Categories:Real Estate

Ogier advises entities on the acquisition of three retail parks

Ogier has advised entities affiliated with global investment firm Kohlberg Kravis Roberts & Co on the acquisition of three retail parks in Oxford, Sunderland and Glasgow for an undisclosed sum.

The retail portfolio acquired is made up of multi-let retail warehouse space and contains a combination of food, shopping and retail outlets, as well as bulky goods consent. Covering 430,000ft² (40,000m²), the retail parks have a strong income profile, with occupancy of 90 per cent and a weighted average lease length of 10 years.

The Jersey aspects of the acquisition were led by partner Michael Lombardi and senior associate Richard Daggett.

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Overview

6th Floor
11 Old Jewry
London
EC2R 8DU
UK

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