Leading offshore law firm Appleby advised Tritax Big Box REIT plc on the GBP90 million acquisition of a 872,000sq. ft. state of the art distribution unit in Avonmouth.
Tritax Big Box REIT plc, a FTSE 250 real estate investment trust, is the only listed vehicle dedicated to investing in very large logistics warehouse assets in the UK with a focus on large, well-located, modern and sustainable buildings, let to high-quality customers on long-term leases.
Speaking on the transaction Appleby Partner, Andrew Weaver commented:
"We are pleased to have acted once again for the Tritax team on this significant acquisition which follows on from our work with them on their green bond issue last year, the first sterling green bond issued by a UK REIT."
Colin Godfrey, CEO, Fund Management at Tritax, commented:
"We are pleased once again to have the support of the team at Appleby in completing the acquisition of this key asset, let to one of the world's largest wine companies by volume, in a strong and increasingly important location for logistics in the UK."
Appleby's Merger and Acquisitions (M&A) team is well-positioned to advise clients on a wide range of M&A activities in the offshore region. Its unique jurisdictional reach means that Appleby is able to advise clients on complex, cross-border transactions involving the offshore jurisdictions that are most often encountered. The team regularly work with FTSE 100 and Fortune 500 companies around the globe and those with financial interests in them, to help them deploy strategic growth and restructuring initiatives, whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions.
Our lawyers in Jersey provide a full range of legal services to a domestic and international client base and a broad range of sectors, advising them in relation to corporate & financial services, disputes, and property matters. We also provide legal advice in relation to private wealth and corporate trusts.