ADVISED A KOREAN ASSET MANAGER ON ITS DEBUT UK DEAL
Instructed by Korean Asset Manager, Vestas Investment Management, on its debut UK deal. The deal included a £126 million forward funding transaction involving a new logistics unit, let to Amazon in Bardon, Leicestershire. Vestas’ main investor on this deal was Samsung.
ADVISED ON THE CREATION OF A NEW PROPERTY LOGISTICS PARKS FUND OF €200 MILLION
Advised on the creation of a new property logistics parks fund with a value of €200 million, formed with Parkridge, to develop and own distribution-warehousing parks in Central Europe. The logistics parks will be developed on a pre-let and speculative basis in Poland, Hungary, Slovakia and the Czech Republic with an average park size of 80,000 sq m across the region. The investors in the fund are Parkridge and the three Morley managed Norwich Union Life Funds.
ADVISED ONE OF THE WORLD’S LEADING SHIPPING GROUPS
Location: UK, London
Advised CMA CGM Group, one of the world’s leading shipping groups based in Marseilles, France, on a pre-let of a 107,155 sq ft logistics plot at DP World London Gateway Logistics Park, located on the River Thames and adjoining the London Gateway Port. CMA will take a 25 year CPI linked lease and the state-of-the-art facility is expected to be operational in the summer of 2019.
INTERNATIONAL LOGISTICS PORTFOLIO ACQUISITION COVERING FRANCE, GERMANY, ITALY, LUXEMBOURG AND SCOTLAND
Advised Ares Management Ltd on the acquisition of the €110 million Novem Portfolio, in an international transaction covering France, Germany, Italy, Luxembourg and Scotland. The real estate portfolio comprised nine logistics properties located in Germany, France and Italy. The transaction was complex in a number of ways, as Ares acquired the assets through the acquisition of all units of the regulated “EURO LOGISTIK 1” investment fund held by ten different German institutional investors. The fund was and will continue to be managed by German asset manager INTERNOS Spezialfondsgesellschaft mbH, who in the transaction was also acting on behalf of those selling investors.
ADVISED ON THE CREATION OF A £1.2 BILLION JOINT VENTURE
Advised global LPs Canada Pension Plan Investment Board and Dutch pension fund APG in respect of a new joint venture with Goodman which is targeting the UK logistics market. The strategy is to grow the fund to a value of £1.2 billion.
ACQUISITION OF A GRADE A WAREHOUSE IN RUSSIA
Completed the acquisition for Raven Russia of a 45,237 sq m completed grade A warehouse at Sholokhovo, on Dmitrov Shosse to the North of Moscow from a fund managed by Fleming Family and Partners for a consideration of $49.75 million.
ADVISING ONE OF THE UK'S LEADING INDUSTRIAL PROPERTY DEVELOPMENT AND ASSET MANAGEMENT COMPANIES
Advise Chancerygate, one of the UK's leading industrial property development and asset management companies, on their nationwide real estate portfolio. Our advice covers acquisitions, planning, forward funding, lettings and disposals across their largely industrial portfolio.
ADVISED THE WORLD’S LARGEST ASSET MANAGER ON THEIR UK PROPERTY PORTFOLIO
Advise BlackRock on their UK property portfolio. We have recently advised on the development of a 155,000 sq ft distribution centre for Samworth Brother’s in-house logistics division at Leicester Distribution Park, and the acquisition and leaseback of a distribution centre in Avonmouth.
ADVISED ON THE FINANCING AND ACQUISITION OF EIGHT LOGISTICS ASSETS
Advised Clearbell on the financing and acquisition of eight logistics assets on behalf of a fund it manages (including three bought from Helical). The assets will form part of the Cara portfolio, a UK-wide portfolio dedicated to the logistics sector. The acquisitions bring the total assets in the Cara portfolio to 20.
ADVISED ON AN INDUSTRIAL PORTFOLIO VALUED AT €450 MILLION
Location: Germany and Netherlands
The GIANT Portfolio comprises over 30 industrial real estate properties in the logistics sector distributed throughout Germany and the Netherlands. The joint venture, established under the name GIANT Growth Industrial Asset Net-Income Trust, combines various portfolios valued at approximately EUR 450 million which had already been under the administration of Garbe Industrial Real Estate GmbH. We advised primarily on the terms of the joint venture and the transaction financing.
ADVISED ON THE ACQUISITION OF A LOGISTICS PROPERTY AT MANCHESTER AIRPORT
Location: UK, Manchester
Advised on the acquisition of a logistics property at Manchester airport by way of a share deal. The property is rented out to Amazon UK Services for a period of 15 years. The overall size of the object is 25,700 sq m and the total volume of the transaction was EUR 45 million.
ADVISED ONE OF THE LEADING PROVIDERS OF DISTRIBUTION BUILDINGS
Advised Prologis on the disposal of 13 UK-based distribution warehouses for £220 million to Blackstone. Prologis is one of the leading providers of distribution buildings and owns and manages over 20 million sq ft of industrial space in the UK.