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.