Advising BentallGreenOak on seven asset portfolio of prime logistics assets

We have advised BentallGreenOak on the acquisition of a seven-asset strong logistics portfolio from Morgan Stanley Real Estate Investing.

The platform includes seven logistics assets, totalling 2.18m sq ft. Over 80% of the portfolio is leased to tenants such as Sainsburys, British Gas, DSV and Clipper on core logistics parks including Magna Park, Lutterworth, D.I.R.F.T, Hams Hall and Warth Park.

BentallGreenOak is a leading global real estate investment management advisor with global headquarters in London and New York. It represents over 750 institutional clients with approximately USD$53 billion under management.

The deal required the expertise of both our Real Estate and Private Equity teams.

Commenting on this latest deal, Real Estate Partner Chris Turley said: "We were delighted to work alongside the fantastic team at BGO on the acquisition of this significant portfolio of assets in the buoyant logistics sector. This follows on a series of other recent acquisitions in the sector for BGO." 

The team was led by Real Estate Partner Chris Turley and Real Estate Senior Associate Georgina Watt. Private Equity Partner Emma Danks and Private Equity Associate Alexandra Holden, Banking & Finance Partner Edward Manser and Banking & Finance Senior Associate Louis Dewfall also advised.

This is the second acquisition the firm has worked with BentallGreenOak on and completed in a month. The team advised on the one million sq ft development of Orwell Logistics Park in Felixstowe earlier in January.