Taylor Wessing advises on £622m sale and leaseback for Prestbury

23-Jul-2007  |  Corporate, Finance, Projects, Real Estate

CLIENT

Prestbury 1 Limited Partnership

VALUE

£622 million

TRANSACTION

Acquisition and leaseback of property assets

DESCRIPTION

The Corporate Real Estate Group at Taylor Wessing has advised Prestbury 1 Limited Partnership ("Prestbury") on its £622 million acquisition (via a corporate structure) and subsequent leaseback of some of the property assets of the Merlin Entertainments Group, including Madame Tussauds London, Thorpe Park, Alton Towers, Warwick Castle and Heide Park in Germany. The team advising Prestbury was led by Jayne Schnider, Paul Burke and Peter Jackson (Corporate), Richard Grosse and Alan Evans (Real Estate) and Dominic Ross and Marcus Earnshaw (Finance).