Ogier acts for MREF II and SEGRO in Logistics Property Partnership acquisition

Ogier Legal in Jersey has acted for Moorfield Real Estate Fund II (MREF II) and SEGRO in relation to SEGRO’s acquisition of the 50 per cent interest in the Logistics Property Partnership joint venture previously owned by MREF II for £95.6m.

The Logistics Property Partnership was established in January 2012 by MREF II and SEGRO as a 50:50 joint venture to acquire the UK Logistics Fund and was jointly managed by the Moorfield Group and SEGRO.

Ogier partner Katrina Edge acted for MREF II (with Herbert Smith Freehills as English legal adviser) and led the team with support from associate Jennifer Grigg. The Ogier team acting for SEGRO (with Eversheds as English legal adviser) was led by partner Chris Byrne and managing associate Bruce MacNeil with support from associate Gemma Hardcastle.

Jersey administration services in respect of the Logistics Property Partnership were provided by the real-estate team of Ogier Fiduciary Services.