corporate Real Estate & Funds, BCLP, commented, “The success of this deal and the others recently completed showcases the strength of our cross-disciplinary collaboration, bringing together our lawyers to deliver a seamless, high-quality outcome for our client. We look forward to supporting Sixth Street and Copley Point to realise the full potential of this significant opportunity.”

The BCLP team was led by Partners Simon Kenley (Real Estate), Luke Mines (Corporate Real Estate and Funds) and Payam Yoseflavi (Real Estate Finance), supported by Associate Cam Price and trainee Beatrice Palmitessa (Corporate Real Estate Finance); Senior Associates Faizan Hashmi, Eva Robertson-Tselepi, Firas Al-Hamed, Charlotte Tullis, Katie Philpot, Sally Anyon, Simay Osmay, and Trainees Charlotte Byng and Rui Ci Lee (Real Estate); Senior Associate Sam Burke, Associates Jan Bervida, Rohin Kanji, and Trainees Emily Hewitt and Milan Szvatko (Real Estate Finance); Partner Andy West, Associates Shen Ravendradas and Maite Aguirre Quiñonero (Tax); Senior Associate Nick Harding, and Associates Lydia O’Hagan and Thomas Horniman (Planning/Environmental); Associate Director James Anderson (Employment); Partner Jessica Parry (Real Estate Disputes); Senior Associate Malcolm Moir and Associate Kevin Henderson (Construction).

EHP acted on Lux law matters and CMS acted for Barings on the transaction.