Search guides & insights

Collas Crill acts in £31.5million acquisition

Collas Crill has acted for Pacific Industrial and Logistics REIT Plc and its subsidiary, Alanchoice Limited, in the acquisition of three Guernsey companies for a combined £31.5 million.

Acquired from real estate investor Oxenwood YPL Limited, the acquisition included the purchase of a portfolio of six logistics real estate assets, bringing the total value of Pacific Industrial's investment portfolio to £125m.

Lead by senior associate Simon Heggs, Collas Crill's involvement included assisting Alanchoice with its due diligence on each of the target companies and coordinating the simultaneous release of existing security, completion of the acquisitions, transfer of resident agent and the adherence by the target companies to the acquisition facility provided by Santander.

The team worked with Trowers & Hamlins LLP who were the UK counsel acting for Pacific Industrial.

Simon said: "We are delighted to have been able to assist Pacific Industrial and the team at Trowers & Hamlins on this significant addition to Pacific Industrial's existing property portfolio."

"It has been a pleasure to work with Ian Dobinson, Helen Fysh and their teams at Trowers who managed a logistically complex transaction in a smooth and seamless manner."

BACK TO ALL NEWS

RELATED ARTICLES

Insight +
Fears for TIEAs
19/10/21 Fears for TIEAs: mutual exchange agreements want to rule the offshore world
Deals & Cases +
Bitcoin ETF world first
18/10/21 Collas Crill advises on authorisation of world's first tier one Bitcoin ETF
News +
Jersey First for Finance article
07/10/21 Jersey: ideally placed for Islamic investors
News +
Collas Crill advises Mail.ru Group
22/09/21 Collas Crill advises Mail.ru Group on bond offer