- AG has advised both Rasmala and GII on their acquisition of logistics facilities in Germany for c.€150 million. The first facility is a major new Amazon logistics centre spanning 88,000 sqm and comprised two buildings completing separately through the acquisition of a German holding structure. This was a joint venture between Rasmala and GII and acquired through a Sharia'h-compliant structure held through Jersey. The second facility, a logistics centre let to a subsidiary of sports goods retailer Decathlon, was acquired at the same time but solely for Rasmala. The AG team was led by Leona Ahmed and Stewart Womersley with Peter Sayer and Habib Ullah. The German law aspects were dealt with by local firm GSK. Read more
- Helaba on the £197m facility for London Metric Properties plc secured on a portfolio of logistic / distribution centres.
- Omega Warrington Limited (a Miller Developments JV) in relation to its £1 billion long term development agreement at Omega Warrington with the Homes and Communities Agency including most recently advising OWL on the £47.5m pre-let of a 690,000 sq ft logistics centre to The Hut Group, forward funded by LondonMetric; the £23m, 240,000 sq ft manufacturing facility, forward funded by owner-occupier Plastic Omnium; the forward funded 117,000sq ft manufacturing facility to Domino's Pizza and the speculative forward funded disposal to LondonMetric of a £30m, 356,000sq ft distribution warehouse.
- Prologis in connection with it leading Prologis RFI DIRFT development including the recent letting of DC240 to Eddie Stobart, the letting of circa 1m sq ft to Sainsbury's, and the letting of and advising in connection with the regularisation of the private railway network in compliance with the ORR requirements to facilitate the connection into DIRFT III.
- RBS Pension Trustee Limited in connection with the sale of The Hub, Braintree, Essex (7 unit industrial estate) for circa £17.9m.
- Sainsbury's on the development of three regional distribution centres (each c.500,000sqft) in the UK including the acquisition of land required for the development and the development agreements.
- South Yorkshire Pensions Authority in connection with the purchase of:
- The Oxgate Centre, Oxgate Lane London (an estate of 8 units now all fully let) for £15m.
- Orpington Business Park (9 unit speculative warehouse development) for £9.8m and the forward commitment to purchase North Chiswick Business Park, Acton (5 unit warehouse development) which is in the course of development for £11.9m.
- A membership warehouse distribution group with respect to its investments and development projects in France through acquisitions, construction of warehouses or long term lease contracts.
- Standard Life Investments UK Property Fund in connection with
- the purchase of Saxon Way Trading Estate (16 unit industrial estate adjacent to Heathrow Airport) for £23.7m
- the acquisition of the iO Centre, Sutton (industrial site comprising approx 20 let units over Site A & B)
- the purchase and forward funding of Plot H Kingsway Business Park Rochdale (retail warehouse) for £15m
- the purchase, development and letting (to The Entertainer (Amersham) Limited) and subsequent disposal of a distribution warehouse and other land at Banbury Cross, Banbury
- formation of their European Real Estate Club fund targeting £200m for investment in retail and logistics assets across Europe
- Threadneedle equity club on its acquisition of the Galahad portfolio comprising light industrial warehouses for £190m.
- A US-backed PE fund structured in Luxembourg on a £200m+ indirect acquisition of a substantial mixed UK portfolio of office and logistic assets.
- US and European investors on the acquisition and the construction of logistics centres in France.
- A UK property developer on its c£40m JV in relation to the acquisition and development of logistics assets in Eastern Europe.
