Bedell Cristin advises Regional REIT on acquisition of Conygar portfolio23 May 2017
Bedell Cristin has advised Regional REIT Limited ("Regional Reit"), the UK regional office and industrial property focused REIT managed by London and Scottish Investments and Toscafund Asset Management, on the acquisition of c £129m of UK regional office, industrial, retail and retail distribution investment properties from the Conygar Investment Company PLC. The transaction was structured by a wholly owned subsidiary of Regional REIT acquiring a number of property owning SPVs including entities registered in Jersey and Guernsey.
Bedell Cristin advised Regional REIT in relation to all Jersey and Guernsey law aspects of the transaction, including legal due diligence, restructuring and acquisition documentation and amendments to the target group's financing arrangements.
The firm fielded a team of specialists from its Jersey and Guernsey offices, including partners Mark Dunlop and Kate Ovenden, senior associate Guy Westmacott, associates Louise Hassell, Marc Piano and Kellie Oliveira and paralegal Philip Kendall.
Mark Dunlop commented: "Bedell Cristin provided responsive and seamless cross-office support to help Regional REIT and its other advisers bring this complex deal to completion. We were delighted to represent Regional REIT on this significant and successful transaction."