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Womble Bond Dickinson (WBD) has advised Moorfield Group, a UK-focused real estate fund manager, on three acquisitions of single-tenant logistics assets totalling 205,322 sq. ft.
Located across the South East and with a combined purchase price of £25m, the assets include a distribution warehouse with an adjoining roadside factory outlet in Caterham, Surrey, less than 20 miles from Central London; two warehouses in Gillingham, Kent, with excellent links to the M25 and to the Channel Tunnel; and a modern freehold warehouse in Newbury, Berkshire, with close access to the M4 motorway, connecting to London and other key locations including the Midlands and the South West.
The WBD team advising on the transactions was led by Southampton-based partner Jon Hobbs and associate Amie Kelsall who advised on all aspects of the acquisitions.
Jon commented:
"We're delighted to have assisted the Moorfield team on these acquisitions, which strengthen our longstanding client's portfolio and extends its UK logistics footprint with all assets based in key strategic locations in the South East. Our strong track record advising on real estate investment transactions, as well as our understanding of the market, meant we were able to move quickly and secure a smooth completion for the client."
Nic Lowry, Senior Investment Manager at Moorfield, added:
"We're grateful to Jon and the whole WBD team for their legal expertise and intelligent handing of these transactions which enabled us to complete all three acquisitions against a tight timescale and despite the challenges posed by the COVID-19 pandemic."
Ranking in the UK's top 20 law firms, WBD advises over 40 FTSE 350 companies, including many of the largest businesses in the country, government organisations and private clients. The firm is the transatlantic law firm close to home, operating from eight offices in the UK, including a large office in Southampton, and 19 offices in the US.
