Advising InfraRed Capital Partners Limited on large logistic asset sale

We have advised InfraRed Capital Partners on the sale of a range of UK assets as part of a wider £250 million sale of a range of properties.

The transaction involves a portfolio of last-mile logistics assets in the UK and France to Blackstone real estate funds. The assets will be incorporated into Mileway, Blackstone’s pan-European last mile logistics platform.

The UK portfolio, totalling circa 1.6m sq ft, is located mainly in the North West near Manchester, Liverpool, Leeds and Sheffield.

InfraRed has a fantastic track record in identifying trends and market needs in the logistics sector and we are delighted to have been able to work with InfraRed on this sale. The need for 'last mile' space near the UK's larger urban areas is increasing, underpinned by the exponential growth of ecommerce and increased demand for efficient supply chains and quick delivery. In the past three months alone, Taylor Wessing has closed in excess of £1 billion worth of logistics deals.

Christopher Turley | Partner and head of Real Estate & Construction

The deal was led by Real Estate Partner Chris Turley and Real Estate Senior Associate Georgina Watt, and also involved lawyers from the following teams:

Real Estate

Liam Callaghan, Associate
Poppy Coleman, Associate
Holly Cullen, Associate
Emily West, Paralegal
Katie O'Shea, Real Estate Legal Manager

Real Estate Disputes

Edward Cooper, Senior Counsel
Stephen Burke, Senior Associate
Alicia Convery, Associate
Emma Dooley, Associate

Environmental, Planning & Regulatory

Emma Tait, Senior Counsel
Holly Grundon, Senior Associate
Jo Bassett, Associate

Construction & Engineering

David Quinlan, Partner
Stephanie O'Hare, Associate
Ralph Wood, Associate
Sam Cave-Browne-Cave, Associate

Banking & Finance

Gareth Lawson, Partner
Gabriel Estevez, Senior associate

Branchen Immobilien